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When Will Phil Mickelson’s Sponsors Begin Jumping Ship?
Published: June 1, 2014
None of Mickelson’s sponsors, which also include Exxon Mobil and Amgen, have made an official statement with regards to the allegations that Mickelson was involved in insider trading back in 2011 and 2012, which is now being investigated by the FBI and SEC.
And according to news outlets such as Reuters, Barclays and Exxon Mobil declined to comment on the insider trading probe when contacted, while the rest of Mickelson’s sponsors could not be reached for comment.
This is not a good sign for Mickelson, as it would suggest that these sponsors, which account for the vast majority of his yearly income, are currently in crisis mode and are attempting to figure out how to proceed with a prominent spokesman that is now being investigated for insider trading.
Several of Tiger Woods’ sponsors jumped ship in the weeks and months following his very public sex scandal back in 2009.
Sponsors such as Accenture and AT&T even decided to drop Woods based on nothing more than allegations.
In mid-December 2009, which was just two weeks after Woods’ alleged affairs began to surface, Accenture released a statement saying "After careful consideration and analysis, the company has determined that he is no longer the right representative for its advertising."
AT&T then decided dropped Woods in late December 2009, releasing a statement which simply said “We are ending our sponsorship agreement with Tiger Woods and wish him well in the future.”
Based on the way sponsors quickly scattered from the 14-time major champion at the first sign of any activity they felt might d...
Article Source: Bleacher Report - Golf
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