Tiger Woods' Scandal Costs His Endorsement Partners $12 billion

Attorney of Rachel Uchitel, Tiger Woods' alleged mistress, has rubbished reports that the two have been meeting up in secret since the golfer's sex scandal broke.

Photo: Tiger Woods' Scandal Costs His Endorsement Partners billion

Tiger Woods' Scandal Costs His Endorsement Partners billion

RadarOnline.com reported that the two have not been in contact for 'quite some time'.

In an exclusive interview Rachel's attorney, Gloria Allred told RadarOnline.com , "Ms. Uchitel has had absolutely no contact with Tiger Woods for quite some time, and has not seen him or had any communication with him since she has been in Palm Beach."

The golfer was recently spotted partying with Rachel in Florida, Times of India reports.

Meanwhile, according to a new study, Woods’ indiscretions have cost his partner companies an estimated $12 billion in market value, or about 2.3% in shareholder value. The study looked at nine of Tiger’s endorsement partners, including AT&T, American Express and Accenture.

“You’d have to sue the companies who contracted with Tiger Woods; you couldn’t sue Tiger Woods,” attorney Timothy Gorry of Eisner, Frank & Kahan tried to warn me. He explained that, even though I may have shares in Accenture or AT&T, I don’t actually have a contract with Tiger myself, and the companies do, and that’s some sort of important fact. So Accenture or AT&T would be the ones crusading in court against Tiger, not me, Gorry said. Gorry probably plays golf with Tiger or something, The Los Angeles Times reports.

In the meantime, sources had previously said that Woods, 33, was going to cruise the waters off the Bahamas on his $20 million yacht Privacy with friends during the holidays, but the yacht has reportedly been docked in northern Palm Beach County, Fla. Woods, who turns 34 Wednesday, has suddenly gone from being perhaps the most visible name in the sports world to being, well, invisible.

The last time anyone can be 100-percent sure the mythical Tiger-bird was spotted was when paramedics treated him for his now-historic Thanksgiving-night car crash, over a month ago. And that, of course, was the beginning of the scandal that has the world so interested.

There's little question where two of the other women in Tiger's life are: Wife Elin Nordegren is holed up in her native Sweden with their kids for the holiday season, while one of his rumored mistresses, Rachel Uchitel, has been partying quite publicly in the state Woods and his family call home, Florida, People Magazine reports.