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Thursday, April 3, 2014

Tiger woods drop out of Masters, ticket prices/sales drop

Tiger Woods tips his cap to the gallery as he walks up to the 2nd green during the 2013 Masters. (USA Today)
Full post after cut ...............
Less than 24 hours after Tiger woods dropped out of this years Masters, the tickets prices and sales for the tournament are down significantly on the online secondary market. Some prices for one-day badges on StubHub.com dropped 10 percent within the first hour of Tiger's announcement and overnight were off by nearly 20 percent, and trending further downward. "No single athlete has a greater impact on our ticket prices," said Glenn Lehrman, a spokesman for StubHub who travels to Augusta each April to oversee the operation from the company's badge pick-up/hospitality house across from the Augusta National. Tiger Woods has played the Masters every year since 1995. In 1997, he won championship event at the age of 21 making him the youngest winner ever and he won by shooting a record 18-under par and winning by 12 strokes which is still a record margin of victory. Since then he has won four green jackets and finished in the top five 11 times. His roving gallery is exponentially larger than any other golfer's.

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