No Wonder Tiger's Not Ready To Give Up On Dubai: Total Design And Appearance Package Could Have Been Nearly $100 Million

Arabian Business Journal's Shane McGinley with the exclusive details on the project Tiger said he's not ready to give up on. No wonder...

Tiger Woods received $55.4m from UAE developer Tatweer to promote a golf resort in Dubai, just 24 days before the collapse of Lehman Brothers in 2008.

Why not just make it $55.5. It's a cleaner number, no?

Documents seen by Arabian Business reveal that Woods was originally paid $26,250,000 to promote the Tiger Woods Dubai resort, following a contract first signed on 20 June 2006.

However, on 22 August 2008, both Woods and Tatweer signed an “Amendment to Golf Course Design and License Agreement” which contained 15 new clauses.

They probably heard the rumors and wanted some conduct clauses in there, right?

On top of the $26,250,000 already paid to Woods' company ETW (Eldrick Tiger Woods), the new deal stated that ETW would be paid “the sum of $70m as a promotional fee”.

The new deal also added that Woods' company would receive a “one-time fee of $28,800,000” if he agreed to develop a second golf resort with Tatweer.

In total, the potential value of the new deal was worth $98.8m to Woods – more than the $92.2m he had earned in prize money up to 2008.

Take that Jack, Arnold, Gary and Greg, combined!