Next Sponsor to Drop Tiger: Tag Heuer?

NEW YORK ( TheStreet) -- Swiss watchmaker Tag Heuer could be the next sponsor to drop Tiger Woods, according to various reports.

The rumors have been brewing ever since a Tag spokesperson said that the company is "considering" whether to drop or keep its seven-year relationship with Woods -- though the company maintains that Woods is still "the best in his domain."

Tag announced that it would assess its ties with the no. 1 golfer after Woods announced on Friday that he would be taking an indefinite leave from golf. Shortly afterwards, Accenture ( ACN) became the first sponsor to sever its ties with Woods since news of his car crash and philandering grew to epic proportions in the last few weeks.

>> The Tiger Woods Stock Index

P&G's ( PG) Gillette division responded to Woods' announcement with an announcement of its own: it will begin to limit ads that feature him. AT&T ( T)says it also reviewing its deal with Woods. However, the golfer still has the full support of Nike ( NKE), Electronic Arts ( ERTS) and PepsiCo's ( PEP) Gatorade brand.

-- Reported by Andrea Tse in New York

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