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Tiger Woods Divorce Settlement lands Elin Nordegren $100 Million

Posted by Timothy Warren on Aug 23rd, 2010 and filed under Sports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Tiger Woods' divorce settlement if finalized

Tiger Woods' divorce settlement if finalized

Today, the Elin Nordegren & Tiger Woods divorce was finalized at the Bay County Circuit Court, in Panama City, Florida. Everyone knew that the divorce settlement would end up providing Nordegren with a huge chunk of money, but no one knew for sure how much. It’s not official as of yet, but it appears as though Tiger Woods will have to provide his ex-wife with close to $100 million plus child support payments. The total may end up being over $100 million when all is said and done.

The prenuptial agreement that Tiger and Elin signed before their marriage only stated that Elin would receive $20 million, were they to get a divorce. However, since Tiger was caught cheating on her, the judge ruled in favor a larger settlement.

Through her lawyers, Elin released the following statement:

“We are sad that our marriage is over and we wish each other the very best for the future. While we are no longer married, we are the parents of two wonderful children and their happiness has been, and will always be, of paramount importance to both of us. Once we came to the decision that our marriage was at an end, the primary focus of our amicable discussions has been to ensure their future well-being. The weeks and months ahead will not be easy for them as we adjust to a new family situation, which is why our privacy must be a principal concern.”

The divorce settlement also gave joint custody to both Woods and Nordegren. Their children, Sam Alexis, and Axel Charlie will split time with both parents.

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