Posted on 12/03/2009 6:43:04 PM PST by Red in Blue PA
We finally have an answer to the million dollar question: how much was Tiger Woods and Elin Nordegren's prenup worth? And the answer is...drum-roll please...$300 million dollars!
According to sources at Us Weekly, Tiger and Elin signed a $300 million dollar prenuptial agreement when they got married back in 2004.
(Excerpt) Read more at hollyscoop.com ...
What a scumbag.
When you play you pay...
Tiger Woods — what an idiot.
What a coincidence. Harry Reid & Mary Landrieu have $300 million pre-nup too!
I used to think Nancy Pelosi, Harry Reid, and Obama were in a league of their own when it comes to stupid......apparently not!
I am so damned sick and tired of Tiger Woods and his wayward weenie, his prenups, and all. Him and those two White House party crashers are nothing but a diversion by the media from the real stories out there.
I don’t get it. Does this mean that $300M of his fortune is untouchable if his wife divorces him? Pre-nups are meant to protect people, so how exactly does this protect Tiger Woods?
You care that Tiger Woods is protected?
Poor guy. He is scum (and I say that as a guy)
Can we stop with this Tiger Woods BS? Please? It’s covered enough in the SCM, we really don’t need it here. There are many actual news stories...
Did someone force you to click on this thread????
If you aint no punk, holla WE WANT PRE-NUP, WE WANT PRE-NUP! YEAH!
It was the cover up that changed my mind. When he told the alleged girlfriend to deny and cover without ending the relationship right then and there.
Agree. I emailed Gatorade, Nike and Gilette and told them I would not buy the products of a company which stands by such a man.
Outside of Golf he's retarded.
So he’s left with over $700 million? I’m sure it ain’t no big thing.
So money is all that matters?
Glad you filled me in on that/s
Listen to yourself, that's chump change.
The Daily Beast
Traditionally it’s a divorce that makes a financial dent for a wealthy athlete like Tiger Woods. But it appears that in Tiger’s case, it’s going to cost him to stay with his wife, Elin Nordegren, the mother of their two children.
In a statement Wednesday, Tiger said, “I have let my family down and I regret those transgressions with all of my heart.” Words are evidently not enough to mollify Elin: The Daily Beast has learned the details of what it’s costing Tiger to keep his marriage intact. A lawyer familiar with the hastily conducted negotiations of the past 72 hours said that as of Wednesday evening Elin has been offered a $5 million payment immediately if she agrees to stay—and her prenuptial agreement is being revised to give her up to an additional $55 million.
When the couple married on Oct. 5, 2004, at the Sandy Lane resort in Barbados, Elin signed a prenuptial agreement reportedly worth $20 million after 10 years of marriage, not considered a large payout for someone who was already as successful as Tiger by then. (The tightlipped Woods camp, almost obsessive about releasing any personal information after Tiger’s blundering interviews with GQ in 1997, has never acknowledged the existence of the first prenup, although it’s been widely reported).
But in light of a string of women coming forward to say they had affairs with Tiger since his marriage, Elin has demanded that the prenup be rewritten, Chicago Sun-Times columnist Bill Zwecker reported Wednesday. “The links legend’s spouse is reportedly being paid a hefty seven-figure amount—immediately transferred [sic] into an account she alone controls—to stick with her husband,” Zwecker wrote. “At this point, the couple needed to remain married for 10 years in order for Woods’ wife to collect a splitsville settlement of $20 million. I’m being told that time frame has been shortened—and the dollar amount increased ‘substantially.’”
The lawyer familiar with the couple’s negotiations told The Daily Beast that Tiger also has agreed to shorten the original prenup to seven years from the date of marriage, meaning it will vest in another two. And the revised agreement provides for a staggered schedule of payments spread out over five years that could be worth upward of $75 million. So for Elin to collect $80 million, she’ll need to stay with Tiger another seven years, be a dutiful wife in showing up with him at social events and in public as if they were still the perfect couple, and sign a nondisclosure form that will prevent her from ever telling her story. Even if she lasts only two more years, she’ll still walk away with nearly twice what she was entitled to under the original prenup.
Tiger’s advisers, who have successfully gotten the couple into counseling sessions, believe that keeping the marriage intact will help Tiger keep his corporate sponsors and bolster his dented image. Elin is herself considered a good asset. She’s never been a publicity hound or used her marriage to make money through self-help books, lecture series, or QVC makeup and jewelry lines. Rather, she’s just maintained a low profile and dedicated herself to being a spouse and mother. As opposed to some other celebrities, like Tom Cruise or Angelina Jolie, Elin has never pushed her kids into the public eye. So, now, if she is persuaded to stay, she knows little will be the same. Her quiet life is finished. A Los Angeles-based paparazzo told me that a photo of Elin and the children would fetch $250,000. Some agencies are offering $100,000 just for tips that pay off with photos.
There’s a price to having a life turned upside down in the public eye. That’s what the couple is hammering out now. Since Tiger Inc. is in crisis, it’s likely she will accept a deal rather than allow her anger and sense of humiliation to prevail. The Woods camp is about to pull off the most expensive “stand by your man” stand ever. (Attempts for any comment from the Woods camp were not successful).
end snips
He may have been an idiot for other aspects of this affair, money’s the lest of it.
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