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It's over! Jeff Gordon reaches divorce settlement
Sun-Sentinel ^ | June 13 2003 | AP

Posted on 06/13/2003 8:53:36 PM PDT by Nick The Freeper

WEST PALM BEACH -- Four-time Winston Cup champion Jeff Gordon paid an undisclosed chunk of his fortune to end his seven-year marriage.

According to court documents, Brooke Gordon waived alimony and was guaranteed $15.3 million from the sale of two properties, including the couple's 23,095-square-foot oceanfront home in Highland Beach.

The court filing does not specify when the properties would be sold or provide further details about the division of assets, which include boats, an airplane, and pricey cars.

Terry Young, a lawyer for Brooke Gordon, said she was ``extremely pleased'' with the settlement. She filed for divorce in March 2002, citing marital discord.

``We feel the settlement actually vindicates our belief that Mr. Gordon's interest in the race teams was significant,'' Young told The Associated Press. ``The settlement recognizes what we contended was Mr. Gordon's net worth as opposed to what he contended it was.''

In a statement, Jeff Gordon said, ``I'm happy with the terms of the settlement and I wish Brooke the best in the future.''

In early court filings, Jeff Gordon estimated his worth at about $48.8 million and his 2001 earnings at more than $18 million.

Generally, Florida law requires assets amassed during a marriage to be split evenly, but Jeff Gordon contended he should not have to split the couple's estate because he risked his life to collect it.

Brooke Gordon, 32, argued her husband was worth much than he said. Her lawyers asked to examine the contracts other car owners have with their drivers and sponsors to determine Gordon's worth. The race car driver also owns a stake of Hendrick Motorsports.

NASCAR contracts are closely held secrets because teams don't want to reveal what kind of deals they are able to negotiate.

Most of the car owners were outraged at the request to open their books, even though Brooke Gordon's attorney promised confidentiality. According to court filings on behalf of Brooke Gordon, the appraisals showed the value of the race teams at five times what Jeff Gordon reported in affidavits.

The Gordons met early in the driver's career in Daytona's Victory Lane when the former Miss Winston model presented him with a trophy. They were married for seven years and had no children.

Their divorce was set for a six-day trial in October until a settlement was reached after a 12-hour, court-ordered mediation session.

(Excerpt) Read more at sun-sentinel.com ...


TOPICS: News/Current Events
KEYWORDS: divorce; lotsofmoney; nascar
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To: SoDak
lol
21 posted on 06/13/2003 10:42:12 PM PDT by martin_fierro (A v v n c v l v s M a x i m v s)
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To: martin_fierro
Look like she's indeed cold........Stay Safe !
22 posted on 06/13/2003 10:45:58 PM PDT by Squantos (Cum catapultae proscriptae erunt tum soli proscript catapultas habebunt.)
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To: Duramaximus
But I don't think it would worth paying 15.3 million
for.
23 posted on 06/13/2003 10:47:51 PM PDT by Princeliberty
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To: Nick The Freeper
Seven years, no kids. This is not in keeping with the good-old-boy life plan. Hmmmm.

I'm surprised she waited 7 years to shake him down. Of course, she DID decide to do it right after he stopped dominating the Winston Cup scene. Hmmmm.

I'm guessing she figured he'd hit his peak, and she was going to get as much as she could at that point. Cut your losses & run. No doubt she "was pleased" at pulling down her 15 mil. Not a bad take after an investment of 7 years.

24 posted on 06/13/2003 11:01:18 PM PDT by MCH
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To: Nick The Freeper
I hoped he got bonked more than Wilt the Stilt, otherwise he's taking it in the chops.
25 posted on 06/13/2003 11:05:23 PM PDT by this_ol_patriot
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To: Duramaximus
Dang, she is one fine lady! I would marry her for a weekend.

If my calculations are correct, one weekend married to her would set you back close to $6000. That's assuming she charges you the same rate as Jeff.

26 posted on 06/14/2003 6:10:25 AM PDT by Nick The Freeper
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To: Nick The Freeper
Okay, so that's what I get for doing math on a Saturday morning. I think it should've been closer to $12,000 or $6k per day.
27 posted on 06/14/2003 7:07:59 AM PDT by Nick The Freeper
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To: MCH
I believe he was still winning when she filed for divorce. I also have a funny feeling we will see Jeff start smoking again.
He might have backed off the throttle some to keep the settlement a little lower.
28 posted on 06/14/2003 7:18:27 AM PDT by winodog (The problem is sin. The solution is Christ.)
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To: Nick The Freeper
Jeff Gordon's gay. I heard it in a song.
29 posted on 06/14/2003 7:20:37 AM PDT by maxwell (Well I'm sure I'd feel much worse if I weren't under such heavy sedation...)
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To: Duramaximus
Dang, she is one fine lady! I would marry her for a weekend.

It works out to about $12,000 for a two-day weekend ... still interested?

30 posted on 06/14/2003 7:38:19 AM PDT by fnord ( Hyprocisy is the tribute vice pays to virtue)
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To: Nick The Freeper
note to self: read whole thread first, dummy!
31 posted on 06/14/2003 7:39:39 AM PDT by fnord ( Hyprocisy is the tribute vice pays to virtue)
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To: Nick The Freeper
"We've already established that, madam. Now we're simply agreeing upon a price."
32 posted on 06/14/2003 7:41:35 AM PDT by strela ("Have Word Processor, Will Travel" reads the card of a man ...)
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To: Nick The Freeper
According to court documents, Brooke Gordon waived alimony and was guaranteed $15.3 million from the sale of two properties, including the couple's 23,095-square-foot oceanfront home in Highland Beach.

Why don't they just legalize prostitution and be done with it...it seems to come out the same anyway.

33 posted on 06/14/2003 7:46:34 AM PDT by garbanzo (Free people will set the course of history)
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To: fnord
At least you had the two day calculation the first time!
34 posted on 06/14/2003 10:19:24 AM PDT by Nick The Freeper
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