Woods in $100 mn divorce deal

Sunday, July 4, 2010

LONDON - Disgraced golfer Tiger Woods is said to be close to sealing a $100 million divorce settlement with estranged wife Elin Nordegren.

According to reports, the $100 million settlement is 10 times more than Woods, 34, paid alleged mistress Rachel Uchitel to ensure she did not “reveal all” about the couple’s affair.

If confirmed, the $100 million deal would be one of the 10 most expensive celebrity divorces of all time, reports telegraph.co.uk

In addition to the substantial cash payment, Nordegren, 30 a former model, is believed to have won their right to receive substantial child benefit payments for the couple’s two children, Sam Alexis, 3, and 17-month-old Charlie Axel.

The children are expected to live primarily with their mother, who may return to Sweden. Woods, however, will have custody for at least one weekend a month - or possibly for longer periods scattered throughout the year.

It is believed that Nordegren will have a property in Florida. Woods is keeping the couple’s home on Jupiter Island, Florida, their $19.75 million 155ft yacht named Privacy, and a Los Angeles apartment valued at nearly $3.03 million.

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