Tiger Woods_20091202134502_JPG

Tiger Woods

  • Tiger Woods stories
Survey: Tiger Woods' Ad Confuses Viewers
Survey: Tiger Woods' Ad Confuses…

Most viewers of Tiger Woods' new Nike commercial featuring the …

Tiger Woods' Apology: Did America Accept It?
Tiger Woods' Apology: Did America…

While Tiger Woods apologized Friday to his wife, family and …

Tiger Woods Mistress Golf Balls for Sale
Tiger Woods Mistress Golf Balls for…

As the world’s number one golfer remains in seclusion, you can …

Mel Gibson Feels 'Sorry' for Tiger Woods
Mel Gibson Feels 'Sorry' for Tiger…

One prominent figure has sympathy for Tiger Woods' predicament,…

Radio Calls Released in Tiger Woods Accident
Radio Calls Released in Tiger Woods…

The Orange County Sheriff’s Office in Florida has released the …

Howard Stern Announces Tiger Woods Mistress Beauty Pageant
Howard Stern Announces Tiger Woods…

The women scorned by professional golf superstar Tiger Woods …

Tiger's Mom 'Angry and Disappointed'
Tiger's Mom 'Angry and Disappointed'

Kultida Woods, the mother of Tiger Woods, is reportedly "angry …

Report: Elin May Get $50M if She Stays
Report: Elin May Get $50M if She Stays

A report in the Sunday Telegraph speculates that Elin N…

People: Elin Nordegren Dumping Tiger
People: Elin Nordegren Dumping Tiger

People magazine says sources close to Elin Nordegren say she …

Moving truck at Tiger Woods’ mansion
Moving truck at Tiger Woods’ mansion

A moving truck along with two utility trucks arrived at Tiger …

  • Marketplace

Report: Elin May Get $50M if She Stays

Updated: Saturday, 19 Dec 2009, 5:26 PM EST
Published : Saturday, 19 Dec 2009, 5:00 PM EST

By MIKE BRODY

(MYFOX NATIONAL) - A report in the Sunday Telegraph speculates that Elin Nordegren, the wife of Tiger Woods, will forfeit more than $50 million if she pursues a divorce right now.

Celebrity lawyer Raoul Felder told the Telegraph that Nordegren would be "financially ill-advised" to leave Woods, who has allegedly had at least 14 affairs during their 5-year marriage.

Nordegren has reportedly moved out of the family mansion in Florida and taken the couple's two young children with her to an island home in her native Sweden. It was also reported last week that she was seeking a divorce from the golfing great and would be in line to receive as much as $100 million as part of the settlement.

However, Felder said that if she went ahead with the divorce now she would only be entitled under Florida law to the sum agreed in the prenuptial agreement before the couple married in 2004 -- believed to be $20 million. Woods would also have to pay child support for their 2-year-old daughter and infant son.

It is believed that Nordegren negotiated a lucrative postnuptial deal -- worth at least $5 million -- just days after the sex scandal surrounding her husband broke three weeks ago. Lawyers familiar with the talks said she could be paid up to an additional $55 million to remain with Woods for two more years.

Meanwhile, details of how Woods kept his affairs from going public two years ago have surfaced.

According to the Wall Street Journal , Woods cut an unusual deal with American Media Inc., the owner of both Men's Fitness magazine and the National Enquirer in the summer of 2007.

Woods reportedly agreed to a cover shot and photo spread in Men's Fitness in return for the National Enquirer squelching a story and photographs purportedly showing Woods in a liaison with a woman who wasn't his wife, according to people directly involved in the arrangement.

At the time, golfing publication Golf Digest was spending hundreds of thousands of dollars annually to secure preferential access to Woods, but had never gotten an in-depth article like the one that was eventually published in Men's Fitness, whose circulation of about 700,000 is less than half of Golf Digest's nearly 1.7 million.

  • Marketplace
Advertisement
  • Latest News
  • Suggested Search
  • Similar Stories