The infamous voicemail message. (To Jamiee Grubbs)
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(The Daily Beast) New Details on Tiger's Prenup
The Daily Beast has learned exclusively that the beleaguered golfer is negotiating an immediate $5 million payout to his wife—and revising her prenup to give her as much as $55 million more to stay with him two more years.
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).
(Herald Sun) Tiger Woods faces $300m divorce payout if marriage ends
TIGER Woods is staring at a $300 million payout if his marriage breaks down after another alleged mistress came out of the woodwork yesterday.
Reports last night said Woods' wife, Swedish model Elin Nordegren, has a huge prenuptial agreement that would make it the most expensive celebrity divorce in history.
Overwhelmed by evidence of multiple extramartial affairs, the superstar golfer admitted to "transgressions" that had hurt his wife and children and ruined his public image, the Herald Sun reports.
The admission came as another nightclub hostess, Kalika Moquin, 27, alleged a seven-month affair with Woods.
A picture obtained by celebrity website TMZ showed him in a Las Vegas nightclub at 1.30am on October 4 with a woman who was not his wife.
Woods and Nordegren were having intensive marriage counselling sessions yesterday, with a record divorce payout at stake.
Michael Jordan holds that record with his wife, Juanita, receiving an estimated $150 million settlement.
Greg Norman is not far behind with a $128 million payout to his wife of three decades, Laura Andrassy.
It also emerged yesterday that New York party girl Rachel Uchitel, who stayed at Crown during Woods' Melbourne visit last month, was there as the billionaire's guest.
In another twist, sources revealed Woods burned the candle at both ends at Crown, hitting the tables in private gaming suites at the top of the Crown Towers Hotel.
Woods abandoned the Masters gala dinner, where he was the guest of honour, to join US friends in the gambling session. He left his mum Kutilda to dine alone with Premier John Brumby.
A humble Woods did not respond to specific allegations yesterday, but admitted he had brought shame on his family.
"I have let my family down and I regret those transgressions with all of my heart," he said.
"I have not been true to my values and the behaviour my family deserves.
"I am not without faults and I am far short of perfect."
Woods, 33, posted the extraordinary admission on his website amid mounting proof of his philandering with women he met in nightclubs from New York to Las Vegas.
The most damning evidence was a voicemail message recorded two days before last weekend's car crash that exposed his torrid private life.
A man believed to be Woods is heard telling LA cocktail waitress Jaimee Grubbs, 24, to expect an angry phone call from his wife.
"Hey, it's, uh, it's Tiger. I need you to do a huge favour. Can you please take your name off your phone? My wife went through my phone and may be calling you."
A nervous-sounding Woods ends the message with: "Do this for me. Huge. Quickly."
Grubbs, a reality TV contestant, claimed a 31-month romance with Woods.
His sponsors - including Nike, Gatorade and Gillette - are sticking by Woods.
And Mr Brumby said he'd welcome him back to defend his Australian Masters title next year.
But golf was the last thing on Wood's mind yesterday as he and his wife bunkered down in their Florida mansion with marriage counselors.
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Sources: The Daily Beast, MSNBC, Tiger Woods.com, Herald Sun.au.com, US Weekly Mag., TMZ, Facebook, Google Maps
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