News24

Tiger takes out $54m mortgage

2010-09-01 13:08

Florida - Tiger Woods has reportedly taken out a $54 million mortgage for his mega-mansion under construction on Florida's exclusive Jupiter Island.

Legal documents filed in Martin County on August 27 - just days after his divorce from Elin Nordegren - list Woods as a "single man" and reveal Woods would pay back the loan by January 15, 2016. So, it seems there's one group of people counting on Tiger to make a comeback - his lenders, gossip website TMZ reports.

The documents also reveal that Woods's property spans three parcels of land.

The estate will also include a tennis court, oxygen therapy room, several swimming pools and a fitness centre.  

Woods reportedly moved into an apartment in downtown Manhattan just days after he finalised his divorce from Elin Nordegren.

The disgraced golfer officially ended his six-year marriage with Nordegren on August 22.

The divorce came 10 months after Woods crashed his SUV outside his family home in Florida, following an apparent dispute with Nordegren.

The accident gave rise to numerous reports of infidelity by Woods, who has gone winless on the PGA Tour this year amid his marital woes.

As part of their divorce settlement, Nordegren and Woods will share custody of their two children - daughter Sam, three, and son Charlie, 18 months. 

Sport24

Comments
  • Marcus Daily - 2010-09-01 13:22

    The guy is worth over $1 billion and has a very impressive property portfolio...why in the hell does this articles make him look broke? "moved into an apartment".....he probably owns the whole damn block!!

  • james usa - 2010-09-01 13:35

    plus secret safe for performance enhancing drugs. Way to Eldrick.

  • Herman - 2010-09-01 14:33

    So what does this have to do with anybody. Leave the man and his family alone and consentrate on news not sensationalism. Find a different way to sell your tabloids

  • Shorts - 2010-09-01 17:59

    Another global financial crisis waiting to happen? This extremely over-opinionated individual, with highly questionable morals, is doomed to fail, dragging many down into the mire of self destruction along with him. As the saying goes ' a fool and his money are soon parted'! Watch this space!!!!

  • Bob - 2010-09-03 09:00

    This really has nothing to do with sports news !!!, I have said all along the guy has let himself and his family down and will never recover, however what he does with his money has nothing to do with sport news.

  • Richard - 2010-09-03 10:51

    @Bob, you are right, but without articles likes this, idiots the likes of "Lump of Coal" "James," "Shorts," Craig" and other perverts more concerned w/ sports figures' sex lives would not have any sensible sports related comments to make, especially about golf, because they have a scratch IQ. MMmmm

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