Aug. 24 (Bloomberg) -- Tiger Woods and Elin Nordegren completed their divorce, nine months after a single-car accident led to an admission by the world’s top-ranked golfer that he repeatedly cheated on his wife.
Woods and Nordegren will share parenting of their 3-year-old daughter Sam and a 1-year-old son Charlie, lawyers for the two said in an e-mailed statement yesterday after judgment was entered in a court in Bay County, Florida, dissolving the union.
“We are sad that our marriage is over and we wish each other the very best for the future,” Woods and Nordegren said in the joint statement. “We are the parents of two wonderful children and their happiness has been, and will always be, of paramount importance to both of us.”
William Alcott, a spokesman for law firm McGuireWoods LLP, which represented Nordegren, said no further details of the divorce settlement will be disclosed. A former nanny from Stockholm, the 30-year-old Nordegren will get $100 million, TMZ.com reported, citing unidentified people with direct knowledge of the property settlement.
Nordegren also requested her maiden name be restored, according to the divorce filing.
“The marriage between the parties is irretrievably broken,” Nordegren said in a petition to the court.
The divorce settlement was reached on July 3 and July 4, according to court papers. That weekend, Woods failed to break par in a U.S. PGA Tour event for the first time in 11 years, at the AT&T National near Philadelphia.
14 Major Titles
Woods, 34, has won 14 major championships and has spent a record 271 straight weeks atop golf’s Official World Ranking. He’s the first athlete to make $1 billion from purses and endorsements, according to Forbes magazine.
Woods and Nordegren completed separate four-hour parenting courses within the past two months, according to the filing. Woods finished his class on July 10, a day before he flew to Scotland to compete in the British Open, the third major championship of the golf season.
“Once we came to the decision that our marriage was at an end, the primary focus of our amicable discussions has been to ensure their future well-being,” Woods and Nordegren said of their children. “The weeks and months ahead will not be easy for them as we adjust to a new family situation.”
Woods’s lawyer Thomas Sasser, of West Palm Beach, Florida’s Sasser, Cestero & Sasser PA, didn’t return a telephone message or e-mail seeking further comment.
Woods crashed his Cadillac sport-utility vehicle into a fire hydrant outside his home near Orlando, Florida, the morning of Nov. 27, hurting his neck and opening a cut on his lip. The accident led to an unraveling of Woods’s personal life, including his admission that he had relationships with several women following his October 2004 marriage.
Endorsers such as Accenture Plc, AT&T Inc. and Procter & Gamble Co.’s Gillette razors ended their relationships with Woods after his admission of infidelity.
Woods ranks third in PGA Tour history with 71 wins, yet hasn’t won a tournament since returning in April following a break of almost five months.
He is playing this week at the PGA Tour’s first playoff event, the Barclays at Ridgewood Country Club in Paramus, New Jersey. Depending on the tournament’s results, Woods could lose his No. 1 ranking to Phil Mickelson, now No. 2.
To contact the editor responsible for this story: Michael Sillup at email@example.com.