In the divorce of Tiger Woods and Elin Nordegren Woods, a joint statement was issued from Nordegren’s law firm McGuireWoods. The statement read: “We are sad that our marriage is over and we wish each other the very best for the future.”
The statement would go on to say, “While we are no longer married, we are the parents of two wonderful children and their happiness has been, and will always be, of paramount importance to both of us.” The terms of the divorce were negotiated between the lawyers of the two parties, and a settlement was issued of over $750 million to Nordegren. The settlement was larger than she was originally seeking, which was an amount estimated to be $500 million. The higher-than-expected settlement is believed to have been the result of the discovery of previously undisclosed assets.
Terms were also put into place in the settlement, including that Mr. Woods not be allowed to let girlfriends or single women around his children, only women that he is married to are allowed to be in the presence of his children. In return, Nordegren is not allowed to speak of the divorce, the terms agreed upon include no interviews, books or TV appearances about events related to the marriage or the divorce. Woods was also given partial custody of his children and can renegotiate that aspect of the agreement in five years.