Tiger Woods has reportedly taken out a £36m mortgage for his Florida mansion.

Legal documents filed just days after his divorce from Elin Nordegren disclose that Woods has agreed to pay back the loan by January 15, 2016.

According to documents obtained by celebrity website TMZ.com the filings disclose the luxury home on Florida’s exclusive Jupiter Island includes a tennis court, oxygen therapy room, several swimming pools and a fitness centre.

The house is spread out over a 12 acre site in what is the most expensive residential area in America.

Woods was listed on the court filings as a “single man” and the paperwork was filed on August 27th, five days after he and Elin divorced in a Panama City courthouse.
The golfer plans to move into the oceanfront property, where neighbours include golfer Greg Norman and singer Celine Dion, early next year.
Construction work on the property is still continuing and is not expected to be completed until the spring of 2011.
Miss Nordegren also plans to relocate close to the island from their home in Orlando but will live in a separate property while sharing custody of their two children Sam and Charlie.
The existence of the mortgage offers a rare glimpse into the financial dealings of the world’s richest sportsman.
As the world’s most famous sports star Woods is said to have a fortune of more than £300m.

Some financial experts said he lost as much as £40m in advertising and endorsements as a result of the fallout from his infidelity being made public
Woods paid just under £30m for the 12 acre site on Jupiter Island through various Orlando based companies in 2006 and 2007.
Over the last 18 months teams of construction workers have been building the 10,000 sq ft home, as well as a lap pool and other amenities.
Since the divorce Elin has been living in a rented home in Orlando, while Woods is reported to have moved into a luxury apartment in New York city.

Source: The Telegraph, Read the full article >

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