Truth & Rumors: $750 million to Elin? Not so fast
Elin Woods's divorce settlement overstated? Earlier this week the London Sun reported that Elin Woods is in line to collect a $750 million divorce settlement from her soon-to-be ex-husband, but it seems that figure may be about as accurate as a Tiger Woods tee shot. Kurt Badenhausen of Forbes crunched the numbers:
We've been tracking Tiger's earnings since he turned pro in 1996. Last year he became the first athlete to earn a cumulative $1 billion through his income from prize money, appearance fees, endorsements and his golf course design business.
Yet those earnings are before the taxman and his agents at IMG took their cut. And if you think Tiger made a killing in the stock market, think again. The S&P 500 is at the same level it was at 12 years ago. By our count Woods is worth $600 million and any divorce settlement is likely to be worth a fraction of current reports.
"World's greatest" (and most controversial) course is underway Builders finally broke ground Thursday on what Donald Trump promises will be his course de resistance: a 18-hole track on the hulking dunes of Aberdeen, Scotland. That's no small feat given the intense resistance the Donald has encountered from scores of locals who like their dunes just the way they are. The Scotland Herald has the dish:
After almost five years of negotiations, nine planning applications, one public inquiry, and amid several protest campaigns and the threat of compulsory purchase orders, construction vehicles and heavy plant machinery of the Cork-based company SOL revved up and moved on to the site.The course is expected to be completed by 2012—although it's estimated it will not be properly playable within three years. Johnny Miller buys storied golf resort What does Johnny Miller do when he's not critiquing golfers on NBC? Well, he might soon be selecting drapes and berating tardy pool boys. Seems Miller is part of a group of investors that bought the storied Silverado golf resort in Napa Valley, Calif., according to Robert Selena at The San Francisco Chronicle:
They wasted no time, as Aberdeenshire Council announced only on Tuesday that the Formartine Area Committee had granted TIGS (Trump International Golf Link Scotland) full planning permission for a championship golf course, driving range, short-game area, putting green and turf nursery.
The 300-acre property, with two championship courses in the heart of Napa Valley, had been on the market since January after the family of the late Isao Okawa, former chairman of Sega Corp., decided to sell. Okawa paid $110 million for the resort in 1989.
Bob Eaton, managing director of San Francisco's PKF Capital, which handled the sale, would not discuss the price Miller and his partners paid for the resort, but confirmed that it was "far upwards" of $20 million.
Geez, that joint must be leaking more cash than British Petroleum. We'll see if ol' Johnny can whip it into shape. What golf and Mixed Martial Arts share in common (sort of) Dana White, who runs the wildly popular Ultimate Fighting Championship and who was named one of 2010's most influential people by both Time and Esquire, understands that you might not enjoy watching grown men beat the bejesus out of one another. But if you got a problem with his barbaric sport ... well, consider how White feels about golf. From Vegas Seven magazine:
"If you don't like [UFC], and you're not into it, f--- it—don't watch it," White says. "I don't like golf. You know what I do? I don't f---ing watch it! What's golf? A bunch of rich d-cks walking around in stupid clothes and hitting a f---ing ball. If we stopped that s---, we could build housing for people who can't afford it on that land. And you have a problem with UFC? Come on, man. Everyone's gonna have their opinions. I'm not gonna change that."
The man has a way with words, don't he?