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Too Much Money. March 30, 2011

Posted by gregquill in Uncategorized.
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Tiger Woods puts $25m super yacht Privacy up for sale after Elin Nordegren rejects it

By PAUL THOMPSON

Tiger Woods is reported to have put his giant yacht Privacy up for sale. The shamed golf star is said to be looking for a broker to sell the $25m yacht which was a wedding present to his wife.

Reports in the U.S. said the 34 year-old star had offered the 155ft yacht to his ex-wife Elin Nordegren as part of their $100m divorce.

But the Swedish born Nordegren rejected the yacht as it was ‘incredibly expensive’ to maintain with running cost of $2m a year. ‘She didn’t want it because the upkeep is incredibly expensive,’ a source told the Palm Beach Post newspaper.

Woods is said to have already replaced Privacy with a 62-foot diving boat, Solitude, for $3.1 million which he plans to use for trips with his children. Woods bought the yacht in 2004 as a lavish wedding present for his wife paying more than $20m for the vessel which boasts five bedroom and a fitness room.

At the time Woods’s personal life was very secret and he chose the name Privacy to reflect on how he wanted it to stay.

But following a late night crash outside his home in Isleworth, Florida, in November 2009 his secret life as a serial adulterer was revealed and he was forced to seek treatment for sex addiction.

With a permanent crew of 13 Woods and Nordegren spent many weeks on the yacht until his marriage went into meltdown after his multiple affairs were exposed.

Woods and Nordegren divorced last summer after the golfer was found to have had as many as 14 mistresses, including porn stars and nightclub hostesses. Since the split Privacy has been moored in its home port of Old Port Cove in North Palm Beach. But the yacht has recently been in dry dock where the hull was repainted and the deck re-surfaced ahead of is sale. Local mega-yacht builder John Staluppi believes Woods’ asking price of $25m is too high.

Nordegren has recently bought a $12.2m estate near her husband’s $50m home in Jupiter Island, Florida.

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Comments»

1. Bob - March 31, 2011

Elin is obviously no dumb blond..

gregquill - March 31, 2011

You’re right, Bob. $2M a year maintenance is more than the Navy pays!

-Greg


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