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Tiger Woods and Elin Nordregen are officially divorced. The pair issued a joint statement on Woods’ website on Monday, announcing the end of their union. The split was finalized in Bay County Circuit Court in Panama City, Fla.

“We are sad that our marriage is over and we wish each other the very best for the future,” the statement reads. “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 statement goes on to say that the primary focus of the divorce negotiations was the well-being of the pair’s children, Sam,3, and Charlie, 1 - not the financial terms. Details of the settlement were not disclosed, but various news outlets - including popular gossip site  TMZ, which claims to have copies of the divorce documents - are speculating that Nordegren will receive $100 million in alimony, plus child support. The estimate is based on a prenuptial agreement Nordegren was said to have renegotiated earlier this year.

Early speculation by gossip columnists had Nordgren netting $750 million despite the fact that, according to Forbes, the golfer is only worth $600 million himself. Only.

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The newly divorced pair confirmed in their statement that they would be sharing custody of Sam and Charlie.

In case you had forgotten, Woods and Nordgren’s marital strife began on Thanksgiving 2009, when Woods was inexplicably taken to the hospital following a car accident that may or may not have involved his wife and a golf club. Revelations of Woods numerous extramarital affairs abounded shortly thereafter. Woods then received treatment at a sex rehabilitation clinic, later issuing a public apology for his various indiscretions. While this may have saved some of his sponsorships, it clearly did little to save his marriage.

For more on what Woods is worth, check out this MainStreet article, “Tiger’s Troubles: The Cost of Infidelity.”

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