Does Rory McIlroy have to give up TGL and Boston Common Golf in favor of his wife Erica as part of alimony and settlement talks?
Rory McIlroy shocked the golf world when he confirmed his divorce from his wife of seven years, Erica Stoll. “She [the communication team] “I stressed Rory's wish to make this difficult time as respectful and amicable as possible,” revealed Sean O'Flaherty, the Northern Irishman's manager. However, an amicable divorce also raises the question of the division of assets, and this naturally turns attention to the new, technology-loving PGA Tour Pro league, the TGL.
The technology and data-driven league is the brainchild of TMRW Sports and will host six teams in a 15-game regular season. Case in point: Since the couple's divorce has been filed in a Florida court, will he have to split his ownership of the league as well as his team with Erica Stoll?
The short answer to this difficult question is: 'NO' if the court approves McIlroy's request to consider the prenuptial agreement they signed as “valid and enforceable.” Yes, you read that right. The four-time major champion and Stoll had signed a prenuptial agreement when they married in 2017. The golfer will therefore be allowed to keep most of his wealth, including the stocks and assets he owns.
ADVERTISING
The article continues below this ad
about Imago
March 18, 2018 – Orlando, FL, USA – Rory McIlroy celebrates with his wife Erica Stoll after winning the Arnold Palmer Invitational on March 18, 2018 at Bay Hill Club & Lodge in Orlando, Florida. Defending champion Rory McIlroy is seeking his first win since the 2018 Arnold Palmer Invitational – ZUMAm67_ 20180318_zaf_m67_116 Copyright: xStephenxM.xDowellx
TGL was founded under TMRW Sports, a company co-founded by the likes of Tiger Woods, McIlroy and Mike McCarley, the latter of whom is founder and CEO. The 35-year-old now also owns a team called Boston Common Golf, which boasts a talented roster including Northern Irishman Keegan Bradley and Adam Scott.
ADVERTISING
The article continues below this ad
However, if the court decides not to recognize the prenuptial agreement as “valid and enforceable,” which in itself is a very slim possibility, he will have to divide his assets, including the business shares. In most cases, the court allows the spouse who runs the business to keep it, while awarding other assets to the other spouse or allowing the former to buy it out entirely. But that is unlikely to happen with Rory McIlroy, who is reportedly set to keep the majority of his assets, including his former mansion, which he may leave the keys to his soon-to-be ex-wife, Stoll.
Rory McIlroy is reportedly set to receive $22 million in compensation
ADVERTISING
The article continues below this ad
The 2011 US Open champion could hand over the Florida mansion to Erica Stoll so that his daughter Poppy has a stable home. According to reports, the golfer would rather look for a new home than deprive mother and daughter of the luxurious property, which is now worth almost $22 million.
The property, which he bought in 2017 for nearly $11 million, consists of nine bedrooms, 11 bathrooms, a home theater, a recording studio, a separate guest house and a tennis court. It seems that Rory McIlroy is determined not to let his daughter suffer the negative effects of her parents' divorce, as reports suggest.
Comments are closed.