Golf

Report: Tiger selling yacht for $25M

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PALM BEACH, Fla.

Troubled golfer Tiger Woods' 155-foot mega yacht "Privacy" is up for sale for $25 million, The Palm Beach Post reported Tuesday, citing a source.

Woods reportedly paid $20 million for the yacht as a wedding present to his ex-wife Elin Nordegren in 2004, but the Swedish model gave it back to the former world No. 1 during the divorce settlement last year because she did not want to pay for the upkeep, which is estimated at more than $2 million a year.

"Privacy" is currently docked at North Palm Beach, and local mega-yacht builder John Staluppi believes Woods' asking price is too high.

"The market on big yachts has gone down," said Staluppi. "Banks aren't financing and the economy is off. It's a buyer's market.

"Unless he sells to someone who wants to brag that he's got Tiger's yacht, he'll get about $20 million."

Woods recently bought a 62-foot diving boat, "Solitude," for $3.1 million.

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