Settlement in Hulk Hogan divorce case in Fla. - WAOW - Newsline 9, Wausau News, Weather, Sports

Settlement in Hulk Hogan divorce case in Fla.


CLEARWATER, Fla. (AP) -- Court records show a financial settlement has been agreed upon between wrestler Terry Bollea -- better known as Hulk Hogan -- and his ex-wife.

The St. Petersburg Times ( reports Linda Bollea received a little more than 70 percent of the couple's liquid assets in their divorce settlement.

He agreed to give his ex-wife 40 percent ownership in his various companies and pay her an additional $3 million property settlement. Linda Bollea filed for divorce in 2009.

The settlement was confidential but came to light this week after it was attached to a new motion filed in court records.

The paper reports Linda Bollea received $7.44 million of the couple's $10.41 million that was held in bank and investment accounts. Terry Bollea will not pay his ex-wife alimony.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

APNP-11-23-11 1316CST

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