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Published September 03, 2010

Tiger takes out a new mortgage for $54.5M

THE OLYMPIAN

Fresh off his divorce, Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate. Documents say Woods will pay the mortgage in full by January 2016.

ELSEWHERE

Italian 17-year-old Matteo Manassero shot a 7-under 64 to take a one-stroke lead after the first round of the European Masters in Crans-Sur-Sierre, Switzerland. Mikko Ilonen and Graeme Storm shot 65s.