13 November 2007
Michael Jordan in £80m divorce settlement
Former basketball player Michael Jordan is set to pay a record $168m (£80m) to ex-wife Juanita in a divorce settlement, the Times reports.
Jordan, who enjoyed a high-profile career in the NBA playing for the Chicago Bulls, separated from his 48-year-old former partner last year.
At the time, he allegedly refused to sign the agreement, which has since increased in value by £20 million.
Reportedly, however, legal sources close to the star have stated that, after 17 years of marriage, he now wants to come to an amicable settlement and is willing to pay the premium in order to draw the proceedings to a close.
Under the terms of the settlement, Juanita will also receive the couple's large estate in Chicago, as well as custody of their three children.
A year into their marriage, Jordan had signed an agreement that entitled his spouse to half of his estate. Despite this, she has only claimed a third.