Hulk Hogan's wrestling days may be behind him, but as E! News so aptly stated, he can still avoid being pinned.
Judge George W. Greer of Florida released the pro wrestler from a commitment to purchase a $4.2 million Las Vegas condo, a property he agreed to buy with estranged wife Linda Bollea back in 2005.
The commitment on the condo, in a sinking Las Vegas real estate market, has been a sticking point in their ongoing legal dealings, with Bollea just last month seeking to get her ex held in contempt of court and jailed for failing to pony up his share of the condo’s purchase price.
Her Miami lawyer, A.J. Barranco, Jr., said that the condo would be a good investment, even if other condo values have gone down, because Linda Bollea believes that their properties sell at a premium.
And if they walk away from the condo, they stand to lose much of their $840,000 down payment.
For Bollea and Hogan, divorce has become a spectator sport, and an example of what not to do. Some observers believe that it will be more than a year before the divorce is final. The divorce was started in 2007.
“We are thrilled that the judge did not require us to continue to engage in the folly of purchasing a $4.2 million condo at a time when we should be considering other matters,” Hogan's attorney, David Houston, told E! News.
Houston added that, in addition to his client getting off the real estate hook, a stipulation outside of court allowed Hogan the right to reside in a beach house that had previously been awarded solely to Linda.
Perhaps this was the judge's way of penalizing Linda Bollea for wasting the court's time. But she also gained some traction too.
Attorneys for the two sides reached an agreement on support payments: $40,000 a month for her. They also agreed that Hogan can take $900,000 out of two frozen accounts to pay legal fees, insurance on their homes, and vehicles and property taxes on two homes in Florida. She will live in the larger home, a $7.2 million house in Belleair. He will live in the $2 million waterfront house in Clearwater.
“We believe the court injected a dose of reality into a contested litigation and feel that we have started down the road to resolution,” Houston said.
Just last month, Houston dubbed the Vegas condo a would-be “pleasure palace” for Linda and claimed that her insistence on going through with the purchase, in the wake of seemingly more critical matters, like her son Nick’s jailing for being responsible for a passenger in his carm to be permanently disabled, showed “that self-gratification remains her priority.”
No doubt Hulk Hogan is gratified by this ruling.
Rumors also swirled that Hogan and his wife were divorcing after 23 years to protect their assets after their son’s car accident. But according to reports, Hulk Hogan addressed those rumors and said that if that was the case, his wife wouldn’t be dating a man half her age.
No one would use that excuse as a reason why the divorce wasn’t authentic, since both men and women seek Ponce de Leon liberation following many break-ups and revert to adolescent behavior. Is he saying then that the divorce suits her because she is better off with a younger guy than him?
Whatever the motivation here, it is clear this family isn’t averse to attention — no matter the form. Their daughter, Brooke, stars in a VH1 reality program, Brooke Knows Best. In some families, realities are stranger than fiction, and fathers don't always know what's best.