Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

$40,000 a month isn't enough for Linda Bollea

CLEARWATER — Linda Bollea's bank account has dipped below $200,000, according to her lawyers, and she desperately needs money to keep up her lifestyle and legal case.

On Thursday, divorce attorneys for Linda Bollea and Terry Bollea, a.k.a. Hulk Hogan, pushed back and forth over whether Linda should get a disbursement of $400,000 from the couple's frozen assets.

They ultimately agreed to give her the money, though it will be deposited directly into an account controlled by her lawyers and used only for legal costs.

"They know she's out of money," Linda Bollea's attorney, Stephen Thacker, said of the opposition from Hulk's side. "We're really down to the end." The couple has $7-million in cash frozen in accounts pending the outcome of the contentious divorce.

Linda Bollea is currently receiving $40,000 a month in temporary alimony payments, but the costs of her lifestyle and her legal defense mean that her bank accounts continue to dwindle. As of Oct. 30, she had just $186,000. And that's not including what she spent in November, Thacker said.

According to the court hearing, Linda Bollea has spent $850,000 on legal fees so far. Terry Bollea has spent another $1.6-million, including money he paid for his son's legal defense in the reckless driving case against him.

Outside the courtroom, attorney David Houston accused Linda Bollea of wasting money on a lavish lifestyle of five-star hotel reservations, first-class travel and other expenses. In court, he said there were tens of thousands of dollars unaccounted for in Linda's spending and dubious expenses, such as $4,000 paid to a friend for pictures of Linda and her dogs.

Houston told the court that the family faces "horrific" liability from a personal injury lawsuit resulting from Nick Bollea's car crash last year and Linda Bollea needed to be more careful with money.

Thacker argued that Terry Bollea was making money — $2.9-million in 2008 — and that it was unfair to deny Linda Bollea the ability to meet her expenses.

Jonathan Abel can be reached at jabel@sptimes.com or (727) 445-4157.

$40,000 a month isn't enough for Linda Bollea 12/11/08 [Last modified: Monday, December 15, 2008 2:52pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tributes pour in for ex-national security adviser Brzezinski

    Nation

    WASHINGTON — Well before he went to the White House in 1977, Jimmy Carter was impressed by the views of foreign policy expert Zbigniew Brzezinski. That Carter immediately liked the Polish-born academic advising his campaign was a plus.

    Foreign policy expert Zbigniew Brzezinski died Friday.
  2. One year after deaths, Sunset Music Festival kicks off with emphasis on water and security

    Public Safety

    TAMPA — Before the beat drops, or even builds, you hear Steve-O.

    "If you don't get water you're lame!"

    "Hey! Free water! Come on!"

    Steve "Steve-O" Raymond motions to guests making the line to grab free water bottle at the entrance of the Sunset Music Festival on the grounds of the Raymond James Stadium parking lot in Tampa. ( LUIS SANTANA   |   Times)
  3. Twins eventually cash in as Rays lose, fall back to .500 (w/video)

    The Heater

    MINNEAPOLIS — The Rays could only battle their way out of trouble for so long Saturday afternoon before succumbing in a 5-2 loss to the Twins.

    MINNEAPOLIS, MN - MAY 27: Brian Dozier #2 of the Minnesota Twins celebrates hitting a two-run home run as Derek Norris #33 of the Tampa Bay Rays looks on during the eighth inning of the game on May 27, 2017 at Target Field in Minneapolis, Minnesota. The Twins defeated the Rays 5-3. (Photo by Hannah Foslien/Getty Images) 700010973
  4. Rays Tales: The stories behind Corey Dickerson's ascension

    The Heater

    The 25 pounds DH/LF Corey Dickerson lost during the winter through diet and exercise are considered the primary reason for his ascension to one of the American League's most productive hitters, going into the weekend leading in hits, multi-hit games and total bases, and ranked in the top five in average, runs and …

    Tampa Bay Rays designated hitter Corey Dickerson (10) connects for a sac fly, scores Tampa Bay Rays first baseman Steve Pearce (28) in the fourth inning of the game between the Seattle Mariners and the Tampa Bay Rays at Tropicana Field in St. Petersburg, Fla. on Wednesday, June 15, 2016.
  5. Fans in Florida and beyond won't forget Gregg Allman

    Music & Concerts

    The end can come quickly for those who live fast and live hard, who create worlds with their talent and sometimes come close to throwing them away.

    This Oct. 13, 2011 file photo shows Gregg Allman performs at the Americana Music Association awards show in Nashville, Tenn. On Saturday, May 27, 2017, a publicist said the musician, the singer for The Allman Brothers Band, has died. (AP Photo/Joe Howell, File)