Madonna settles divorce with husband

Parent Category: News and Stories

Posted in: Entertainment on Monday, 20 October 2008 00:00

Pop sensation Madonna has reportedly agreed to give husband Guy Ritchie $60 million (£34.9 million), a London pub and the family's country estate to put a speedy end to the couple's seven-year marriage.

According to Britain's The Sun newspaper, which broke the news of the couple's divorce, Madonna will hold on to her New York and Los Angeles homes, as part of the divorce settlement.

A source tells the publication, "The negotiations were relatively painless. Guy knew what he wanted and Madonna knew what she was keen to keep. There was a spell when guy was in a mood to dig his heels in, but he decided this arrangement seemed reasonable and a long battle over money would make life unbearable."

Madonna is being represented by lawyer Fiona Shackleton, who formerly represented Sir Paul McCartney in his divorce from heather mills. Shackleton reportedly negotiated Madonna's divorce terms during a day of phone calls with Guy's lawyers.