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Madonna to pay 60 mn pounds in divorce deal

Director Guy Ritchie is to get at least 20 million pounds in cash, and properties worth many more millions in his divorce settlement with pop superstar Madonna.

world Updated: Oct 21, 2008 15:55 IST

Director Guy Ritchie is to get at least 20 million pounds (nearly $35 million) in cash, and properties worth many more millions in his divorce settlement with pop superstar Madonna.

According to thesun co uk, the 40-year-old Ritchie will get the 1,200-acre country estate and a London pub The money is to cover the London properties, which include a seven million pound family townhouse in Marylebone, a 10-bedroom, 6 million-pound property next door and two mews cottages worth 2 million pounds each.

The director also gets the pub in Mayfair, valued at about 2.25 million pounds - and the Ashcombe House estate in Berwick St John, Wilts, which is worth 10 million pounds.

The total value will be around 60 million pounds - enough for Guy to walk away satisfied, it was reported Friday night.

Madonna, 50, on tour in the US, keeps her New York and Los Angeles homes.

A source close to the couple said: "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 well-known divorce lawyer Fiona Shackleton, who played a pivotal role in protecting Paul McCartney’s fortune from his ex-wife Heather Mills this year.

Shackleton negotiated with Guy’s lawyers in a day of frantic phone calls. They are expected to reach a compromise over their kids - Lourdes, 12, Rocco, eight, and David Banda, three.