Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (92204)	10/17/2007 11:30:01 AM
From: Jim McMannis	Respond to of 306849

McCartney offered estranged wife 25 million pounds 1 hour, 20 minutes ago LONDON (AFP) - Former Beatle Paul McCartney has offered his estranged wife Heather Mills a divorce settlement of 25 million pounds, the Daily Mirror reported on Wednesday. Quoting unnamed sources, the tabloid said that McCartney initially offered Mills between three and five million pounds, but Mills's legal team had negotiated that up to the current offer, with one source saying "it's the closest they have been" on settlement sums. "There has been serious wrangling going on behind the scenes for months and months and months and he (Mills's lawyer Anthony Julius) has finally managed to get them to hike the package up to about 25 million pounds," a well-placed source told the Mirror. "There is no guarantee they will settle but it's the closest they have been." According to the Mirror, the pair's respective legal teams were still negotiating the details of the deal, including a potential confidentiality clause that the Mirror said McCartney had insisted Mills sign. Media reports have suggested that Mills, 39, was seeking up to 60 million pounds from McCartney's reported 825-million-pound fortune to end their marriage, which collapsed last year. McCartney, 65, and Mills, a former model who lost a leg in a 1993 road accident, married in 2002, four years after the musician's first wife Linda died of breast cancer. Since they split last year, the couple's divorce has been played out acrimoniously in the public eye, with Mills saying in March that securing a divorce deal was like "getting blood out of a stone." On the 25-million-pound offer, an unidentified source close to McCartney told the Mirror: "His (McCartney's) legal team knows a judge is unlikely to award Heather a package of much more than about 25 million pounds so he has offered that and now all he has to do is sit and wait." "It's now in Heather's hands. Paul has always been prepared to go all the way, but if it can be sorted out before then, he's not going to stand in the way."