Alex Reid demands over $1 mn in divorce settlementJanuary 18th, 2011 - 7:34 am ICT by IANS
London, Jan 18 (IANS) Cage-fighter Alex Reid is said to be demanding over $1 million in divorce settlement with his wife, former model Katie Price.Reid, 35, originally asked for $1.6 million and was offered $398,207 by Price, but now wants an amount of $1,115,748 from her.
The couple is on the verge of announcing the end of their 11-month marriage, but Reid is reportedly refusing to sign a financial agreement and move out of their marital home in Surrey, according to femalefirst.co.uk.
“Kate is a romantic by nature and refused to sign a prenup. As a result, things could get messy but if Alex has got any sense, which he has, he will not be greedy,” said a source.
“He basically wants enough money to buy a house of his own, and some pocket money, because he says he invested heavily in both the marriage and the current family home.”
“Kate’s pretty annoyed as she feels he landed a magazine deal off the back of her, and got more TV work by using her name. She feels she’s given him enough as it is,” the source added.
Since the couple did not establish a prenuptial agreement ahead of their wedding in February last year, they have to discuss splitting their finances but Price refuses to do so.
“Both sides are a long way from agreeing a compromise. It’s a very end to a relationship and it’s getting more bitter by the day,” said the source.
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