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I bet Macca is, too.
..and Paul will think of it as Independence Day...
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Re: £24,300,000
Posted by:
boston2006
()
Date: March 17, 2008 22:56
LONDON - A judge awarded Heather Mills a total of $48.6 million Monday in the financial settlement of her divorce from former Beatle Paul McCartney.
A document released by the Family Court said the judge awarded Mills a lump sum of $33 million plus the assets she currently holds worth $15.6 million.
"I'm so, so happy with this," Mills told reporters following the closed hearing.
The court also ruled that the couple's 4-year-old daughter Beatrice should receive a "periodical payments order" of $70,000 per annum. On top of that, McCartney will pay for the child's nanny and school fees.
Mills had sought almost $250 million, while McCartney had said she should receive $31.6 million, including her own assets, which the court assessed at $15.6 million.
Judge Hugh Bennett found that the total value of all of McCartney's assets, including his business assets, was about $800 million. He said there was no evidence to support the widely published figure that was more than twice as much.
McCartney left the court without making any statement.
"I'm so glad it's over," Mills said at her impromptu news conference.
"It was an incredible result in the end to secure mine and my daughter's future and that of all the charities that I obviously plan on helping and making a difference with - because you know it has been my life for 20 years," she said.
"Obviously the court do not want a litigant in person to do well, it's against everything that they ever wish, so when they write the judgment up they're never going to make it look in favor.
"But all of you that have researched know that it was always going to be a figure between 20 and 30 million (pounds), Paul was offering a lot less than that, which you'll see in the judgment, and very much last minute to put me and Beatrice sadly through this ... incredibly sad
and here's more info
Text of Mills-McCartney settlement
Text of statement released by the Family Court on the financial settlement for Heather Mills in her divorce from Paul McCartney:
This is a summary of the judgment handed down today (17 March 2008). It is not a summary of every issue in the judgment. This summary forms no part of the judgment. The court ruled that the judgment should be published but upon Ms. Mills' application granted a stay of such publication pending her appeal to the Court of Appeal.
1. The fundamental issue was what financial provision should be made for Ms. Mills. She sought an award of almost 125 million pounds ($250 million). Sir Paul proposed that the wife should exit the marriage with assets of 15.8 million pounds ($31.6 million) inclusive of any lump sum award.
2. The judge decided that the husband should pay the wife a lump sum of 16.5 million pounds ($33 million) which together with her assets of 7.8 million pounds ($15.6 million) (which include her current properties) means that she exits her marriage with total assets of 24.3 million pounds ($48.6 million) inclusive of a deemed figure of 500,000 pounds ($1 million) referable to her overspending in the period of separation.
3. The judge found that the total value of all the husband's assets, including his business assets, was about 400 million pounds ($800 million). There was no evidence at all before him that he was worth 800 million pounds ($1.6 billion).
4. The judge found that although the parties met in 1999 and formed a relationship, the parties did not cohabit from March 2000 but did so from the date of the marriage (11 June 2002). The parties separated in April 2006. The length of the marriage was just under four years.
5. The judge refused to permit either party to raise as an issue the alleged conduct of the other on the broad ground that it was irrelevant.
6. The judge, in undertaking the exercise prescribed by section 25 of the Matrimonial Causes Act, 1973, decided that the needs of the wife were a factor of magnetic importance.
7. The lump sum of 16.5 million pounds ($33 million) is made up of a sum of 14 million pounds ($28 million) as the capitalized figure for the wife's income needs, which the judge assessed at 600,000 pounds ($1.2 million) per annum, and a sum of 2.5 million pounds ($5 million) for the wife to buy a property in London.
8. Financial provision for Beatrice consists of a periodical payments order of 35,000 pounds ($70,000) per annum, the husband agreeing to pay for her nanny and her school fees.
9. The court made an order in the following terms:
Save for the release of the judgment and Order dated 17 March 2008 the Wife and the Husband and any persons acting on their behalves are strictly prohibited from publishing, disclosing, or in any way revealing without the consent of the other, the evidence, correspondence, transcripts, judgments or Orders in the proceedings concerning (a) the child of the family, (b) the main suit, (c) the cross-applications for ancillary relief, and (d) any marital confidences. If consent is not forthcoming then the party seeking publication shall be entitled to seek the permission of a Family Division Judge to do so.
10. The judge expressed his confidence that the media would respect the privacy and confidentiality of the Children Act and ancillary relief proceedings, including evidence and submissions (oral and in writing) given within both sets of proceedings.
Edited 1 time(s). Last edit at 2008-03-17 22:57 by boston2006.
A document released by the Family Court said the judge awarded Mills a lump sum of $33 million plus the assets she currently holds worth $15.6 million.
"I'm so, so happy with this," Mills told reporters following the closed hearing.
The court also ruled that the couple's 4-year-old daughter Beatrice should receive a "periodical payments order" of $70,000 per annum. On top of that, McCartney will pay for the child's nanny and school fees.
Mills had sought almost $250 million, while McCartney had said she should receive $31.6 million, including her own assets, which the court assessed at $15.6 million.
Judge Hugh Bennett found that the total value of all of McCartney's assets, including his business assets, was about $800 million. He said there was no evidence to support the widely published figure that was more than twice as much.
McCartney left the court without making any statement.
"I'm so glad it's over," Mills said at her impromptu news conference.
"It was an incredible result in the end to secure mine and my daughter's future and that of all the charities that I obviously plan on helping and making a difference with - because you know it has been my life for 20 years," she said.
"Obviously the court do not want a litigant in person to do well, it's against everything that they ever wish, so when they write the judgment up they're never going to make it look in favor.
"But all of you that have researched know that it was always going to be a figure between 20 and 30 million (pounds), Paul was offering a lot less than that, which you'll see in the judgment, and very much last minute to put me and Beatrice sadly through this ... incredibly sad
and here's more info
Text of Mills-McCartney settlement
Text of statement released by the Family Court on the financial settlement for Heather Mills in her divorce from Paul McCartney:
This is a summary of the judgment handed down today (17 March 2008). It is not a summary of every issue in the judgment. This summary forms no part of the judgment. The court ruled that the judgment should be published but upon Ms. Mills' application granted a stay of such publication pending her appeal to the Court of Appeal.
1. The fundamental issue was what financial provision should be made for Ms. Mills. She sought an award of almost 125 million pounds ($250 million). Sir Paul proposed that the wife should exit the marriage with assets of 15.8 million pounds ($31.6 million) inclusive of any lump sum award.
2. The judge decided that the husband should pay the wife a lump sum of 16.5 million pounds ($33 million) which together with her assets of 7.8 million pounds ($15.6 million) (which include her current properties) means that she exits her marriage with total assets of 24.3 million pounds ($48.6 million) inclusive of a deemed figure of 500,000 pounds ($1 million) referable to her overspending in the period of separation.
3. The judge found that the total value of all the husband's assets, including his business assets, was about 400 million pounds ($800 million). There was no evidence at all before him that he was worth 800 million pounds ($1.6 billion).
4. The judge found that although the parties met in 1999 and formed a relationship, the parties did not cohabit from March 2000 but did so from the date of the marriage (11 June 2002). The parties separated in April 2006. The length of the marriage was just under four years.
5. The judge refused to permit either party to raise as an issue the alleged conduct of the other on the broad ground that it was irrelevant.
6. The judge, in undertaking the exercise prescribed by section 25 of the Matrimonial Causes Act, 1973, decided that the needs of the wife were a factor of magnetic importance.
7. The lump sum of 16.5 million pounds ($33 million) is made up of a sum of 14 million pounds ($28 million) as the capitalized figure for the wife's income needs, which the judge assessed at 600,000 pounds ($1.2 million) per annum, and a sum of 2.5 million pounds ($5 million) for the wife to buy a property in London.
8. Financial provision for Beatrice consists of a periodical payments order of 35,000 pounds ($70,000) per annum, the husband agreeing to pay for her nanny and her school fees.
9. The court made an order in the following terms:
Save for the release of the judgment and Order dated 17 March 2008 the Wife and the Husband and any persons acting on their behalves are strictly prohibited from publishing, disclosing, or in any way revealing without the consent of the other, the evidence, correspondence, transcripts, judgments or Orders in the proceedings concerning (a) the child of the family, (b) the main suit, (c) the cross-applications for ancillary relief, and (d) any marital confidences. If consent is not forthcoming then the party seeking publication shall be entitled to seek the permission of a Family Division Judge to do so.
10. The judge expressed his confidence that the media would respect the privacy and confidentiality of the Children Act and ancillary relief proceedings, including evidence and submissions (oral and in writing) given within both sets of proceedings.
Edited 1 time(s). Last edit at 2008-03-17 22:57 by boston2006.
Re: £24,300,000
Posted by:
boston2006
()
Date: March 17, 2008 22:59
I'll bet Heather Mills will always Think of St Patricks Day as Christmas !!
Re: £24,300,000
Posted by:
Baboon Bro
()
Date: March 17, 2008 23:00
Never read the tabloids, sorry. Thanks for info.
Re: £24,300,000
Posted by:
Sir Craven of Cottage
()
Date: March 17, 2008 23:00
Just the sight of her makes you wanna vomit!!
Re: £24,300,000
Posted by:
Matti
()
Date: March 17, 2008 23:01
Quote
boston2006
"I'm so glad it's over," Mills said
I bet Macca is, too.
Re: £24,300,000
Posted by:
jayb70
()
Date: March 17, 2008 23:09
he's only worth £400 million!!!!
yeah right!!!
every second somewhere in the world a beatles song is on the radio.
he must have his money well hidden.
yeah right!!!
every second somewhere in the world a beatles song is on the radio.
he must have his money well hidden.
Re: £24,300,000
Posted by:
boston2006
()
Date: March 17, 2008 23:15
Yes , but doesn't Michael Jackson own the publishing rights therefore reaping the benefits of airplay and cover charges ?
Re: £24,300,000
Posted by:
frankie
()
Date: March 17, 2008 23:20
This is what comes to mind: one-legged whore!
and I don't even like the beatles...
and I don't even like the beatles...
Re: £24,300,000
Posted by:
Beast
()
Date: March 17, 2008 23:37
Ahem - there are no whores without dumb punters.
Re: £24,300,000
Posted by:
Floorbird
()
Date: March 18, 2008 00:18
You don't like the Beatles?...SHAME!
Re: £24,300,000
Posted by:
frankie
()
Date: March 18, 2008 01:37
Sorry that I don't like the beatles. Like John lennon though, but the good always die young.
Re: £24,300,000
Posted by:
Gazza
()
Date: March 18, 2008 03:13
Quote
boston2006
I'll bet Heather Mills will always Think of St Patricks Day as Christmas !!
..and Paul will think of it as Independence Day...
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