Sylvester Stallone DENIES Jennifer Flavin's claims that he blew their ‘marital assets’ as divorce case heats up

The statement was Flavin's response to claims that she was entitled to more than half upon divorce because he had committed unspecified financial misdeeds that reduced her overall assets

Sylvester Stallone DENIES Jennifer Flavin's claims that he blew their ‘marital assets’ as divorce case heats up
Sylvester Stallone's estranged wife Jennifer Flavin is entitled to 50 per cent of all earnings amassed during their union if they don’t have a prenuptial agreement that says otherwise (Ethan Miller/Getty Images)
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PALM BEACH COUNTY, FLORIDA: Jennifer Flavin has stressed in her August 19 divorce filing that her two-and-a-half-decade marriage to Sylvester Stallone is 'irretrievably broken.' Stallone has reiterated that he will always love Flavin, who is one of the nicest people he has ever known, despite ongoing problems with his family.

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Flavin, 54, a former model and mother of three daughters with Stallone, has alleged in documents filed with the court that the 'Rocky' star "engaged in the intentional dissipation, depletion and/or waste of marital assets, which has had an adverse economic impact on the marital estate," Stallone, 76, has responded, however, by denying any wrongdoing regarding the marital assets. Flavin has also demanded in her filing that the assets accumulated during their time together be divided equally and that she be allowed exclusive use of the Palm Beach estate. She is also asking that the sale and transfer of assets be prohibited during the divorce proceedings.

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Actor Sylvester Stallone and wife Jennifer Flavin arrives at a special screening of Summit Entertainment's 'RED' at Grauman's Chinese Theatre on October 11, 2010 in Hollywood, California.
Stallone and Flavin, a former model from the San Fernando Valley, in California, tied the knot in 1997 when she was 29 and he was 51 (Frazer Harrison/Getty Images)

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It seems Stallone is ready to grant exclusive use of their Palm Beach estate to his soon-to-be ex-wife according to the New York Post while other sources claim that the superstar is unwilling on giving up his estate. Flavin has also requested to be ‘compensated and made whole’ in her case file and wants to come out receiving more money than Stallone.

The news first started making headlines when Stallone replaced Flavin’s tattoo on his bicep with that of his dog, Dwight. But he was soon to shun the reports saying, "we went in different directions." Meanwhile, Stallone and Flavin’s daughters, Sofia, 25, Sistine, 24, and Scarlet, 20 have stood in support of their mother, praising her to be the "strongest woman they know." Signs of a split became clear when Stallone was spotted without his wedding ring at the Paramount+ launch in the UK in June, followed by a cryptic Instagram post in which Flavin hugged her three daughters.

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Stallone got married to Flavin in 1997, hoping he would be third time lucky after failed marriages with Sasha Czack (1974-1985) and Bridgett Neilsen (1985-1987). From Pamela Anderson to Brigett Neilsen, Stallone has seen many lost loves in his life. During his long and prosperous career in Holywood, Stallone has endured many heartbreaks. One of the most sorrowful moments in his dating history could be when he discovered that the daughter he believed he shared with Janice Dickinson, Savannah, was actually not his

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