Katie Price has offered husband Alex Reid a settlement of £50,000 to finalise the couple's divorce, it has been reported.
According to The Sun, the former glamour model who has appeared on reality television shows such as I'm A Celebrity … Get Me Out of Here!, has made the opening offer to Reid in a bid to conclude legal proceedings behind their breakup.
However, the news source states that the professional cage fighter - who married Price in a ceremony in Las Vegas in 2010 - is likely to reject this settlement offer as he believes he is entitled to half of the £500,000 the couple apparently earned together over the last 12 months.
In addition, Reid is said to have demanded that he is awarded ownership of their £3 million home in Surrey as part of any agreement.
"He feels like it's rightfully his," a friend of Reid told the newspaper.
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Posted by Daniel Stevens