Sylvester Stallone Reportedly Refutes Jennifer Flavin’s Divorce Claims Of ‘Intentional Dissipation’ Of Their Marital Assets

Film icon Sylvester Stallone has finally responded to Jennifer Flavin’s claims that he has actively dissipated, depleted, and wasted their marital assets because of their ongoing divorce. The actor’s legal team denied the allegations, stating Stallone never engaged in the behavior.

Stallone’s team also denied Flavin’s request for exclusive access to their Palm Beach home. However, they didn’t oppose Flavin’s request to restore her maiden name and agreed to the statement that her marriage to Stallone is “irretrievably broken.”

Stallone recently denied rumors that their marriage ended over an argument over a dog and said they’ve simply gone their separate ways. In separate statements, Stallone and Flavin have reiterated that they still care for each other and their daughters. 

Read on to find out more.

In Flavin’s August 19th divorce filing against Stallone (via TMZ), the model alleged that the “Rocky” actor “engaged in the intentional dissipation, depletion and/or waste of marital assets which has had an adverse economic impact on the marital estate.”

According to divorce law in Florida, the intentional dissipation allegation means that one spouse is excessively spending or incurring unnecessary debt. In her petition, Flavin requested that the court prevent Stallone from “selling, transferring, assigning, encumbering, or dissipating any assets during the pendency of these proceedings.”

She also requested that due to the alleged waste, the court should grant “unequal distribution of the marital assets in her favor.” Stallone and Flavin share a huge fortune, much of which comes from high-priced real estate. They recently sold their 21,000 sq. ft. Los Angeles estate for $58 million to Adele.

People recently obtained court documents in which Stallone’s team denied Flavin’s allegations that Stallone intentionally dissipated and wasted their marital assets. They wrote that the 76-year-old actor “has not engaged” in the stated behavior.

Stallone’s team also directly opposed Flavin’s request for “exclusive use” of their Palm Beach home. In Flavin’s petition, she had asked the court to declare her legally single and “restore” her maiden name. Stallone did not oppose this request and also agreed to her statement that their marriage is “irretrievably broken.”

A few days after Flavin filed for the divorce, Stallone addressed rumors that they decided to split because of a dog. Several reports claimed that the couple split after Stallone bought a Rottweiler, which he named Dwight. They allegedly had a disagreement about the dog, which brought on other arguments and eventually pushed Flavin to file for divorce.

Stallone spoke to TMZ about the rumors, explaining that while he and Flavin didn’t often agree about the dog’s care, it was not the cause for their breakup. He said that many of their disagreements stemmed from their bicoastal living arrangement and his frequent traveling.

Stallone said, “We did not end the relationship on such a trivial argument. We just went in different directions. I have the highest respect for Jennifer. I will always love her. She’s an amazing woman. She’s the nicest human being I’ve ever met.”

In an exclusive statement, Flavin revealed to People that she had filed for divorce from Stallone. The statement read, “I’m sad to announce that after 25 years of marriage I have filed for divorce from my husband Sylvester Stallone. While we will no longer be married, I will always cherish the more than 30-year relationship that we shared, and I know we are both committed to our beautiful daughters.”

The former model and businesswoman also asked their fans and the general public for privacy for her, Stallone, and their family as they go through the divorce proceedings and try to move forward with their lives. Stallone also released a statement to Peoplein which he said, “I love my family. We are amicably and privately addressing these personal issues.”

Stallone unlike his estranged wife, Flavin, has kept his social media presence as active as always, posting clips from his upcoming film projects and his new Rottweiler named "Dwight." Recently, to mark his eldest daughter, Sophie's birthday, Stallone shared several photos of himself with his wife.

The photo's looked like throwback shots before the pair decided to end things. Flavin also made a birthday post for her daughter, but did not include the actor in any of the pictures she shared.