Madonna and Guy Ritchie are rejecting recent reports with regard to their divorce settlement. They issued a joint statement just a couple of days after Liz Rosenberg, a representative for the singer, informed The Associated Press via e-mail that Madonna would pay the British filmmaker at least 50 million pounds ($76 million) as part of an agreement.

The former couple explains in the release that the information offered by the pop icon’s spokeswoman is both “misleading and inaccurate,” particularly with respect to the figures stipulated in the settlement. The two say that they have tried to keep details regarding their divorce away from the public eye, since everybody seemed to be interested in the affair.

Madonna and her ex-husband added that the “financial details of the settlement will remain private” and that they were content with the conditions of the agreement.

However, their focus during these rough times is the happiness and comfort of their children.

Madonna and Guy Ritchie have two children together, 8-year-old Rocco and 3-year-old David Banda, who was adopted from Malawi in 2006. Moreover, the 50-year-old pop star has a 12-year-old daughter, Lourdes, from a previous relationship with personal trainer Carlos Leon.

The statement released by Liz Rosenberg claimed that the settlement Madonna and Guy Ritchie had reached was between 50 million and 60 million pounds ($76 million and $92 million). She said that the figures included the value of the couple’s country home, Ashcombe House in western England, and that the house would remain in the possession of the movie director, as well as their west London pub, the Punchbowl.

The two reportedly have an estimated $525 million fortune, but the majority belongs to the pop star, while Guy Ritchie’s wealth is estimated at about $35 million.

Madonna and the 40-year-old British film director tied the knot during a luxurious ceremony in December 2000 at Skibo Castle in the Scottish Highlands. The couple made their breakup public a couple of months ago, after almost eight years of marriage and months of speculation.

They were granted a preliminary divorce decree last month and their separation is expected to become final and official in January.

During the past months, Madonna has been linked to Yankees star Alex Rodriguez and, in spite of the fact that they deny all allegations, various reports claim a romantic relationship between the two. A-Rod’s wife, Cynthia Scurtis, filed for divorce this summer, citing “emotional abandonment” and marital infidelity by her husband.

Alex Rodriguez and Cynthia wed in 2002 and have two children, 4-year-old Natasha Alexander, and 7-month-old Ella Alexander.