Entertainment

How Brad Pitt and Angelina Jolie’s $500M winery battle hinges on $1.08 payment



this Fierce legal battle Brad Pitt and Angelina Jolie’s $500 million French winery could cost as little as $1.

Since Jolie filed for divorce in 2016, the Hollywood exes have been fighting over the vineyard they purchased in 2008.

this Estate legal battle More complex than the 1961 Bordeaux, and has been making its way to the courts in California and Luxembourg.

But perhaps the most striking part of the controversy was the sum of money that couldn’t even buy you a glass of wine: one euro!

When the pair bought the vineyard during a happy period — Jolie was pregnant with twins, two of the six children they raised together — Pitt ended up with 60 percent of the property and Jolie 40 percent. .

But just before they married at the estate in 2014, Pitt gave Jolie an additional 10% so they could be 50/50 partners as a sign of grape-like love and devotion.

Pete transferred the doomed stake to his then-bride-to-be for 1 euro (or, at Thursday’s exchange rate, $1.08).

After the two broke up, Julie sold half of her vineyard The wine division of the Stoli Group.

But the truth is, Pitt’s lawyers argue, Jolie never paid!

In Pitt’s court filing in Luxembourg, his side Said the 1 euro note was never paid – and they claim that, in any event, it is not the fair market value of the spread.

So they asked the court to cancel the Julie-Story deal, and now the disputed shares are placed in escrow as an outside agency reviews the debt.

Since Jolie filed for divorce in 2016, the Hollywood exes have been fighting over the vineyard they purchased in 2008. Getty Images

“We are not aware of any issues related to the purchase of 50% of Miraval shares and have no concerns,” a Stoli executive said in a past statement.

Of course, the property always sells for $1.

Quora says: “When a property is sold for $1, it is usually a nominal amount that signifies the transfer of ownership, usually within a family. This type of transaction is often considered a gift, and The sale is considered a gift for tax purposes.”

An insider close to Pitt and Jolie said her team was scratching their heads over his €1 legal strategy, wondering whether they paid the money and that it made no sense.

In court documents filed by Pitt in Luxembourg, his side said the €1 note was never paid, and they claimed it was not the fair market value of the difference in any event. Pascal Le Segretan

One source said, “People do this all the time in America, sell it for a dollar… but no one pays the dollar. No one takes it seriously… This was before they got married, and it reflects on them It’s a family.”

Across the globe, amid a California battle between her exes, Jolie filed a motion on Thursday seeking documents disclosing details of a “sweeping” nondisclosure agreement that Pitt apparently asked her to prevent her from selling to him her marriage to him. Shares in the winery. .

Pitt, 60, had previously claimed that it was Jolie, 48, who betrayed exclusive acquisition talks after expressing her desire to exit Miraval and before later selling her stake to Stoli.

Jolie argued that the couple did not agree on the sale, while Pitt said she sold the house under his leadership, which she denies.

So they asked the court to block Julie-Story’s transactions, and now the shares at issue are placed in escrow as outsiders scrutinize the deals. Getty Images

Jolie also said in new legal filings Thursday that she and her family have not returned to the castle since 2016, days before she filed for divorce.

Meanwhile, the €1 problem remains.

Sources previously told The Washington Post that the Luxembourg proceedings would take a year to reach a verdict.

Jolie’s filing on Thursday also mentioned the “Maleficent” star’s Abuse allegations against Pittsaid in court documents that he wanted a confidentiality agreement because “while Pitt’s history of physical abuse of Jolie began long before the family’s plane trip from France to Los Angeles in September 2016, this time The flight marked the first time he also turned physical abuse toward the children. “Julie left him immediately afterwards,” and never returned to Miraval.

An insider close to Pitt and Jolie said her team was scratching their heads over his €1 legal strategy, wondering whether they paid the money and that it made no sense. Getty Images

A source close to Pitt told Page Six that in further court filings, Jolie “constantly attempts to distract from legal damages by providing irrelevant or inaccurate information.”

Pitt’s team has previously said that “non-disparagement clauses in contracts” are “completely standard” and the “Benjamin Button” star has previously said Dispute abuse allegations.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button