Madonna and Guy 'happy' with deal

The couple were granted a divorce at the High Court in November

Madonna and Guy Ritchie are both "happy" with their divorce agreement, they have said in a joint statement issued by Ritchie's publicist.

But an earlier statement released to the press suggesting the singer paid Ritchie £50m was "misleading and inaccurate", they added.

The Associated Press news agency had quoted Madonna's US spokeswoman Liz Rosenberg on Monday.

The new statement said settlement details would "remain private".

Ms Rosenberg had told AP on Monday that Ritchie had been given £50-£60m ($76m-$92m) and that the figure included the value of the couple's Ashcombe House estate, on the Wiltshire/Dorset border.

Custody of the couple's children had yet to be worked out, she added.

A misleading and inaccurate statement, specifically in relation to the sums of money involved, was wrongly issued to AP this week Joint statement issued on Wednesday

She told AP: "I'd assume it's one of the largest payouts ever in a divorce."

But in the new statement released by Ritchie's representatives on Wednesday, the couple said: "We have tried to maintain a dignified silence regarding the details of our divorce for the last few months whilst accepting the obvious media interest.

"A misleading and inaccurate statement, specifically in relation to the sums of money involved, was wrongly issued to AP this week.

"The financial details of the settlement will remain private, save to say that both of us are happy with our agreement."

Their primary concern was "the care and wellbeing of our children", it added.

A London representative of Madonna confirmed to BBC news that it was a joint statement.

'Unreasonable behaviour'

The couple were granted a divorce at the High Court in London at the end of November.

Madonna's Sticky and Sweet tour is due to end in Brazil on Sunday

Ritchie had told the Daily Mirror that a discussion over the terms of their divorce was "never, ever about money".

"It dragged on much too long and that had nothing to do with me. But it was never, ever about money," he was said to have told the newspaper.

The decree nisi was granted just a month after the couple, who were married at Skibo Castle in Scotland in December 2000, declared their marriage was over.

The pop star had petitioned for divorce on the grounds of Ritchie's unreasonable behaviour.

At that time, it was reported that they had agreed to share custody of their two sons - three-year-old adopted David Banda and Rocco, eight.

It was also reported that Madonna's daughter from a previous relationship, 12-year-old Lourdes, would stay with the singer.

Madonna is currently in Brazil on her Sticky and Sweet tour, which is due to come to an end in Sao Paolo on Sunday.