Madonna has settled with ex-husband Guy Ritchie for at least $76 million in cash and assets, according to her spokeswoman Liz Rosenberg.

The divorce payout, which Rosenberg said is somewhere in the range of $76 to $92 million, is considered by some to be a record for a man from his ex-wife.

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The payout includes the couple's country estate Ashcombe House in Wiltshire, as well as a cash lump sum thought to be at much as $53 million.

Rosenberg said the couple's west London pub -- the Punchbowl -- would also remain with Ritchie.

But U.K.-based entertainment lawyer Ambi Sitham said it made sense for Madonna to divest herself of her British property.

"She's got no interest in remaining here," Sitham said. "She's relocating and moving back to New York. It's money she's already paid out -- what is she going to do, try to sell the houses in a flagging market?"

Rosenberg adds that while the financial component of the settlement has been worked out, custodial arrangements for the couple's children — Rocco, 8, and David, 3 — have yet to be finalized.

Madonna's daughter from a previous relationship, Lourdes, 12, will stay with her mother.

A representative for Ritchie, 40, declined to comment.

The couple, who were married for eight years, were granted a preliminary divorce last month. The two publicly announced their split in October amid rumors linking Madonna to New York Yankee Alex Rodriguez.

Rodriguez has publicly denied any romantic link to the star, classifying their relationship as nothing more than a mere friendship.

Madonna, 50, boasts an estimated worth of over $450 million. Ritchie, a successful film director whose credits include "Lock Stock and Two Smoking Barrels" and "Snatch," is worth about one-tenth of that.

Several British papers reported a similar divorce deal nearly two months ago, but Rosenberg declined to comment at the time.

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The Associated Press contributed to this report.