Sylvester Stallone and his wife Jennifer Flavin file for divorce after 25 years marriage

After 25 years of marriage, Sylvester Stallone and his wife are going their separate ways.

The New York Post's Page Six has obtained court documents revealing Jennifer Flavin has filed paperwork to end her marriage with the Rocky star.

The 54-year-old model filed for divorce, claiming the marriage is "irretrievably broken" and has requested the couple's shared assets are "equitably distributed" between them.

The gossip page also reported Flavin's request to be "compensated and made whole" by receiving more money than her husband in the separation.

Flavin listed the reason for her request is because Stallone has negatively affected the "marital estate" after engaging "in the intentional dissipation, deplete and/or waste of marital assets".

Page Six reported Flavin has requested exclusive use of their Palm Beach home in Florida, suggesting that Stallone resides in their California home.

The Rambo actor responded to the filing by telling the publication: "I love my family. We are amicably and privately addressing these personal issues."

Stallone and Flavin married in May 1997 after 10 years of dating.

The couple share three daughters together, Sophia, 25, Sistine, 24, and Scarlet, 20.