NEWS

'Vanderpump Rules' Stars Mike and Scheana Shay's Divorce Finalized

by Desiree Murphy 9:35 AM PDT, April 29, 2017
Playing 'Vanderpump Rules' Stars Mike and Scheana Shay's Divorce Finalized

Scheana Shay has finalized her divorce.

The Vanderpump Rules star will now have to pay her ex-husband, Mike Shay, $50,000 to balance out their assets, ET confirms.

WATCH: Scheana Shay Opens Up About Sharing Husband’s ‘Difficult’ Addiction Struggles on TV

Scheana will keep a 2016 Ford Explorer ($49,000), a 2009 Nissan (worth $19,000), a bank account that has funds of $1,000 and a retirement account worth $31,000. In addition to the money Scheana is paying him, Mike is also keeping a 2005 GMC Sierra.

As ET previously reported, Scheana filed for divorce from Mike in Los Angeles last November, listing the date of separation as Nov. 9, 2016.

Both said in a statement that they've "come to an amicable decision on all matters."

"While we have made the difficult decision to move forward separately, our story will continue on through the love and mutual respect that we have cultivated throughout our 15-year friendship," the statement read. "Much of the recent speculation and reporting on our relationship has been misguided, and we have come to an amicable decision on all matters."

WATCH: Mike and Scheana Shay File for Divorce: 'Our Story Will Continue on Through Love'

"We might have failed at our marriage, but we are committed to succeeding as friends and will continue to support each other's personal happiness and professional success," the statement continued.

Hear more on their split in the video below.

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