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Sylvester Stallone is back on the market after his wife of 25 years, Jennifer Flavin filed for divorce.

According to PEOPLE, Flavin, 54, filed a petition “for dissolution of marriage and other relief” from the Rocky star on Friday in Palm Beach County, Florida.

In court documents, obtained by PEOPLE, Flavin accused Stallone of intentionally selling off marital assets, including a Beverly Hills mansion that was recently snapped up by British pop singer Adele for $58 million.

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The filing, obtained by PEOPLE, states that “the marriage between the parties is irretrievably broken,” and alleges that “upon information and belief,” Stallone “has engaged in the intentional dissipation, depletion and/or waste of marital assets which has had an adverse economic impact on the marital estate.”

Rumors ran rampant this week that their marriage was on the rocks after Stallone, 76, covered up a huge tattoo of Flavin on his right shoulder.

Stallone covered the tattoo with an image of his beloved late dog, Butkus, who starred with him in the Rocky film. The actor is pictured with his dog, Dwight, in an Instagram photo gallery (swipe left).

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Stallone’s rep initially denied rumors that his marriage was over.

“Mr. Stallone intended to refresh the tattoo image of his wife Jennifer; however, the results were unsatisfactory and, unfortunately, unfixable,” Stallone’s publicist Michelle Bega told the Daily Mail.

She continued, “Mr. Stallone loves his family. The Stallones are presently filming a reality show together which will debut on Paramount+.”

The last sentence hints that the divorce filing is a stunt to promote their reality TV show.