Miley Cyrus admitted to media outlet X17 Online that she is saddened over her parents impending divorce and it’s rumored that her parents are “already bickering over how to handle their most valuable asset” which happens to be 17-year-old Miley who they co-manage.  An insider also stated, “This whole situation has hurt Miley’s relationship with her mother – she’s definitely going to side with her father.”

The Cyrus split is rumored to have been initiated by Tish’s extramarital affair with 47-year-old reality rocker Bret Michaels. Michaels and Miley released a duet “Nothing to Lose,” which is when according to Us Magazine, Tish and the rocker “soon began carrying on an on-the-sly romance”.

Michaels’ representatives state “There has never been an affair or a fling.”