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Daily Record
Daily Record
Entertainment
Eve Beattie

The reason why Rod Stewart is selling LA home for £56million

Sir Rod Stewart is planning to sell his ornate £56 million LA mansion.

The European-style 33,000 square feet home boasts an impressive pool and a stunning outdoor seating area.

We recently reported on how the grounds also exhibit a five-a-side football pitch, emblazoned with the crest of Stewart’s beloved Celtic Football Club.

However, despite owning the grand abode, the LA residence hasn't been the Maggie May singer's main home for many years now.

In 2016, the London-born singer returned home to the UK with wife Penny Lancaster and their two sons - where he now lives in a £4million home in Essex.

Rod Stewart’s decision to put his Los Angeles home on sale is part of his effort to secure his legacy, sources say.

According to reports in Page Six., the musician has been knocked by the deaths of some of his dearest friends and family; which has reminded him that even rock legends aren’t immortal.

So it is no surprise he is getting his affairs in order, including putting his LA mansion up for sale.

Fans believed the biggest sign that he was returning to the UK for good was when he spent £68,000 shipping his enormous 124ft long model railroad — he objects to the term train set — which depicts an American city in the 1940s inspired by Manhattan, to Essex.

At the time, he told the Mail on Sunday: "I am moving my model railroad from America over to here."

The model, 100ft long and 23ft wife, is his pride and joy, built over a quarter of a century while touring.

The Celtic daft rocker bought his LA mansion for £10million dollars and is likely to make a healthy profit on the property.

Despite his move, the star will reportedly keep his Palm Beach home, where he - and his huge family - often spend Christmas.

And his LA home isn't the only thing Rod plans to list for sale.

The 78-year-old has been in talks to sell his catalogue of music - however, he has not yet found a buyer he is happy with.

Last week, Rod - who has sold more than 250 million records and has been inducted twice into the Rock and Roll Hall of Fame - pulled out of a two-year negotiation process with Hipgnosis Songs Capital, an investment company.

“It’s become abundantly clear after much time and due diligence that this was not the right company to manage my song catalogue, career or legacy,” he said.

Earlier this year, the star claimed - ahead of his tour of Australia - that “life could not be better” insisting that he was in no mood to join the “pipe and slippers club yet.”

And in the next few weeks, he will be embarking on the latest leg of his world tour in the UK, performing to some of his biggest crowds at arenas and on the grounds of stately homes, including Edinburgh Castle on July 6, accompanied by Boy George and Culture Club.

He’s also just brought out his own line of whisky claiming it depicted “the carefree behaviour of my more mischievous days and the excitement of what life still has to offer.”

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