Grant Rogan, 63, pictured outside London's High Court. He is facing jail after missing maintenance payments to his ex-wife Sarah Rogan
A judge has told a financier that he is a 'hair's breadth' away from prison unless he coughs up tens of thousands of pounds of owed alimony to his ex-wife.
On Friday, Mr Justice Holman concluded that founder of the Blenheim Capital Group, Grant Rogan, was in contempt of court because he had failed to hand £55,000 alimony to Sarah Rogan.
In the wake of the judge's ruling, Mr Rogan said he would pay the money he owed, plus more than £50,000 in costs that Ms Rogan had run up on lawyers, by the end of January.
The judge adjourned sentencing and said Mr Rogan would face jail if he did not stick to the terms of that agreement.
He said he would review the case in March and said Mr Rogan was a 'hair's breadth' away from going to prison.
Mr Justice Holman had analysed evidence at public trial in the Family Division of the High Court in London after Ms Rogan took legal action.
Ms Rogan, 44, who lives near Oxford, argued that Mr Rogan has 'wilfully' refused to pay alimony he owed and had asked Mr Justice Holman to impose a prison sentence.
Mr Rogan, 63, who has remarried and also lives near Oxford, told the judge that he could not afford to pay.
The judge had been told how Mr and Ms Rogan had married in 2002, separated in 2012 and divorced in 2014.
Sarah Rogan (pictured), 44, claims not to have received the £8,000 per month maintenance she agreed with her ex-husband Grant Rogan in 2014. Alongside that he agreed to pay a £5m lump sum and £1,000 a month in child maintenance
Mr Rogan had subsequently agreed to pay Ms Rogan, who was Mr Rogan's second wife, £5 million in instalments four years ago.
He also agreed to hand over £8,000 a month alimony pending the full payment of the £5 million. A judge had approved the agreement and ordered Mr Rogan to pay.
This is while Ms Rogan claims she is owed more than £2 million in total. She said that figure included more than £60,000 in alimony which Mr Rogan could afford to pay.
Ms Rogan said she did not want Mr Rogan to be jailed but had taken legal action in the hope of coercing him into paying up.
Mr Justice Holman concluded that Mr Rogan had the means to pay £55,000 alimony, a debt dating back to November 2017, but had prioritised other spending.
It was revealed that over the past 10 months, more than £400,000 had passed through Mr Rogan's bank account - an average of more that £40,000 a month.
The £4.5m Oxfordshire home of divorced financier Grant Rogan. Despite living in this opulent property, the court heard that Mr Rogan had been unable to make £8,000 a month maintenance payments to his ex-wife
During that time Mr Rogan had spent: £72,000 on two wedding celebrations, one in England and one in Morocco, for him and his third wife; more than £1,700 on pet care and insurance, more than £4,000 on pubs and restaurants, about £2,700 on two holidays in France and more than £11,000 on a gardener.
The judge heard that Mr Rogan lived at Larkstoke Manor near Wallingford, Oxfordshire.
He had paid more than £4 million for the property - which had six bedrooms, five reception rooms, a tennis court, a swimming pool and 24 acres of land - in 2015.
In 2014, Mr Rogan agreed to pay his ex a £5m lump sum, plus £8,000 a month in maintenance and £1,000 a month in child maintenance. But she claims he has been unable to pay the maintenance despite living in a £4.5m home (pictured)
Mr Rogan, who was born in the U.S, had told the judge that friends were lending him money.
He indicated that he had 'no income' and was trying to 'stay alive'.
'I am not trying to shirk my debt obligations,' he said.
Mr Justice Holman said Mr Rogan's business involved 'inter-governmental offsets' and was 'complex'
'It's a question of a balancing act and that's all it is. It's not wilful.'
Mr Rogan said he was hoping to raise money and told how deals involving governments in Malaysia and Congo were in the pipeline.
He said press reporting of the case following an earlier hearing had done 'tremendous damage' to his 'ability to solve the problem'.
Mr Justice Holman said Mr Rogan's business involved 'inter-governmental offsets' and was 'complex'.
The High Court hearing continues.
The court heard that despite a consistently high level of income since November 1, 2018 Mr Rogan has still not made any payments of spousal maintenance to Mrs Rogan since October 2017 - despite living in a £4.5m home (pictured)
Link textbacklinkexchanges.com
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News Pictures Judge tells financier, 63, he faces jail unless he pays his ex-wife £55,000
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