London (ANI): English rocker Ronnie Wood has reportedly been spending about 10,000 pounds a week for his fun and frolic with Russian waitress Ekaterina Ivanova.

Wood, 61, who has been splashing his cash around on fast living, antiques and 20-year-old Ivanova, had crisis legal talks last week to find out how much a divorce might cost him. The way the aged rocker is spending his cash, as the rest of Britain battles the economic crunch, scares his estranged wife Jo that he is doing it to spite her, a friend of hers revealed.

"She is at the end of her tether with him, worried that soon he will have nothing left," the Sun quoted a pal of Jo's as saying. And she believes he is spending this money to spite her. Life is difficult enough without Ronnie putting pressure on their finances. He is like an infatuated teenager doing everything he can to impress his girlfriend. He relies heavily on the Stones to be on tour to make ends meet but they are off duty just now and things are tight," the pal added.

Wood gets paid only as a session musician when on tour, and despite claims that he has millions tucked away, his friends fear his funds are dwindling.