Ozzy Osbourne on Why He is Giving Up Life on the Road

Hours after Ozzy Osbourne announced on Tuesday that his upcoming concert, No More Tours 2, is his final tour, he and his wife Sharon talked to ET’s Keltie Knight about why this show is really going to be his last.

“We’ve been touring for 50 years. I’ve never seen my kids grow up — I’ve never been around — and now I have grandchildren and I want to spend some time with them,” the Prince of Darkness explained. “I feel like a mouse on a wheel going around in circles.”

The couple said that their grandkids, Jack Osbourne’s newborn baby girl Minnie Theodora, daughters Pearl, 5, and Andy Rose, 2, are one of the major factors in Ozzy’s verdict to end his tour gigs.

“Pearl did her first nativity play at school and I was actually in England, and I’m like, this is insane because it’s history repeating itself. I missed all my kids’ things, Ozzy did too, and now we’re gonna miss everything with the grandkids,” Sharon shared. “You look back — and we’ve had an amazing life together, unbelievably gifted — but you give up something when you have this life. You give up friends. You give up memories of going to people’s weddings, birthdays, school events.”

“We have however long we’re on the last chapter here of this book, and we don’t want to miss anymore,” she continued.

Ozzy’s decision to give up his life on the road is going to be a big adjustment but it’s also a long-awaited development.

“Forty years we’ve been together and he has always had his suitcase open in the bedroom,” she said. “It’s his traveling bag that he takes with him everywhere and it’s always opened, half packed and I’m just like, ‘Let’s see that bag go.'”

Sharon said the plan wasn’t made overnight and she’s excited to have her husband home with her.

“This isn’t something that just happened. It was planned,” The Talk co-host said. “By the times he’s finished he’ll be 72 and it’s like, enough of the touring.”

“My biggest fear is to be found dead in a hotel room,” Ozzy added. “It’s just time to come home.”

“But I want people to understand I’m not retiring. I’m just not touring anymore,” the Black Sabbath frontman said. “I’m gonna be doing gigs in Vegas, festivals, but I’m not touring anymore… I’m not giving up music.”

According to Press-Telegram, Ozzy and his No More Tours 2 will officially kick off in Mexico in May followed by South America, Europe, and Russia before going back to the US later this year. He will be joined by guitarist Zakk Wylde, bassist Blasko, drummer Tommy Clufetos and keyboardist Adam Wakeman.

Tickets for the farewell tour will go on sale Feb. 17 via LiveNation.com.