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Elton John World News: Elton's Shopping While His Empire's Dropping

Elton's Shopping While His Empire's Dropping-- Posted by This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: The Daily Telegraph, Australia, 27 Jan 1998 p22

Wednesday 28 January 1998 @ 1:00 - GMT

Pop singer Elton John has been warned by Price Waterhouse that his multi-million dollar companies are in a cash crisis and their funds may dry up in eight weeks. PW has told John he can either stage some big shows, stage a private show for the Sultan of Brunei, arrange a new publishing deal or auction off some possessions to stave off a collapse.

 

Friends blame John's spending, including at Sotheby's and Christie's, for his financial woes. The four companies involved are William A. Bong, Happenstance, J Bondi and Big Pig Music; Diedre Stark.