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Elton John World News: For Sir Elton, Yellow Brick Road No Longer Paved With Gold

For Sir Elton, Yellow Brick Road No Longer Paved With Gold-- Posted by This email address is being protected from spambots. You need JavaScript enabled to view it.

Thursday 29 January 1998 @ 1:00 - GMT

The Canberra Times 28 Jan 1998 p6.

 

Price Waterhouse in England, which acts as the accountant of the entertainer, Elton John, has written to John's management company, John Reid Enterprises, warning of a cash flow crisis for John.

 

The letter says that "cashflow projections show available headroom running out by substantial sums" in April, 1998. The information has been leaked by "a senior member of Elton's circle".

 

Some of John's expenditures include $A12,000 per week to maintain his $A5 million fleet of cars, a monthly credit card bill of $A110,000, $A850,000 spent on interior design. He has spent up to $A1 million in a single day and his weekly spending amounts to $A650,000; Dan Glaister, The Guardian; photograph, Elton John.