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Shopaholic Elton Faces Cash Crisis
Posted by editor

ABIX (Australian news abstracts)

Wednesday 28
January 1998 @ 1:00

Elton John acknowledges that he is reckless with money, but unless he makes some quick changes to his spending habits, his businesses will be unfinancial by the end of March, 1998.


A letter from Price Waterhouse to John, which has been leaked to the British press, warns John that his businesses are in serious trouble and suggests four methods of averting the crisis.


In the five years to 1996 John earnt $A164 million, but a friend revealed that he has watched John spend over $A1 million on luxuries in a space of 24 hours; photograph, Elton John.