Quote:
Originally posted by HBADPi
See thats what I thought too but we were discussing it at work and someone was telling me that his finances werent in that much trouble and how some of his celebrity friends like Trump had offered to help him out. I havent found anything that confirms that but I was wondering if anyone else had heard this too??
I too am hoping he'll have to sell his Beatles collection...
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I think the Beatles assets are worth about $500MM. They were used as collaterall in a loan by Banc of America which then sold that loan to a private equity firm. Last I heard, his debt was about half that.
I also wonder if anyone has securitized the revenue stream from those records, but I'll leave that geeking for some other point in time.
-Rudey