Wednesday, April 18, 2007
Tours losing money!
Troubled British rocker Pete Doherty has reportedly lost over $39,000 (GBP20,000) on his UK tours. The Babyshambles frontman's firm Babyshambles Touring made a loss of $42,375 (GBP21,731) last year (06), according to accounts obtained by British newspaper Daily Mirror. Meanwhile, his other business, Babyshambles Limited only made a profit of $3,724 (GBP1,910). An accounting source says, "His accounts don't make pretty reading. To see someone with his talent unable to make any money is a waste. What money he has had has been spent on drugs." Doherty's financial state may have been influenced by the fact he has repeatedly failed to turn up to his own gigs, leaving fans having to sought refunds. Babyshambles were dumped by Rough Trade Records last year (06) after poor sales of their debut album Down In Albion. Doherty is hoping his next album under his new deal with Parlophone will be more successful.