Wood: My Ex-Manager Made Me Bankrupt

ROLLING STONES guitarist RON WOOD is furious he lost more than $15 million (GBP8 million) and was forced to declare his health spa/restaurant bankrupt because his ex-manager "didn't read the contract's small print".

The rock veteran and his wife JO WOOD fronted London's exclusive HARRINGTON CLUB - to compensate for Wood's lack of financial rewards from band THE FACES - but lost all their money after his former manager allowed the club's boss to "drain (Wood) of everything (he) had".

Wood complains, "I've only just got my head above water after the Harrington Club bulls***. I lost everything investing in what I thought was a harmless thing to do. I didn't know the bloke who was running it was using my ex-manager as a complete a**hole and using all my money and consequently draining me of everything I had.

"All my money had gone. It was pure oversight on my part because I put all my faith in my ex-manager, thinking that he had read the small print. If he said sign this I would sign it.

"What happened was suddenly one day he said to me, 'I f***ed up,' and I said, 'What do you mean? I lost eight million! A sorry would come in handy.' I've only just got my head above water recently after the FORTY LICKS tour."

12/07/2004 21:00

Contactmusic

Tags: Rolling Stones - Ron Wood - Jo Wood


Advertisement

Editors Recommendations

Contrary To Her Song Lyrics, Lana Del Rey Worked Her Way To The Top

Lana Del Rey is no stranger to vicious rumours, but she definitely did not...

Contrary To Her Song Lyrics, Lana Del Rey Worked Her Way To The Top

Weird Al Scores First U.S Number 1 With New Album

The album was released only one week ago and sold 103,000 copies to secure the top...

Weird Al Scores First U.S Number 1 With New Album

Peaches Geldof's Cause of Death Confirmed as Heroin Overdose

The second daughter of musician Bob Geldof, Peaches Geldof was thrust...

Peaches Geldof's Cause of Death Confirmed as Heroin Overdose

Robert Downey Jr.IS Iron Man... But For How Long?

You know who he is. Robert Downey Jr.’s involvement in the Iron Man franchise has been...

Robert Downey Jr.IS Iron Man... But For How Long?

Hercules Extended Trailer

Following his deadly ordeal of being put through the Twelve Labours by his father Zeus and his...

Hercules Trailer

Miley Cyrus Appears in Pharrell's New Video 'Come Get It Bae'

Cyrus also features on the track's vocals, and -perhaps most shockingly of all- resists...

Miley Cyrus Appears in Pharrell's New Video 'Come Get It Bae'
Advertisement

That Time Snoop Dogg Puffed Mary Jane at The White House

Snoop Dogg has joined Willie Nelson as weed-loving musicians who have smoked...

That Time Snoop Dogg Puffed Mary Jane at The White House

Gershwinner: Our Top 5 Billy Joel Songs

Billy Joel has long been regarded as one of music’s finest songwriters but it will soon be all more official...

Gershwinner: Our Top 5 Billy Joel Songs

Rob Reiner's 'And So It Goes' Is A Safe Bet At The Cinema This Weekend

Fresh from the critical and box office success of Behind The Candelabra, for...

Rob Reiner's 'And So It Goes' Is A Safe Bet At The Cinema This Weekend


More recommendations

Advertisement

Comments

Rolling Stones Newsletter

Subscribe to this news alert service to receive news and reviews on Rolling Stones

Unsubscribe | Unsubscribe All