Babyshambles singer Pete Doherty - pictured clutching what we can only assume is someone else's award - is next to broke, apparently.
Of his two businesses, Babyshambles Touring and Babyshambles Limited, only one, the latter, has made a profit recently, to the tune of only (only?) £1,910. The former interest made a loss of a whopping £21,731. That's even more than what I owe to the bank and those student loan people. Oh, wait... it's not.
The Daily Mirror quotes a source: "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."
And Ribena and Curly Wurlys, if recent press is to be believed. Babyshambles' last album, Down In Albion, has so far shifted 100,000 copies; the next is forthcoming through Parlophone, although that same source added:
"He has signed a new record deal with Babyshambles and is said to have a big advance, but it will be interesting to to see where that money is this time next year."
In the tuck shop till, we reckon.
Hahahahaha.
Ha.
/
lol
Superb
Fucking looooooooooser.
I AM SHOCKED
Curly Wurly's aren't making a profit? There's your headline, music related or not.
As for Ribena, that'll teach the lying bastards - the only thing with less exposure to vitamin C than their swill is Pete Doherty.
doesn't it mean
he spent his money on Ribena and Curly Wurlys? not that Ribena/Curly Wurly arent making profits?
My hatred for Ribena
means I don't need to bother with basic, child-level comprehension of a sentence to slander their Vit C-free slosh. There is a whole generation of children force fed that filth on the basis that it was good for you and it ends up having more sugar than Pepsi. How this rant ended up on a Pete Doherty thread is another matter.
I have nothing but love for curly wurlys.
What kind of parents would force feed their children ribena for it's vitamin c?
Surely orange juice would do a better job.
Ps: ribena is nice.
this is
tres amusing.
JUNKIE IN 'SKINT' SHOCKER
HOLD THE FRONT PAGE!
Still
you'd think he'd have to be making money to splurge on drugs. Mebbe Miss Moss is covering the costs?
To be fair to him
that story tells nothing about his actual finances and if he is personally broke.
In any event, the vast majority of new companies fail to make a profit initially and many run at a loss for years before coming good.
It also makes no mention of his personal assets, the level of his shareholdings in the companies and any salary he has dirived from his directorships of them.
^ this
also, since they're both inevitably based off the same product, their primary purposes are likely to be to reduce the amount of tax paid, and the reduce liability in the event of something going horribly wrong.
Also, he's dating KATE MOSS. A freakin' MILLIONAIRE.
Doubt he struggles to get his grubby mitts on some cash.
What this report does mean
Is that either the Daily Mirror's or its "source" knows sod all about finance. The fact that the companies show little retained profit means diddly-squat in terms of how much money Pete Doherty as an individual has or might have taken out of the company. Since these accounts only show a balance sheet and no profit & loss account neither the Mirror nor the source can demonstrate how much money Mr Doherty has taken out of the company and into his own assets. Also the accounts were made up to 31 March 2006 and so are a year out of date.
He may well be broke but these accounts don't demonstrate that.
Sorry for being the boring accountant posting here!
With a name like
NewcastleBackFour I'm going to accept everything you say about any kind of deficit.
Funny then that one of the few men in the UK less talented than Doherty, Titus Bramble, is a millionaire.
Maybe he can buy the wanker a few cartons of blackcurrant juice and some chocs.
^truth^
that's good!
more crack for all!
Poor pete
Ha ha... Titus Bramble. Come on though, Pete touches a lot of people with his music and heart. Don't compare him to Newcastle's defence, nor mock him. Drugs'll do bad things to people. I don't suppose anyone here has ever tried drugs? Oh no no no.
Also, was anyone seriously considering the credentials of a Daily Mirror story?! Poorly devised and researched even for the Mirror.
"Talent"?
What "talent"? Who's the talent? What's the talent? Getting nasty looking facial sores? I haven't got that talent. It could be a talent. It's a talent I don't want. He can keep it. Nice talent.
it's odd
because I bought a curly wurly the other day for the first time in ten years.
maybe it's clever advertising..yknow get a junkie to sell choclate..ok yeah sorry.
who cares?
he's an effing junkie loser - over-rated and over-sold.
eh?
Over-rated by whom?
By students in pork pie and straw hats!
!
Who Cares
He's a Talentless Cunt, who's had to fuck a supermodel or rob a house or do drugs to remind us that he actually exists.
Motley Crue did it with more style
word
to that
For the record...
I've worked on a national tabloid, and whenever an article quotes "a source", "a pal", "an insider" etc - it is always made up by the person writing the article.
Don't trust the Daily Mirror.
not for long...
...allegedly he's getting a joint bank account with Miss Moss...