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paulspendel
Hi Mathijs, why don't you call me and tell me in person why everything I write is bollocks? 06 518 44 396.
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paulspendel
Hi Mathijs, why don't you call me and tell me in person why everything I write is bollocks? 06 518 44 396.
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CooltopladyQuote
paulspendel
Hi Mathijs, why don't you call me and tell me in person why everything I write is bollocks? 06 518 44 396.
Dont waste your time with this guy. he has more BS than anybody on this board
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MathijsQuote
jloweQuote
paulspendel
It's legally impossible Brian's parents sold Brian's belongings in the nineties, as claimed by Mathijs. You need to understand UK law. Brian died in debth. His fater was very strict and took care that the lawyer of the estate (Clive Berger) paid everyone when the estate became positive in the early eigthies.So they couldn't keep any of Brian's belongings because they had to be sold directly after his death to try and clear his debts.Electrician Dave Hills told me he went to the official clearing of Cotchford in May 1970 in order to get his bills paid. However, the Taxman came first.
Thanks Paul for the clarification. Whilst Brian obviously left significant debts it seems strange that it took till the 80s for his debts to be cleared. You had his share of the significant record sales from the ABKCO years; the Estate's share of the 1972 settlement (I think Bill, Charlie and the BJ estate got equal amounts)and of course any recognition of his 20% stake in RS Ltd.
Oh, not forgetting (presumably) some income from the Moroccan album. Which I must listen to one of these days.
I do not understand the 'obviously'.
He was not in debt when he died. There was bills to be paid (he spend a 1000 pound a month on heating the pool), but he did not die in debt. His income was low in 1968 and 1969 due to not touring, as it was for Charlie and Bill. But all had sufficient funds to buy huge mansions and pay for it in cash.
Mathijs
Mathijs
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jlowe
To summarise: Brian died in debt. A substantial amount. Took over 10 years to pay off (through continued earnings /settlements ) Professional fees would eat into that of course.
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paulspendel
Hi Mathijs, why don't you call me and tell me in person why everything I write is bollocks? 06 518 44 396.
I already did tell you why its all bollocks.
Mathijs
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Swayed1967Quote
MathijsQuote
paulspendel
Hi Mathijs, why don't you call me and tell me in person why everything I write is bollocks? 06 518 44 396.
I already did tell you why its all bollocks.
Mathijs
Mathijs, perhaps you misunderstand. Paul is asking you to meet him in order to test his theory (Paul is a man of many theories…) that you would display a lot more politesse if faced with the prospect of an imminent thrashing. In short, he thinks you’re a punk and longs to beat the crap out of you.
I must say I never suspected he had such a violent streak but at the same time his approach is refreshingly unpretentious and manly. The question now is do you have the cajones or background in martial arts to defend your slanderous remarks. One hopes you at least give him the satisfaction of a phone call…but if he suggests going for a swim I’d hang up.
And what kind of freak would want to buy/wear BJ's purple trousers?
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Rockman
….nude mud wrestling
would be more fun for us all …
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Mathijs
I've done boxing for 15 years, and have taken it up last year again. Perhaps we could do 8 rounds!
Mathijs
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Rocky DijonQuote
Rockman
….nude mud wrestling
would be more fun for us all …
Oh no! Terry's been watching WOMEN IN LOVE again!
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Rockman
… I was finking more along da lines
of da nude mud stuff I watch on PornHub ……
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Rockman
… I was finking more along da lines
of da nude mud stuff I watch on PornHub ……
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jloweQuote
MathijsQuote
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paulspendel
It's legally impossible Brian's parents sold Brian's belongings in the nineties, as claimed by Mathijs. You need to understand UK law. Brian died in debth. His fater was very strict and took care that the lawyer of the estate (Clive Berger) paid everyone when the estate became positive in the early eigthies.So they couldn't keep any of Brian's belongings because they had to be sold directly after his death to try and clear his debts.Electrician Dave Hills told me he went to the official clearing of Cotchford in May 1970 in order to get his bills paid. However, the Taxman came first.
Thanks Paul for the clarification. Whilst Brian obviously left significant debts it seems strange that it took till the 80s for his debts to be cleared. You had his share of the significant record sales from the ABKCO years; the Estate's share of the 1972 settlement (I think Bill, Charlie and the BJ estate got equal amounts)and of course any recognition of his 20% stake in RS Ltd.
Oh, not forgetting (presumably) some income from the Moroccan album. Which I must listen to one of these days.
I do not understand the 'obviously'.
He was not in debt when he died. There was bills to be paid (he spend a 1000 pound a month on heating the pool), but he did not die in debt. His income was low in 1968 and 1969 due to not touring, as it was for Charlie and Bill. But all had sufficient funds to buy huge mansions and pay for it in cash.
Mathijs
Mathijs
Here is some FACTUAL information.
1. Brian's Estate was finally valued at £160k in debt with around £35k in assets. This was around May 1970. Ten months is not unusual for an Estate of this complexity. It also confirms an earlier comment by Paul S regarding the UK Accountants role. The Asset figure would probably be a valuation on Cotchford (less any mortgage). Add on any income from royalties in the period from July 1969. I believe Brian paid about £35k for the property (in 1968).
2. Using an Inflation calculator (UK) the debt figure quoted above would equal £2,512,000. So a lot of dosh/ debt by anyone's standards.
3. As Rocky says, the majority of debt would be tax and the realisation of this was one of the many factors in Klein getting the heave-ho mid 1970. Nonetheless, the individuals have some responsibility to chase their Business Manager re tax. This is covered in Bill's book of course. I suspect that 'boring Bill ' was the only one concerned about this and that actually Klein's rather cavalier attitude to such matters was one of his attractions, certainly to Mick and Keith in 1965. Eric Easton their first and much derided Manager was actually putting money away for them for future tax bill's into a UK Building Society!
3. In Prince Rupert's rather disappointing book he says he settled the tax issue with the UK authorities in 1977 for ' a sum substantially less than was originally demanded'. This doesnt surprise me. The likes of us pay our dues, the rich and very rich can just "negotiate" a figure.
4. Rocky sums up Klein's role very succinctly. As Manager he was concerned about the life of the band, probably with some justification. 5 years at best? Most bands break up anyway before then due to fall outs, never mind popularity or creative issues. So he concocted his 20 year payment plan. This gave him a substantial benefit of course (he got the record company advance to spend/ invest as he wished) whilst his clients were given less monies per annum than annual sales figures suggested they should receive. He wasnt completely short changing them, but assumed that even if they were outof the picture by 1970, earnings for past sales would continue till 1990 at least as per their contract. Also, and I find this somewhat ironic, the arrangement was meant to reduce individual tax liabilities. Of course, as pointed out, Klein was still obliged to find the monies for his clients major purchases, for example country and town houses (and some very impressive properties they were/are). It was their pocket money which was low, in relative terms
To summarise: Brian died in debt. A substantial amount. Took over 10 years to pay off (through continued earnings /settlements ) Professional fees would eat into that of course.
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swimtothemoon
If Brian came back to life and took a peek at this thread....I think he get back
in the pool.
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Rocky Dijon
No one cares and Brian's a cult figure. Understood. Thanks.
Bjornulf, please close this thread. No one cares, apparently.
In fact, you might as well close the entire site. It just doesn't matter any more. It's just a place for clowns and thought police.
It isn't only rock 'n' roll and you might not be allowed to like it.
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jlowe
To summarise: Brian died in debt. A substantial amount. Took over 10 years to pay off (through continued earnings /settlements ) Professional fees would eat into that of course.
Off course he was. The other members of the band were similarly in big trouble financially. Prince Rupert knew what he was talking about. His "merciless act" of sending them to France in 1971 was to work out a solution on how to deal with the huge amounts of tax they (and also late Brian) still had to pay.
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swimtothemoon
If Brian came back to life and took a peek at this thread....I think he get back
in the pool.