Sir Elton John fired staff after experiencing many financial difficulties | Instant News


Sir Elton John holds Benny and Jets at Mount Smart Stadium in Auckland.

David White / Stuff

Sir Elton John holds Benny and Jets at Mount Smart Stadium in Auckland.

Sir Elton John has taken a hefty $ 120 million financial blow after being forced to cancel 34 dates of his farewell tour in the US because of a coronavirus.

Based on Letters on Sundays, money from the tour will make John and his partner David Furnish retire. The couple is reported to have been left “lost”, even though John was worth around $ 716 million.

This cancellation also resulted in the layoffs of his supporting bands, including guitarist Davey Johnstone and drummer Nigel Olsson, until John could confirm whether the concert scheduled for later this year would be resumed.

Worst case, the remaining date will be pushed back until 2021 to ensure effective vaccines and treatment for COVID-19 are circulating.

READ MORE:
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* Elton John’s show in Auckland will go according to plan
* Australia’s wild weather cuts the Elton John show short

The staff who worked at John’s house for $ 39 million in Atlanta were made too much. The singer also owns property in France and the United Kingdom, and a $ 42 million cruise ship. John is also not afraid to spend his fortune – in 2000, he claimed to have spent nearly $ 60 million in just two years, including around $ 583,000 in interest alone.

So far, 34 concerts have been canceled or postponed. There are 48 dates from September to December which can also be influenced by the global pandemic.

John is also considering using a British government leave scheme to help pay staff salaries at his company, Rocket Entertainment.



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