Slash:"Axl burnt more than gnr ever earned"

[St.heathen]

One thing you have to remember is that the one thing they do all still have in common, is that they all absoloutley loved GN'R and what it was they had created.  

I don't blame Axl for still working with the name and  i don't blame Slash and Duff for feeling pissed off about it all.  Now that they have all sobered up, they can probably see things clearer in the terms, like what an impact they had achieved together, i'm sure if they could leave the ego's behind and all met up, it wouldn't be as bad as it might have been a few years ago.

As far as money is concerned I'm sure Slash is speaking honestly, i doubt any of them are struggling, they don't have to worry or work.  But he's probably just saying that it's no as much as we would perhaps think.

Record company bosses are money people alright,  they won't lose a penny they don't want to.  Business' especially the Media business, im sure would use muscle before losing millions.

We would have seen these DVD's and GH along time ago if it was that bad.  They are probably hoping it would just stir things with Axl and that he  would  be motivated to finally release  CD.     Can't blame them though, it's been sometime.

[Izzy]

Axl in debt?  

If Axl needed money he would release Chinese Democracy - a broke man doesn't sit on a pot of gold like that for 10 years.......a broke man doesn't hire a zillion other musicians to work with him

Didn't he go buy some junk for 5 grand just the other week?

He has sold 60 million albums + merchandise + money from the tours

He is minted.

[phaseONE]

what if axls " pot of gold " turns out to be a crock of shit?

career terminated.

flat line __________________ _ _ ....._______________

[John Daniels]

I don't buy 100 million for 1 second, there's just no way.

neither do I.


they did spend a lot of money, yhat's true..

Matt sayed that they did spend like 100,000 dollars for partying per day

and Izzy sayed that the canelled shows costed a little fortune to the band...because Axl didn't show up. That was one of the reasons Izzy left the band.

[AdZ]

As far as what the videos cost....   the band doesn't pay for the video... the record company does.

GnR funded Novembe Rain themselves..

[Dizzy]

and Izzy sayed that the canelled shows costed a little fortune to the band...because Axl didn't show up. That was one of the reasons Izzy left the band.

Yeah, Izzy also was pissed off because Axl's tardiness was costing the band hundreds of thousands of dollars in curfew violation fees.  Tom Zutaut said an in interview that Izzy finally had it and stormed over to Axl's house and said that the fees should be charged to him if he insisted on going onstage late.

[Insomnis]

[Captain P?l]

axl is rich... he got his won Dune-Buggy in the backyard.... damn...    

[Smoke]

Axl is not in Debt at all.  He hasn't been doing anything for a long ass time and I know if he is smart enough to make a decision like buying the rights to the name of guns n roses then I know he has been investing his money.  His portfolio is doing quite well.  I won't buy that he is broke/in debt or whatever.  

[Captain P?l]

As far as what the videos cost....   the band doesn't pay for the video... the record company does.

GnR funded Novembe Rain themselves..

i dont know if i believe that... axl said that he always wanted to play with a orchestra, but no way he could afford it. so he was really glad they made a video with one in it.... not so sure about them paying it... i dont think they said it dureing the Making Off november Rian either..

[badgirl]

yeah, you can be certain that Axl has invested his money and has augmented this wealth that way. That's what they all do.

[jellyhead]

Not to defend Slash but what i understand from his comments is that by the time of the end of the Illusions gigs in 1993 that band were breaking even, not making the huge profit that everyone assumed.

I think Slash is trying to say that they could have made more than they did if Axl hadn't been so extravagant.

[Butch Français]

and Izzy sayed that the canelled shows costed a little fortune to the band...because Axl didn't show up. That was one of the reasons Izzy left the band.

Yeah, Izzy also was pissed off because Axl's tardiness was costing the band hundreds of thousands of dollars in curfew violation fees.  Tom Zutaut said an in interview that Izzy finally had it and stormed over to Axl's house and said that the fees should be charged to him if he insisted on going onstage late.

exacly! that's probably why Slash once said that he didn't make any money from the UYI tour as well.

they had to break the curfew all the time and ended up paying huge violation fees, all because of Axl.
and there were other legal stuff caused by Axl as well.

Slash did absolutely not lie here, maybe exaggerate a bit, but not lie.

this does not mean the guys are broke though, cos I seriously doubt they are! they still get royalties and stuff.

[Crowebar]

This shows the bands overall net worth and not their individual net worth.

When I heard what I heard, it was Axl's estimated individual net worth.

Believe it or not, that's what I heard. $100,000,000.00

[Izzy]

One day...one day i will find out where u lot get ur quotes and pictures and all the rest! U can't keep them from me forever!!

[privatereserve]

Anyone here see Axls house?  Enough said.

[darknemus]

Anyone here see Axls house?  Enough said.

The same house that can't be cheap to maintain.  You've got property taxes, staff to pay for, maintenance to deal with, etc, etc.  If you add into that the question of where the other band members current salaries are coming from and the sheer concept that the more wealthy you are, the more your expenses increase - it is certainly not out of the realm of possibility that Axl might have some financial issues.

Now do I think the guy's gonna be standing on a street corner with a "Will sing for food" sign anytime soon?  No - but I certainly can see a situation where he might currently have more money going out per month than is coming in.  When you've got X million in savings, that's not a major issue - but it can eventually snowball into one.

Of course, all of this is said with absolutely no knowledge of his investments, how much he was hit by the dot-com bomb of the late 90's, what type of royalty agreements exist.. is he picking up 3 cents everytime WTTJ is played at a sporting event?  What percentage of the current DVD sales go into his pocket, etc, etc.  

As weird as this may sound - having money costs money.

-darknemus
 

[Gunner80]

I read in some earnings mag that Axl was worth 80,000,000. Of course that was way back in '99

[Dizzy]

but what i understand from his comments is that by the time of the end of the Illusions gigs in 1993 that band were breaking even, not making the huge profit that everyone assumed.

I think Slash is trying to say that they could have made more than they did if Axl hadn't been so extravagant.

Exactly.   Due to the cost of  a band's live show and touring, bands have to really collect royalties (from merchandise, etc) to make money off touring.  And with all of the excess on parties and shit, combined with Axl's tardies, no-shows, not to mention the riots and Axl's legal troubles, that would've easily offset their earnings.

I don't think Slash at all insinuated that Axl was "broke" right now.

[CokeAddict]

I don't think Slash at all insinuated that Axl was "broke" right now.

Exactly.  In the context of the interview, he was saying that he (Slash) was not as wealthy from GNR as people think because of Axl's spending for the band.  And with all the times Axl was late, the big videos, etc, he's probably right.

However, he should take some blame himself, instead of the "i'm another poor victim of axl" line.  I would guess that he blew a lot on drugs (didn't Mick Fleetwood blow like $10 million on drugs?), and probably didn't save/invest very well.  While Slash seems like an amiable, laid back guy, he doesn't strike me as the most intelligent guy, or much of a future planner.  Just my opinion.