Axl's financial situation forcing CD a posibility?

[sergejg]

I was just wondering if Axl is so rich to the point that he will never in his life need to work again for money as a musician or is there a way that he spends all his cash and is forced to release CD to get some money just like happened with Pink Floyd and the WALL.

[nesquick]

I suppose money is not a problem for W.Axl.Rose. Don't worry for him, he is one of the most successfull Rockstar ever, he earned a lot of money.

[bolton]

I suppose money is not a problem for W.Axl.Rose. Don't worry for him, he is one of the most successfull Rockstar ever, he earned a lot of money.

Yes,it's true

[Dave_Rose]

and he'll earn a lot more money from the new tour and the new album when it happens or if

[HoldenCaulfield]

He's definitely wealthy enough to live a great life from here on out, but I definitely don't see money being an issue with this album. I mean, Interscope obviously has the faith that their $14 million dollar investmen will end up paying off...

[Tied-Up]

He put most of his money in savings rather than spend it frivolously the way many rock stars (and rap stars ... Hammertime) do.  If you go back and read some of his interviews when he talks about money, he has stressed the need to have a sense of security, rather than spending...

 

[killingvector]

I think it will if he decides to shelve it. I am not sure he has $14 million in liquidity to pay off the label's expenses plus lost earnings if they decide to sue. Add in Slash and Duff's lawsuit which must be worth tens of millions and Axl has some financial woes.

[Acquiesce]

I was just wondering if Axl is so rich to the point that he will never in his life need to work again for money as a musician or is there a way that he spends all his cash and is forced to release CD to get some money just like happened with Pink Floyd and the WALL.

That's not what happened with Pink Floyd and The Wall. They lost money putting on shows for the Wall.

Somehow I think Axl is smart enough to make sure CD won't bankrupt him. If it is a forced release it will be through the hands of Geffen if possible.

[takeshi]

We can't even be sure if Axl would be liable for the costs of producing CD if it was shelved.  Did Brian Wilson have to pay for the recording of Smile when he dropped that for 37 years?

[nesquick]

I think it will if he decides to shelve it. I am not sure he has $14 million in liquidity to pay off the label's expenses plus lost earnings if they decide to sue. Add in Slash and Duff's lawsuit which must be worth tens of millions and Axl has some financial woes.

I think he has more money than you think. I think He has more than 15 or 20 million $$. I don't know how much but he has more. 85 million record sold + a 2years and a half stadium world Tour of 50 60 or 70.000 people make a lot of money...

[killingvector]

I think it will if he decides to shelve it. I am not sure he has $14 million in liquidity to pay off the label's expenses plus lost earnings if they decide to sue. Add in Slash and Duff's lawsuit which must be worth tens of millions and Axl has some financial woes.

I think he has more money than you think. I think He has more than 15 or 20 million $$. I don't know how much but he has more. 85 million record sold + a 2years and a half stadium world Tour of 50 60 or 70.000 people make a lot of money...

The label could sue him for monies lost by not releasing CD, possible record sales, and/or breach of contract if he owes another album. 

I'm sure axl is worth more than $20 million; the question is whether these assets are liquid or not. They maybe tied up in long term investments that are not immediately useable.  He may have to start selling off assets to pay off these judgements, such as his house for starters. Doesn't mean he doesn't have the net worth, but not the liquid assets to pay off the judgment.

[sergejg]

Does the contract for CD includes any deadline? or they could sue him whenever they consider enough time has passed?