Thoughts on Mick's New Book

[nicole21290]

Originally Posted by michelej1

Mick was talking about THEN. The band was idle from 1982-1987 and he had no other income coming in but he said after he declared bankruptcy, he was able to stay comfortable from the royalties and most people didn't even know he had hit rock bottom, because his lifestyle didn't look that bad.

Michele

"By 1984 I had to file for bankruptcy for the second time and though I knew things weren’t on the up, it still came as a surprise. I’d hired a young, eager business manager who had a ‘live for now’ strategy which of course was fine for me, but didn’t seem to plan enough for the future. Then somehow it all fell apart. I was forced to sell the Blue Whale as well as all of my cars and my recording equipment. I lost Sara in the process: she moved out, broke it off with me and went back to work in the ‘real world’, because I couldn’t support her. Meanwhile I moved into a house with Richard Dashut and laboured to put my life back in order. Thankfully no matter how dire things seemed, I was never in danger of being completely on the street. I was grateful to always have the royalty income stream from Fleetwood Mac to keep me afloat. That is essentially how I settled all of my financial problems. At first that left me little else to get by on, but eventually it caught up and the monies I received from record sales of the catalogue enabled me to be comfortable. Cosmetically most people never even realised that I’d gone broke, not once but twice, because the thing I’d devoted my life to developing had served to save me."