Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

Pete Doherty 'broke'

Pete Doherty is reportedly ''completely broke'' and having to rent a ''squalid'' flat to save money.
Great deals on musical instruments

Pete Doherty is "completely broke".

The Babyshambles rocker - who has a history of drug addiction - has reportedly been forced to rent a flat in Camden, north London, to save money, while performing low-key acoustic shows nearby in a bid to generate more cash.

A source told The Sun newspaper: "Pete is completely broke. He's found this squalid pad and he's doing shows for any cash landlords will offer."

However, Pete's money troubles may be shortlived.

The rocker recently admitted he will use his share of the £1.2 million he will receive for his former band The Libertines' comeback shows at the Reading and Leeds festivals to pay his tax bill.

Pete - who was kicked out of the group in 2004 because of his drug use, causing them to disband shortly afterwards - said: "What's appealing about the money is what's left after tax obviously. Which turns out is just enough to pay last year's bill."

This is not the first time Pete has had money troubles.

He revealed two years ago he was holding emergency meetings with his band to find out where their cash was going.

He said at the time: "I've got a few concerns at the moment over issues with management - where the money has been going and distribution of wealth. Babyshambles need to sit down as a band and talk about the future. After two years of a***ing about, we could actually make money out of this job."

Posted on 18 May 2010 10:00 to category : Music News

Related Music News

thumbnail

With the advent of various new files formats and the cancelling of several licensing programs, the MP3 is speculated to soon become a thing of the past.

17 May 2017 12:40
thumbnail

JBL Professional has launched a competition that gives aspiring musician the opportunity to record in a professional facility with renowned producer Steve Levine.

8 May 2017 14:48
thumbnail

Delivered by Choreographer and Theater Director Arlene Phillips, The Bacc For the Future campaign has acquired support of over 100 hundred influential figures

28 Mar 2017 12:28
thumbnail

On the 22nd of April, Pink Floyd will be releasing an unheard version of the iconic classic 'Interstellar Overdrive' in celebration of world record day

23 Mar 2017 15:29
thumbnail

With an increased quality of specifications right across the board, Apple's eponymous 'iPad' will host a whole generous selection of great new features.

22 Mar 2017 15:09
thumbnail

Supported by the likes of Ed Sheeran, Royal Blood, Wolf Alice and many more, Fanfair Alliances new educational guide is available for free download online.

21 Mar 2017 15:25

Recent Music News

thumbnail

The latest addition to the illustrious range of Katana Amplifiers, the Katana-Mini guitar amplifier brings classic BOSS tone in a portable and lightweight design

23 Jun 2017 10:23
thumbnail

Today's second pedal release from BOSS for Roland's 'Future Redesigned' campaign, the MD-500 is the latest comprehensive workhorse for the modern musician.

23 Jun 2017 09:49
thumbnail

The most advanced reverb pedal to come from BOSS to date, the RV-500 pedal promises a wealth of tone shaping options and professional grade versatility

23 Jun 2017 09:14
thumbnail

Using the feedback from the guitar player community Walrus Audio has devised a new and improved pedal that eliminates the pitfalls of its predecessor.

22 Jun 2017 16:09
thumbnail

After the release of the Hall of Fame 2 and Pipeline Tap Tremolo Pedals, TC Electronic's Flashback 2 promises for unprecedented expression and otherworldly tone.

21 Jun 2017 15:29
thumbnail

Looking to get that perfect take? M-Audio's M-Track 2X2 Vocal Studio Pro gives you professional standard recording capabilities in a robust and compact format.

20 Jun 2017 15:01