Monday, July 25, 2005

Britney Spears In Debt?

Broke Britney’s $6.5m Loan
From New Weekly

Britney Spears and hubby Kevin Federline have taken out a $6.5 million loan, sparking speculation that the big spenders are facing a serious cash crunch.

Insiders say the couple have been burning through the pop star’s bank account at a reckless rate, doling out the money on expensive holidays, fancy cars and private jets.

“She’s earned millions over the years, but the problem is that cash is flowing out of her bank account like never before,” admits a friend. “Since Britney’s been with Kevin, it’s been spend, spend, spend.”

Although pregnant Britney is a multimillionaire, much of her wealth is tied up in real estate.

Meanwhile, they are in the midst of refurbishing their eight-bedroom Malibu mansion, while living it up in $4000-a-night hotel suites in LA.

Insiders fear the Toxic singer has no idea how to stick to a budget and, despite plans to be a stay-at-home mum, will be forced to start work on a new album to earn some income.

Now six months pregnant, Brit plans to sign endorsements to attract some much-needed cash, and may even sell off the first pictures of her newborn baby.

Source: New Weekly

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For Britney Spears photos visit Spicy Celebrities
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