Elton John Takes $75m Hit Because of Coronavirus

Lawrence Kim
June 2, 2020

Elton John has reportedly been left "bereft" after taking a significant $75 million (£60 million) hit after coronavirus forced him to cancel his farewell tour.

Shelving the tour has also meant that the star has had to lay off members of his band - including guitarist Davey Johnstone and drummer Nigel Olsson who have both worked with Elton since the early 1970s - until touring can resume.

Worst case, the remaining dates will be pushed back until 2021 to ensure vaccines and effective treatments for COVID-19 are in circulation.

Some of the superstar's domestic staff at his home in Atlanta, Georgia have also been told their services will not be required. John isn't afraid of spending his wealth either - in 2000, he admitted to spending almost $60m in just under two years, including around $583,000 on flowers alone. And it becomes increasingly likely that all 48 concerts scheduled from September to December will be cancelled.

John is also considering using the United Kingdom government's furlough scheme to help pay staff salaries at his company, Rocket Entertainment.

John already bumped concerts set for March 26 to July 8 - including two each in Toronto and Montreal - to next year, extending a tour that was due to end in February.

British singer and composer Elton John has fired his musicians. That revenue has literally disappeared overnight.

Other reports by Click Lancashire

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