Lee Ryan becomes fourth – and final – Blue member to file for bankruptcy

Lee Ryan has become the fourth and final member of the boyband Blue to declare himself bankrupt. The 31-year-old, who reportedly once had a fortune of £10million, is believed to have been forced to declare his bankruptcy by a debt collection company, and will now have all of his assets frozen.

“Lee has tried to manage his financial commitments from over the years to the best of his abilities but ultimately concedes that bankruptcy is the best way forward in order for him to provide the best future for his children,” a representative for star said in a statement.

lee-ryan-
Lee Ryan has filed for bankruptcy

All four members of Blue have now declared themselves bankrupt. Duncan James was the first; he filed in September 2013, shortly after the band’s company Blueworld Ltd went into administration. He blamed his financial struggles on bad property investments.

“I always wanted to give my loved ones roofs over their heads and make sure they were taken care of, so that’s what I did,” Duncan said at the time. “Now I’ve had to sell the home I bought for my mum. And that’s been the most heartbreaking part for me. I so wanted to take care of her.”

Just a few weeks later, Simon Webbe declared himself bankrupt, quickly followed by Antony Costa.

“I wasn’t saving any of my money along the way and I had champagne taste with lemonade money in the end,” Antony said.

“I thought Blue was going to last forever and any money I did have left at the end of Blue, I wasn’t advised how to save it. But I don’t blame anyone for that.”

blue-

Blue (from left): Duncan James, Simon Webbe, Anthony Costa and Lee Ryan

Blue formed in 2000 and had more than 40 No 1 hits around the world, and sold 15 million records. Simon has previously stated that the band made £82million in its first three years, but “we hardly saw a penny of it“.

In May 2013, the band’s company Blueworld Ltd collapsed, with the quartet owing thousands of pounds to creditors.

Blue reformed in 2011 after a six-year hiatus – but announced last month that they would release future music independently after being dropped by Sony Music. Hitting out at negative press coverage, they wrote on Facebook: “Let the haters hate and in the meantime we are going to keep on doing what we love for everyone that enjoys Blue and what we stand for – our music.” – Hello

Related Posts
50 Cent arrested for saying motherf*****r
The rapper was performing in St Kitts in the Caribbean on Saturday June 25, when he was booked by police for using profanity during his set. TMZ reports that he ...
READ MORE
Katy Perry knocks Beyoncé off top spot, named highest earning female musician
Katy Perry has been named the highest earning female musician for 2015 with R1,8 billion, while Taylor Swift came in second with R1,1 billion. The 31-year-old star has topped Forbes' list, ...
READ MORE
MJ a sex-crazed predator: police reports
Police reports paint Michael Jackson as a "sex-crazed predator". A number of seized items taken from Michael's Neverland ranch in Santa Barbara County, California after he was accused of child sex ...
READ MORE
Kanye West, Damon Dash sued by music producer for lifting movie title
Washington - Kanye West and American entrepreneur Damon Dash have been sued by a member of a Latin musical group claiming that the duo ripped off their group's name. Loisaida, which is ...
READ MORE
Trey Songz arrested after police officer injured in Detroit onstage outburst
R'n'B singer Trey Songz has been arrested after allegedly damaging stage equipment at a concert in Detroit. The Can't Help But Wait hitmaker refused to end his show at the ...
READ MORE
Suge Knight accuses Dr Dre of hiring hitmen to kill him as Terry Carter murder trial looms
Death Row Records co-founder Suge Knight has reportedly filed a lawsuit against his former business partner Dr Dre. Knight, who is currently in jail awaiting trial for a murder charge, ...
READ MORE
Lionel Richie performs on the Pyramid stage at Worthy Farm in Somerset during the Glastonbury Festival in Britain, June 28, 2015.  REUTERS/Dylan Martinez
GLASTONBURY, ENGLAND - Lionel Ritchie led a 100,000-strong karaoke session on Sunday as Glastonbury festival-goers sang along to a string of hits including "Easy Like Sunday Morning" and "Dancing on ...
READ MORE
42 hurt when railing collapses at Snoop Dogg concert
CAMDEN, N.J. (AP) — Upcoming concerts will go on as scheduled at an amphitheater where a railing collapsed during a Snoop Dogg and Wiz Khalifa concert, injuring 42 people, promoters ...
READ MORE
Heartbroken Beyoncé held daughter Blue Ivy tightly following Donald Trump’s victory
Beyoncé and Jay Z are trying to come to terms with Hilary Clinton's loss to Donald Trump during the US presidential election. Being a strong supporter of Clinton, Queen Bey ...
READ MORE
Not happy at rapper’s gig with Woolies
Johannesburg - Human rights and Palestine solidarity organisation BDS South Africa will formally write to US hip-hop star Pharrell Williams and ask him to postpone his Woolworths collaboration until the ...
READ MORE
50 Cent arrested for saying motherf*****r
Katy Perry knocks Beyoncé off top spot, named
MJ a sex-crazed predator: police reports
Kanye West, Damon Dash sued by music producer
Trey Songz arrested after police officer injured in
Suge Knight accuses Dr Dre of hiring hitmen
Lionel Ritchie makes legend spot his own at
42 hurt when railing collapses at Snoop Dogg
Heartbroken Beyoncé held daughter Blue Ivy tightly following
Not happy at rapper’s gig with Woolies

Arts & Entertainment

Arts & Entertainment

Paris Jackson ‘wants to vomit’ seeing white actor as ‘King of Pop’

12th January 2017 Staff Reporter 0

Michael Jackson’s daughter Paris says she is “incredibly offended” by a new comic film in which a white British actor, Joseph Fiennes, portrays the late “King of Pop.” Paris Jackson, 18, also called the tongue-in-cheek […]