WOOD BEGGED BANDMATES FOR A LOAN

Last updated: Friday, July 6, 2007

WOOD BEGGED BANDMATES FOR A LOAN

ROLLING STONE hellraiser RONNIE WOOD was forced to borrow a staggering $500,000 (GBP250,000) from his bandmates when a business venture collapsed.

RONNIE WOOD

The rocker was lent the money by SIR MICK JAGGER and KEITH RICHARDS in 2004, on condition he paid it back out of future tour earnings.

A source tells British newspaper The Sun, "The 2005 Bigger Bang Tour came just in time for him. He'd had to borrow a serious chunk of cash from Mick and Keith to see him through."

Wood's financial struggles culminated in 2003 when his exclusive Harrington Club in London went bust just three years after it had opened. The business flop is estimated to have cost Wood $16 million (GBP8 million).

He said of the venture, "I'd never have recovered if I hadn't got out."

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Source: WENN

| Friday, July 6, 2007

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