According to new information, Britney Spears’s father took out a loan of $ 40,000 in 2008, before he took custody of Britney. Jamie Spears borrowed money from business manager Lou Taylor’s Tri Star Sports & Entertainment Group around the time his pop star daughter was taken to a psychiatric hospital for treatment, according to The New York Times.
A few days after taking out the loan, Jamie filed a lawsuit in a California court over the management of his property, saying the singer had a shaky psyche and could not manage the property alone. Jamie was also seeking financial compensation for helping Britney. The judge granted the request, and Jamie Spears hired Tri Star Sports & Entertainment Group as British estate manager the following year. It is still unknown why Jamie Spears needed a $ 40,000 loan.
According to the information, Jamie Spears received $ 6 million during the 13 years of guardianship of the singer. Matthew Rosengart, a British lawyer, asks Jamie and the “Tri Star” why Britain’s property is now worth just $ 60 million, when he spent years earning a lot of money to appear on television, release albums and hold concerts.
Rosengart also accused “Tri Star” and Jamie Spears of secretly listening to Britney’s phone and installing an audio recorder in the bedroom. This accusation is denied by both: the singer’s husband and company.