Johnny Depp denies out of control spending led to financial woes

Johnny Depp denies out of control spending led to financial woes
Johnny Depp

Johnny Depp has denied claims that his financial woes have been caused by out of control spending.

In January (17), the Pirates of the Caribbean star sued his former advisers Joel and Robert Mandel and their The Management Group (TMG) company, alleging fraud and negligence.

In a counter-suit, lawyers for the company alleged Johnny's out of control spending rather than mismanagement caused him to run up debts of more than $40 million (£31.2 million).

In his first public comments on the matter he told the Wall Street Journal, "Why didn't they drop me as a client if I was so out of control? I've worked very, very hard for a lot of years and trusted a lot of people, some who've clearly let me down."

Johnny, who is seeking $25 million (£19.5 million) in damages, claims TMG managers collected fees he had not agreed to, failed to file his tax returns on time and loaned out his money without prior authorisation.

The company's counter-suit details the star's spending, alleging his lifestyle cost him $2 million per month (£1.6 million), with his outgoings including the $3 million (£2.3 million) he apparently spent on blasting the ashes of author Hunter S. Thompson out of a cannon.

Johnny claims his friend's explosive send-off actually cost him $5 million (£3.9 million).

The star reacted angrily to details of his private life being dragged into the case, telling the newspaper, "It's my money. If I want to buy 15,000 cotton balls a day, it's my thing."

Johnny, 53, also went through a costly divorce settlement last year, paying $7 million (£5.5 million) to finalise his split from actress Amber Heard.

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