Latest news with #businessaffairs
Daily Mail
17-07-2025
- Business
- Daily Mail
EXCLUSIVE Hailey Bieber responds to rumors husband Justin will use her Rhode millions to pay Scooter Braun
Hailey Bieber will not be paying off her husband Justin's multimillion-dollar debt to Scooter Braun's former company, Hybe, following the sale of her company Rhode. On Thursday, a rep for the 28-year-old model debunked the rumor that the pop star, 31, was holding off on settling his financial dispute with his former manager until Hailey's Rhode deal was closed and fully funded. 'The historic sale of Rhode is a huge accomplishment for Hailey and is completely separate from her husband and his business affairs,' Hailey's rep revealed to The clarification comes after TMZ reported that Justin would not have 'the cash to repay' his loan to Hybe or the millions in back commissions to Braun until Hailey's Rhode money came in. After Bieber cancelled his Justice tour in 2022, Braun's company HYBE America helped the singer pay back $26million of the original $40million advance he received from AEG. Last week, TMZ reported that Bieber had allegedly agreed to pay back the money over a 10-year period but allegedly stopped making payments to HYBE after the first installment. Braun also previously claimed that Bieber — who announced a new album on Thursday — owed him several million dollars in unpaid commissions. After years of back-and-forth, insiders told TMZ that Bieber will finally make good on his debts as the pair's settlement terms call for him to pay back the entire $26million. In a win for Bieber, the Grammy-winner will only have to pay Braun half of the $11million in unpaid commissions he allegedly owes him. has reached out to representatives for both Bieber and Braun for comment. The settlement news comes less than a month after TMZ claimed that Bieber was in the midst of negotiating the terms of a settlement with Braun and that the details would likely be fully hashed out within a matter of weeks. Back in May, the outlet revealed the alleged results of an independent audit performed by PricewaterhouseCoopers (PwC) that was commissioned by Braun's entertainment company, Hybe America. The investigation, which lasted for six months, culminated in April with the determination that Bieber allegedly owed Braun $8,806,000. Although Bieber's team didn't publicly dispute the results of the PwC audit, they announced that they had conducted their own audit of his business dealings with Braun. However, they didn't share how its results compared to the independent audit. Despite the determination of Bieber's alleged debts from a third party, Braun was reportedly willing to forgive the $8 million entirely. However, TMZ's sources claimed there were still two major stumbling blocks in the way of an agreement between the two. Anschutz Entertainment Group (AEG) had given Bieber an impressive $40 million advance for his Justice World Tour, which commenced in February 2022, after it was twice postponed — from 2020, and then 2021 — due to the coronavirus pandemic. After it finally got under way, Bieber ending up cancelling 14 concerts scheduled for June and July 2022 when he suffered temporary facial paralysis as a result of Ramsay Hunt syndrome. He resumed touring for a short stint from late April 2022 through early September 2022 in Europe, the Nordic countries and Brazil, before canceling the remainder of the tour. Bieber announced to fans that he was 'exhausted' and had to 'make [his] health the priority' at the recommendation of his doctors. In response to the cancellation, AEG reportedly tried to claw back $24 million of Bieber's original advance, but Braun's company Hybe agreed to step in and front the money for the repayment. In response, Bieber was allegedly required to pay back Hybe in installments spread out over 10 years, but he allegedly stopped paying after just a single installment. Sources claimed that the advance repayment was a major sticking point for Braun, and they alleged that Bieber has finally agreed to repay the amount. According to them, after his wife Hailey's profit from the $1billion sale of her cosmetics company Rhode, Justin was finally willing to settle up. Ironically, Hailey's loved ones previously told that they feared that Justin would 'take advantage of her kindness' and use the payout to cover his massive debts. However, a prominent LA-based divorce attorney recently explained to how Justin could end up walking away with half of Hailey's Rhode money if they should divorce, as they reportedly never signed a prenuptial agreement. Another reported requirement from Braun is that Bieber pay back $11 million he allegedly owes from commissions that were never paid, which was outside the scope of the PwC audit. However, TMZ's sources say Braun is willing to settle the debt for 'pennies on the dollar,' which could be a major break for Bieber.
Sky News
05-07-2025
- Politics
- Sky News
Reform MP suspends himself from party over allegations around his business affairs
Reform MP James McMurdock has suspended himself from the party. In a statement, Reform chief whip Lee Anderson said it is over allegations around his business affairs to be published in a national newspaper. The statement said: "I have today received a call from James McMurdock who has advised me, as Chief Whip, that he has removed the party whip from himself pending the outcome of an investigation into allegations that are likely to be published by a national newspaper. "The allegations relate to business propriety during the pandemic and before he became an MP. "At Reform UK we take these matters very seriously and James has agreed to cooperate in full with any investigation.
