Robbie"s firm, The In Good Company Co, saw cash reserves drop from 1.6m pounds in 2008 to 800,000 pounds and profits from 708,000 pounds to 555,000 pounds. And the 36-year-old"s music publishing business, Farrell Music, recorded losses of 536,000 pounds, while another of his companies, Little Youth, posted a loss of 65,000 pounds. Only Robbiewilliams.com recorded a healthy profit of 400,000 pounds.
But the cheeky singer is set to pocket a whopping 15m pounds from his reunion with Take That. And record companies are fighting to sign him after his 80m pounds deal with EMI ended. “He once said that he was rich beyond his wildest dreams, but it seems there are some alarming holes emerging in his bank balance, “ the Daily Star quoted a music industry insider as saying.
“But he"s like a cat with nine lives. He"s never going to be down and out for long," the insider added.