Papa’s got a brand new asset manager - Dealbreaker

Papa’s got a brand new asset manager

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In perhaps the most shocking story ever broken, James Brown’s assets were mismanaged, according to his six children. The hardest working man in show business died on Christmas last year and did a brief set at his funeral before interment. Brown’s six adult children are trying to oust the current managers of the Godfather of Soul’s trust, and a court hearing is scheduled for February 1.
The primary value depreciation of Brown’s assets started when Brown started asking his band for financial advice. Questions like, “Can I get a 15% 3-year IRR by flipping this swampy Florida real estate?” and “Can I store this $5mm diamond encrusted cape in a jar of mayonnaise?” were met in the same resonant affirmative as “Can I get up and do my thang?”
James Brown's children: Assets mismanaged – [CNN]

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