Friday, July 17, 1998

The London Times reports that U2 are restructuring their business affairs after a decade of bad investments and poor financial planning. The paper says that the group has lost money on a number of ventures including millions in a string of combined bowling and laser tag facilities. The last U2 world tour was thought to have been a break-even endeavor at best. The Times reports that the band is not broke but they quote management sources saying the members are not as rich as they should be. "They have nice houses and that is about it," said the source.
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