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Britney's dad to start great car sell-off
Mar 21, 2008, 10:52 GMT
Britney Spears © Lee Roth / RothStock / PR Photos
Los Angeles - Britney Spears' father has been given the green light by a court to start selling off some of the fancy car fleet owned by his daughter as he tries to cut her astronomical living expenses.
A court granted the singer's father on Monday the power to 'sell or dispose of' an undisclosed number of her seven cars, documents show.
Lawyers for Spears' father, Jamie, stated that the cost of maintaining the fleet of vehicles was too expensive and that the sale of 'certain of' her cars 'will save substantial expense to the conservatorship estate.'
Among the singer's cars are two white Mercedes (a SL65 and a CLK350), a white Mini Cooper convertible and a black Audi, according to the court filing.
According to OK magazine, Spears has a fortune of around 40 million dollars, which her father wants to conserve to enable her and her two children to live comfortably even if she never works again.
To that end, Jamie Spears has ordered Britney's budget of 100,000 dollars a month for entertainment and vacations to be cut by 90 per cent. Her 16,000 dollar monthly clothing allowance has been halved and she is also giving up a 30,000-dollar per month rental house in Malibu that she never used.
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