- by Chris Taylor
- Sunday, June 25, 2006
- filed in: Indie
Share
Sanctuary Records, the home of Morrissey, The Strokes, Groove Armada and Beyonce amongst others, has announced an expected big trading loss to the stock market.
The label – the world’s largest independent music group, and noted for providing a home to ageing stars – stated they expect to register a pre-tax loss of between £17 to £22 million this year.
Following the statement, share prices tumbled in the company, which had to undergo a rescue package in January following Chief Executive Andy Taylor sacking after mistakes were discovered in Sanctuary’s financial statements.
Maybe Sanctuary's roster could organise a fundraiser gig?


DMX Leaves Def Jam Over Jay-Z Beef... Next
Morrissey 'Swords' (Commercial Marketing) Released 26/10/09
Oasis, Morrissey and Joy Division As You've Never Seen Them Before
Tuesday 21/07/09 Morrissey @ Brixton Academy, London
Morrissey Triumphs At Brixton Academy - Exclusive Photos
50th Birthday Gifts That Morrissey Would Hate
White Lies Storm London's Brixton Academy - PHOTOS
Arctic Monkeys Take Humbug To Wembley Arena - Photos
Lily Allen Takes A Tumble and Pours Herself A Pint In Manchester
~ by ammarie 11/30/1999
Register now and have your comments approved automatically!