John admits Apple is losing money - January 13, 1969
From BeatlesWiki
| Event | |
| Date | January 13, 1969 |
| Short description | John tells Disc & Music Echo that Apple is losing money. |
| Location | |
Now that he had failed to bring George back to the band, he decided to stay at home and get interviewed by Ray Coleman of Disc & Music Echo. He opened up about the financial state of Apple. He said, "I think Apple is a bit messy and it needs tightening. We haven’t got half the money that people think we have. We have enough to live on, but we can’t let it go one like it is. We started off with loads of ideas about what we wanted to do, you know, an umbrella of different activities. But, like one or two other things, it didn’t work out because we weren’t quick enough to realise that we needed a business brain to run the whole thing. You can’t offer facilities to poets and charities unless you have money coming in. It’s been pie-in-the-sky from the start… We did it all wrong – you know, Paul and me running to New York saying we’ll do this and encourage this and that. It’s got to be business first, we realise that now… It needs a new broom and a lot of people there will have to go. It needs streamlining. It doesn’t make vast profits, but if it carries on like this, all of us will be broke in the next six months."
