Sunday, January 18, 2009

BeatlesFacts History: Lennon Admits that Apple Is in Trouble

On January 18, 1969: John Lennon revealed that Apple Records was in a state of chaos. He said, "Apple is losing money. If it continues like this, we'll be broke in six months." After the death of Brian Epstein, Allen Klein was hired as the Beatles' manager (over the objection of Paul, who favored Lee Eastman), and Neil Aspinall was left with supervising Apple, Ltd., although he originally did not want the job and agreed to do it only until someone permanent could be brought in. In actuality, he continued in this post until his death in 2007.

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