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  • Uli Jon Roth reported declared bankrupt

    From the blab...

    Former SCORPIONS Guitarist ULI JON ROTH Reportedly Declared Bankrupt - Oct. 26, 2005

    Gareth Morgan of icWales has issued the following report:

    A rock star who spent a fortune to become a Lord of the Manor in Wales has been declared bankrupt.

    Uli Jon Roth, former lead guitarist with the SCORPIONS, is believed to owe tens of thousands of pounds.

    Roth, 54, paid £250,000 (approx. $450,000) for the historic Tan y Bwlch Manor near Aberystwyth eight years ago — it is now likely to be worth around half-a-million pounds. And he had ambitious musical plans for another Welsh property.

    But the German-born guitarist, who has played with bands such as DEEP PURPLE, was dropped by his record company EMI and has sunk into financial difficulties. He has been registered bankrupt at the Aberystwyth County Court under his full name Ulrich Hans Joachim Anton Josef Roth.

    The Official Receiver in Swansea, Ian Carter, has met Roth to discuss his debts. And it's likely Roth will have to sell his mansion in the West Wales countryside, although a close friend last night said nothing had been decided.

    "Uli is in Germany touring at the moment and we have not heard much from him — he does not have a mobile phone," he said. "I know very little about the bankruptcy, but he certainly has not told me that he is going to sell the house."

    A spokesman for the Official Receiver's Office said, "We have met this gentleman to discuss his financial situation but we cannot say any more than that."

    Roth has lived in the UK for 20 years and spent most of the past decade at the impressive mansion, which lies near the coast close to Aberystwyth harbour.

    Local resident Elgan Jones, 28, said, "It is right near the beach in a lovely spot, but it is in the middle of nowhere really.

    "People know that he lives there and that he is some kind of musician but a lot of people don't really remember the SCORPIONS, do they? Apart from that one song. They were always bigger in Eastern Europe. Perhaps he liked a bit more privacy here in Wales."

    Roth has always kept a low profile, although he does run a recording studio for private sessions only, and has played a gig in Aberyst-wyth. He has also spoken in the past about his desire to keep the peace with natives in West Wales, an area which he says he loves.

    "The locals don't need to worry about sex and drugs and televisions crashing through windows or anything like that," said Roth.

    "Although I have been in a rock band I pride myself on being outside that circle. I may look like a rock star with my long hair and scruffy clothes but I don't behave like one."

    Speaking about Wales, he said, "The people are so friendly and the landscape is breathtaking."

    It is unknown how long his financial problems have been brewing.

    In 1999 it was reported that Roth had bought a second Welsh mansion, Plas Glynllifon in Gwynedd, then worth £500,000. He also spoke of plans to spend £200,000 on upgrading the gardens and making them suitable for staging classical concerts.

    However some time later it emerged that the deal had never been sealed — although the exact reasons were not revealed.

    Roth formed the SCORPIONS in the '70s — years before the group went on to have a No.1 hit with "Wind of Change". He quit the band to concentrate on a solo career — turning the work of classical composers into hard rock.

    He is about to start a European tour and, according to his website, the first night is a sellout. A friend, who did not want to be named, said, "Uli is going through a difficult time, but he will bounce back."

  • #2
    Re: Uli Jon Roth reported declared bankrupt

    Very sad news. Uli, hang in there!
    Ron is the MAN!!!!

    Comment


    • #3
      Re: Uli Jon Roth reported declared bankrupt

      That sucks... Talent sure doesn't pay the bills.

      Comment


      • #4
        Re: Uli Jon Roth reported declared bankrupt

        A client of mine produced some of his most successful records....and is still waiting to be properly accounted to!
        Yes, he is extremely talented...But ain't Karma a bitch!

        Comment


        • #5
          Re: Uli Jon Roth reported declared bankrupt

          That's a real shame. I'm sure he'll get himself back on his feet. The area he's living in, in Wales is one of the most beutiful places i've ever been. It's really quiet and the mountainous landscape is amazing. I wish i could live there.
          93 USA Soloist EDS
          USA HT6 Juggernaut
          Charvel DK24FR

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          • #6
            Re: Uli Jon Roth reported declared bankrupt

            Ain't it funny that God always needs money.. [img]/images/graemlins/scratchhead.gif[/img] [img]/images/graemlins/wink.gif[/img]
            "Bill, Smoke a Bowl and Crank Van Halen I, Life is better when I do that"
            Donnie Swanstrom 01/25/06..miss ya!

            "Well, your friend would have Bell's Palsy, which is a facial paralysis, not "Balls Pelsy" like we're joking about here." Toejam's attempt at sensitivity.

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            • #7
              Re: Uli Jon Roth reported declared bankrupt

              [ QUOTE ]
              Ain't it funny that God always needs money.. [img]/images/graemlins/scratchhead.gif[/img] [img]/images/graemlins/wink.gif[/img]

              [/ QUOTE ]

              I'm still waiting on my god CDs, Bill!!!!! [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img]

              Mike
              Sleep. The sound doesn't collapse to riffs of early eyes either.

              Comment


              • #8
                Re: Uli Jon Roth reported declared bankrupt

                Wow that sux.........

                Comment


                • #9
                  Re: Uli Jon Roth reported declared bankrupt

                  Artists in many industries usually spend time doing what they love and don't really understand the intracasies of prudent financial management. Especially when they make big money in a short amount of time.

                  Look how many of them loose their houses, cars, etc...

                  They buy at the height of their careers and then when their careers slow down as most of them do they can't afford the payments, taxes, etc...

                  Happens to a lot of them. They get ripped off by attorneys, managers, financial guys, etc...

                  One of the pittfalls of the industry.
                  PLAY TILL U DIE !!!

                  Comment


                  • #10
                    Re: Uli Jon Roth reported declared bankrupt

                    Alot of them grew up poor as well...and as soon as they get some cash they blow it all.

                    Chicken today, feathers tomorrow.

                    Mike
                    Sleep. The sound doesn't collapse to riffs of early eyes either.

                    Comment


                    • #11
                      Re: Uli Jon Roth reported declared bankrupt

                      [ QUOTE ]
                      A client of mine produced some of his most successful records....and is still waiting to be properly accounted to!
                      Yes, he is extremely talented...But ain't Karma a bitch!

                      [/ QUOTE ]

                      Sorry to hear your client didn't get paid, but since Uli's heydey was about 20 years ago, shouldn't that client have written the bill off as uncollectable many years ago? I'm neither accountant nor attorney, but letting something like that ride for decades doesn't sound smart...

                      Anyway, for all we know Uli's manager or other employee diverted the funds and it's not Uli's direct fault. There are always 3 sides to every story.
                      Ron is the MAN!!!!

                      Comment


                      • #12
                        Re: Uli Jon Roth reported declared bankrupt

                        Could just be that the dude is spending $$250,000-$500,000 a clip on these mansions. That kind of spending will tap you out in a hurry!

                        Comment


                        • #13
                          Re: Uli Jon Roth reported declared bankrupt

                          I don't get it. The article reads that he bought a mansion for 250K pounds and now its likely to be worth 500k pounds.
                          That sounds like a 250k pound profit. Then again... I never got that pound/dollar conversion thing.

                          Comment


                          • #14
                            Re: Uli Jon Roth reported declared bankrupt

                            Well, it's only a profit if you sell the house, and he's living in it 20 years now. If he wants to keep the house, which I assume he does, he could take a mortgage on it and pay his bills, but with little money coming in he'd still be screwed.
                            Courtesy, Integrity, Self-control, Perseverance, Indomitable Spirit

                            Comment


                            • #15
                              Re: Uli Jon Roth reported declared bankrupt

                              boy the media sure gets up your ass quickly. i hope he keeps that joint, sounds like a magical place. in other top stories, brad pitt took a piss this morning, angelina and jennifer are fighting, atomic charvel guy doesn't have a charvel, -lol, etc. etc. etc.
                              Not helping the situation since 1965!

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