Elton John charity sues adviser over unpaid £700k

clock

Pop supremo Sir Elton John is suing the owner of an advisory firm for failing to honour a £700,000 charity auction bid.

Dubai-based Spencer Lodge pledged the cash, to be used for a day out with the legendary singer and husband David Furnish, at a ball. But despite singing a contract promising to pay the money to the Elton John Aids Foundation, the charity is yet to receive any money form the banker and has started a High Court action in a bid to recover the cash. Sources quoted by the Mirror said the couple are "really angry". The day out included a trip with the couple to visit some of their charitable projects in the UK. Lodge is well-known on the Middle-Eastern business and celebrity circuit, ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

UK DIY investment grew by more than £100bn in 2025

UK DIY investment grew by more than £100bn in 2025

According to data released by Boring Money

Patrick Brusnahan
clock 11 February 2026 • 2 min read
Darius McDermott: Think active for the decade ahead

Darius McDermott: Think active for the decade ahead

'There are reasons to be nervous about the largest companies in the index'

Darius McDermott
clock 11 February 2026 • 5 min read
Why 2026 is the time for investors to challenge market 'certainties'

Why 2026 is the time for investors to challenge market 'certainties'

Six critical questions investors should be asking themselves

Matthew Spencer
clock 09 February 2026 • 4 min read