In the High Court in London, UK, it is alleged by Mark Hapgood QC, that
Elton John once spent £30m in just under two years - an average of £1.5m a month. Mr Hapgood suggests that Sir Elton went "spending mad" following a £42m deal with recording company Polygram in February 1996. The claims are made during a court case in which the singer is suing Andrew Haydon [former MD of management company John Reid Enterprises] for negligence. Sir Elton also accuses City accountancy firm PricewaterhouseCoopers of negligence in managing his affairs.