*When it (purple) rains, it pours for Prince.
It was reported earlier that a New York law firm is suing him for unpaid fees. Now, the Irish Times is reporting that Prince could lose his home for failing to pay $3 million for pulling out of a concert in Ireland.
The pop legend cancelled his sold-out appearance at Croke Park, Dublin, just 13 days before it was due to take place on June 16, 2008, without giving any explanation, leaving promoters MCD facing the bill to refund 55,000 tickets.
The company’s owner Denis Desmond took legal action against Prince and the case went to Dublin’s Commercial Courts in February 2010 where it was settled after a four-day hearing, with the musician’s legal team agreeing to pay over $2 million in damages and almost a million dollars in legal costs.
However, the sum was never paid by the initial March 2010 deadline and Denis and MCD were then granted a European Enforcement Order Certificate allowing them to pursue Prince’s assets under EU law.
In documents obtained by the Irish Times newspaper, MCD has received a preliminary attachment of approximately $957,000 held in bank accounts by the 52-year-old singer in France and Portugal but have received no money from the star.
The businessman has now filed papers in Los Angeles Superior Court to allow him to pursue his assets in the US to cover the initial settlement fee plus eight per cent interest on the original sum which would add a potential $240,000 to the total figure.
If the court rules in the company’s favour then MCD could potentially try and seize Prince’s family home in Minneapolis and his personal wealth.
In other Prince news, his early recordings as a member of the Minneapolis-based funk group 94 East are set to be re-released on a 35th anniversary retrospective titled “The Cookhouse Five, Original 1975 Session,” due April 5.”
The band, named after Interstate 94, was formed in Dec. 1975 by Pepe Willie, the former husband of Prince’s cousin. From this relationship came these historic recordings, which reflect an important of the development of Prince’s career and the history of the “Minneapolis Sound.”
Prince composed one song for the record, “Just Another Sucker.”
The group disbanded in February 1979, when Prince’s solo career took off.
The anniversary celebrations also include the release of 10 ringtones, which feature 17-year-old Prince’s earliest guitar tracks.
Songs include “If We Don’t,” “If You See Me,” “I’ll Always Love You” and “Better Than You Think.”