How to explain the singer’s bankruptcy

Bertín Osborneone of the most recognized figures of television and music in Spain, is going through a delicate economic situation that has led him to the edge of bankruptcy. With a millionaire debt, a mortgage that will not finish paying up to 2050 and exorbitant monthly interests, the 70 -year -old host, faces one of the most difficult moments of his financial life.

According to LecturesBertín Osborne accumulates a multimillion -dollar debt with banks, which has forced him to refinance his debt several times. One of the most alarming aspects of its crisis is the mortgage that is in force until 2050. If we take into account the age of the singer, this means that, in case of fulfilling the total payment of the debt, he would be 95 years old when he finishes to settle it.

But the economic burden is not limited only to the mortgage. Osborne must face monthly interests that are around 40,000 euros, a huge figure that, if confirmed, hinders its financial stability even more.

How Bertín Osborne arrived in this situation

Throughout his career, Bertín Osborne has been a multifaceted character, combining music with television and business. However, its economic situation has deteriorated due to several failed investments and financial problems related to their companies or their tax situation. One of the key factors has been its involvement in business in the real estate and hospitality sector, which have not paid the expected fruits. He has also faced legal lawsuits and embargoes that have affected his assets.

In addition, the high standard of living that it has led for years has meant a constant expense that, together with the lack of stable income, has further aggravated its economic crisis. Although he continues to work on television and performing concerts, these income is not enough to deal with the huge amounts that he must pay month by month.

What future awaits Bertín Osborne?

Given this difficult situation, Osborne, who has just recognized being the father of the son of Gabriela Guillénfaces several options. One of them would be to renegotiate their debt with banks again, although this would mean paying high interest for years. Another possibility would be to sell properties or value goods to reduce its financial load, although this would imply detaching themselves from assets that have been key in their life.

At the moment, the singer and presenter continues to work and looking for ways to stay afloat economically. He has just signed for Your face sounds to meone of the programs with the highest antenna 3 audience, so it temporarily leaves its show in Canal Sur, where it will be replaced by the Cordoba.