Elton John goes button-down

By Advocate.com Editors

Originally published on Advocate.com July 14 2001 12:00 AM ET

As reported on ThisLondon.com, the Waterford Football Club, in which the “Queen of Pop” Elton John is the second largest shareholder, will be floated on the stock market next month, putting the flamboyant singer in a position in which he will have to chair annual general meetings, field questions from investors, and even be vulnerable to a sacking should shareholders become unhappy. John’s spokesperson says the pop star is looking forward to the challenge and stresses that the boss “is no stranger to the ways of business. You can’t be at the top of the music business for 30 years and not pick up a few tips along the way.” Elton John has an 8% stake in the club; the largest shareholder, with just under 40%, is the family trust of deputy chairman Haig Oundijan.