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Johnny Depp is in financial trouble because of an “ultra-extravagant lifestyle” that costs him more than $2 million a month to maintain,” say his former managers.

The actor recently sued The Management Group for more than $25 million, saying they defrauded him. TMG filed a cross-complaint Tuesday, saying “The Pirates of the Caribbean” actor can’t afford to keep up with his spending, according to People.com.
I guess we now know why the “Alice in Wonderland” sequel saw the light of day..
Depp says in his suit “As a result of years of gross mismanagement and sometimes outright fraud, Mr. Depp lost tens of millions of dollars and has been forced to dispose of significant assets to pay for TMG’s self-dealing and gross misconduct.” He’s officialy accusing TMG of fraud, professional negligence and breach of contract.
In its countersuit, TMG says the company “filed each and every tax return timely” and “always maintained state-of-the-art accounting records.”
Though Depp says his former managers didn’t tell him about his financial trouble, TMG’s suit said they “and Depp’s other advisors repeatedly warned Depp about his precarious financial situation and often begged Depp to curb his spending and sell assets.”
Exactly what is the problem with spending $3 million to shoot Hunter S. Thompson’s ashes out of a cannon?
TMG’s suit also says the actor “often engaged in profanity-laced tirades where he abused the professionals surrounding him and claimed that he would work harder to afford whatever new item he wanted to purchase.”
The company says when Depp was preparing to marry Amber Heard, his advisors all warned him to sign a pre-nup. Depp initially agreed, then changed his mind.
Depp has asked for a temporary restraining order and permanent injunction to prevent TMG to foreclose on his home, related to a $5 million loan the company made to him in 2012. Apparently Depp hasn’t been making payments, prompting the company to begin foreclosure proceedings last October.
Sounds like somebody needs to start making three or four movies about a drunken pirate, stat.
TMG said in a statement “Johnny Depp alone was solely responsible for his extravagant spending. Over 17 years, The Management Group (TMG) did everything possible to protect the actor from himself.”

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