There is a wheel of fortunes being squandered over at Merv Griffin Entertainment and The Griffin Group. And Tony Griffin, Merv Griffin’s son, is pissed about it!
Tony is taking the executors of the company to court claiming that they have been mismanaging his father’s empire and wasting parts of Merv’s millions by engaging in “speculative ventures with funds which belong to the Trust.”
It was rumored that at the time of his death, Merv Griffin was worth somewhere close to a billion bucks! But due to the economy and such, the estimated value of Merv’s estate is actually in excess of $50 million and includes everything from yachts and houses to his many TV franchises.
But Tony says the people running the business are squandering millions and he wants to put an end to it.
As far as we can tell, it’s really his attempt to make as much money out of the business as he can. He’s already given $2 million a year in allowance and if the business should be served up to the masses, he gets 60% after obligations are paid out.
The more money in the company, the more he will get later on.
[Image via WENN.]
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