Lou Taylor New York California stars singer sports Company Lou Taylor New York California

Britney Spears' father 'borrowed $40K from company he later hired to manage her estate'

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Britney Spears' father reportedly borrowed $40,000 from the company he later hired to manage her estate when she was put under a conservatorshipJamie Spears allegedly secured funds from Tri Star Sports & Entertainment Group - which is owned by his daughter's former manager, Lou Taylor - while the Toxic singer was hospitalised on an involuntary psychiatric hold in 2008, according to the New York Times.Days later, he filed a petition in a California court to take control of his daughter's affairs.The judge approved the request for the conservatorship and the following year, Jamie hired Tri-Star to manage Britney's estate, sparking concerns about the motive for him wanting control of Britney's life.

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