But boy, did John and Reid know how to spend money. According to a 1974 Rolling Stone cover story, John bought Reid an Appaloosa racehorse and a powerboat for his 25th birthday. For Eltons birthday, Reid said he reciprocated by walking into a Paris jeweler and picking out the largest emerald ring he could find—allegedly worth a million francs.
Given that John and Reid were inseparable and living together, there was public speculation about the nature of their relationship. But when John was asked point blank by Rolling Stone in 1974, he claimed Reid was “just my manager. . . .I have a close circle of friends who just arent in the public—sort of like Elvis and his . . . motorbike people. They were the people who first gave Bernie and me encouragement. Its very much a family. Thats why its so incestuous sometimes.”
Reid was fiercely loyal to John, but also a bit of a hothead—with Rolling Stone devoting a paragraph to Reids history of violent antics: “He tossed a glass of champagne at a man for not having enough liquor at a reception for Elton; slapped a woman journalist who scolded him and reportedly called him a poof (meaning a gay); and he beat and kicked another journalist whom he said he heard had threatened Elton.” He was also sentenced to a month in prison in New Zealand in 1974 for assaulting a journalist.
John and Reids romantic relationship fizzled out in 1975—with both men claiming the relationship ended for different reasons. According to Reid, John “never had a sexual adolescence. He needed to go off and play the field.” But according to Captain Fantastic, John said that Reid had been “more unfaithful than I liked.”
Their working relationship continued until 1998—the same year that Johns auditors discovered a £20 million gap in his accounts, and John sued both PriceWaterhouseCoopers and Andrew Haydon, director of John Reid Enterprises. Speaking about his ex, John said, “I trusted him. . I never thought he would betray me, but he has betrayed me.” While Reid settled with John out of court, a high-court hearing examined Johns excessive spending over the years—with a judge ultimately siding with PriceWaterhouseCoopers and Haydon.
“Sir Eltons indifference to the details of financial and business matters was for a long time compounded by the fact that he had serious problems with alcohol and drug abuse,” the judge determined, according to The Guardian. During the lead-up to the judgment, the court heard how John spent nearly £40m during a 20-month period, and £293,000 on flowers alone. Reid alleged, meanwhile, that living with John was like “trying to hold back a racehorse. . .The vast leaps in style were exhausting. He would go out one day with brown hair and return the next with pink. One day he drove off in his Escort, and I said it wasnt very rock and roll. He returned that afternoon with a purple Aston Martin.” (In Read More – Source