400m divorce case wife hits out at her exs friends London Lite Tuesday, 29 September 2009 FORMER Radio 1 DJ Mike Read is being forced to sell his 1m record collection after going bankrupt. The 62- year-old handed over 350 boxes of vinyl when he went bust for a second time earlier this year with the amount of unpaid taxes he owed. The Eighties DJs collection of 120,000 discs has an auction guide price of 750,000, but is expected to fetch about 1m. Read was first declared insolvent last year, but the order was annulled after he paid cash owed to Horsham Council. But in February he was made bankrupt at Colchester County Court. Valuation expert Hugh Thomson said: This is easily one of the most exciting vinyl collections to come on to the market in years. We have six experts working round the clock on it. Any big name in music over the past 60 years has been included. He said there were more than 100 rare Motown demos by artists such as Marvin Gaye. Read refuses to comment on his bankruptcy.Taking the hit: Mike Read Shock: Michelle Young icant believe some of the richest men in Britain are supporting my husband VinylcountdownforbustDJs1mrecordcollection THE estranged wife of a tycoon threatened with jail if he fails to disclose the whereabouts of his alleged 4 0 0 m f o r t u ne t o d ay attacked his rich friends for ignoring her plight. Michelle Young said she was delighted her hus- band Scot must now reveal details of his expensive homes, cars and yachts, and those with whom he has done business. But she added: This is a man who rubs shoulders with some of the richest and most famous men in Britain. I cannot believe they sup- port his current behaviour towards his family. Mr Young, 47, who claims to be penniless and facing bankruptcy, was once described as a fixer for Russian oligarchs and British billionaires. His wealthy friends include Sir Tom Hunter, the billionaire entrepreneur, Topshop boss Sir Philip Green and restaurateur Richard Caring, who has loaned Mr Young 50,000 for his legal fees. Mrs Young, 45, who is suing for divorce and main- tenance, went to the High Court yesterday to demand Mr Young be jailed for con- tempt for failing to meet the deadline to provide full dis- closure of his finances. Her barrister, David Balcombe QC, told Mrs Justice Parker the businessman ought to hear the clang of the prison gates, but after the days hearing the judge gave him another chance to disclose the details and adjourned the case until November. Today Mrs Young said she was shocked her husband continues to leave her facing eviction from their Regents Park home because he has not paid the 10,000-a-month rent or their childrens 36,000-a-year school fees. She said: He is the father of our children and this is very distressing for them. However, what is more distressing is that he seems content to watch his wife and children struggle for financial support when he continues to live the lifestyle of a multi-millionaire. by MARK bLUNDEN Lost fortune: Scot Young Inbrief staggsupports nickelllawsuit THE man wrongly accused of Rachel Nickells murder is backing her partners bid to sue police for negligence. Colin Stagg spent a year in prison for the 1992 killing before being cleared. Her real killer was found to be convicted rapist Robert Napper. Mr Stagg backed Andre Hanscombes claim, saying cops should be called to account. Boriss90m homesrevamp HUNDREDS of dilapidated homes on the North Circular are to be renovated under a 90m plan by Mayor Boris Johnson. The homes in Enfield, owned by Transport for London, are being sold to housing association Notting Hill Housing Trust. Enfield council leader Mike Rye said 400 affordable homes would be created over three years, with work to begin early next year. Pirate banned from rooftops A MAN has been banned from every rooftop in London in a crackdown on radio piracy -- the first Asbo of its kind. Kieran OSullivan, 26, admitted installing pirate radio equipment on a tower block in Camden after being prosecuted by Ofcom. OSullivan, from Enfield, also received an 18- week suspended jail sentence, a three-month curfew, a 1,200 fine and had equipment confiscated. now vodafone will get iPhone VODAfONE will start selling the Apple iPhone in Britain next year, it announced today. The worlds largest mobile operator joins Orange which yesterday said it would start selling the phone by December, breaking O2s exclusive two-year deal to market the device. It raises hopes that a price war between operators will drive costs down for customers. H index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html