Jamie Spears Lost His Bid To Regain Control Of Britney’s Financials, But Will Remain Her Co-Conservator
Yesterday, lawyers for Britney Spears and her father Jamie Spears met in court for a hearing to discuss the future of her nearly 13-year-long conservatorship. And what we knew is that Jamie Spears wanted to return as the head dad in charge of her life while bringing back his friend Andrew Wallet to help manage her money and that Britney really didn’t want her dad involved in her life or money decisions in any way. Anyone who has watched the New York Times documentary Framing Britney Spears (or anyone who has seen even a little bit of chatter about it online) was likely hoping for a triumphant ending to her conservatorship saga. Like that Britney would throw open the doors to the courthouse, do a double-rotation spin, a signature head-cock to the left side, and announce that she was finally free while her lawyer blasted “Stronger” on a Bluetooth speaker behind her. That sadly didn’t happen. But the good news is, her father didn’t win either. Generally, her conservatorship situation will stay the same.
Britney has made it clear that she wants her father removed entirely from her conservatorship. Although, she was reportedly willing to settle for her dad to work with Bessemer Trust, a “qualified corporate fiduciary,” aka a professional money management team. NBC News reports that yesterday’s hearing resulted in a judge approving Britney’s request for Bessemer Trust to be brought into the loop of her professional and private life. Bessemer Trust has been named co-conservator, along with Jamie Spears.
According to NBC News, there were objections from both sides. Team Britney argued that Britney’s choice is for investment decisions to be delegated directly to Bessemer, to prevent Jamie Spears from sneaking off and delegating stuff to a third party that works in his (allegedly) shady favor and not Britney’s, like how he tried to pull his pal Andrew Wallet back into the situation. Jamie Spears reportedly argued for a rule to be established to allow him to delegate investment decisions without Bessemer sticking their nose in it so that he can continue operating on the conservatorship level he has grown accustomed to over the past 12 years. A judge told them to get any power imbalance ideas out of their heads because that’s not how things were going to work:
Both James Spears and Bessemer Trust are expected to work together on a budget and investment proposal for Britney Spears’ estate following Thursday’s hearing.
Jamie’s attorney released a statement after the hearing, and they assure everyone that Jamie plans to play nice with Bessemer:
“My client looks forward to working with Bessemer to continue an investment strategy in the best interests of his daughter.My client Jamie Spears has diligently and professionally carried out his duties as one of Britney’s conservators, and his love for his daughter and dedication to protecting her is clearly apparent to the court.”
Another hearing is scheduled for next month, so we’ll have to wait and see what is discussed then at that time. If the #FreeBritney movement had anything to say about it, they would likely suggest that the judge take a match to her conservatorship and burn it into a pile of ashes. But that’s likely not going to happen any time soon. TMZ reports that no one on Britney’s side or Jamie’s side suggested in yesterday’s hearing that she be removed completely from under her conservatorship. Both sides reportedly didn’t mention ending the conservatorship at all, and that their meeting was regarding who was still in control. So, freeing Britney from her conservatorship might not be an option right now. With that being said, Britney and her lawyers have a month to reconvene. And I don’t think anyone will be surprised if Britney tells them to work, bitch, to get her what she asked for. “Last month’s 50-50 decision was fine, but know what would be a better percentage split? Like, 100% to 0%, with my dad getting 0%. I don’t know, just spitballin’, y’all.”
Pic: Instagram