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Lindsay Lohan's Mgmt Team

She's Hell-Bent On

Financial RUIN

10/25/2012 3:30 AM PDT BY TMZ STAFF
EXCLUSIVE

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Lindsay Lohan
is careening toward financial ruin ... by making stupid business decisions and recklessly stashing her money in unsafe places -- this according to her management team.

TMZ has seen text messages between Michael Lohan and Lindsay's lawyer Dave Feldman, discussing Lindsay's recent promotion deal with an energy drink named Mr. Pink.

As we reported, Lindsay flew out to L.A. earlier this month in order to attend a launch event for the beverage -- just hours after her blowout fight with her mother Dina in NYC.

In the text messages, Michael claims Lindsay was paid $150,000 for the event IN CASH ... which Lindsay then gave to her brother Michael Jr. to hold in his bank account for safe keeping.  Michael expressed fear that Dina had access to Michael Jr.'s account and would raid it for herself.

Dave expresses outrage in response, claiming Lindsay should have looped him and her business manager in to the Mr. Pink transaction in order to provide her more financial protection ... but she never did.

In the messages, Dave says Lindsay was even more stupid for not including her management team on the Mr. Pink deal because -- as Dave says -- they could have gotten her even more money for the job ... but again, she didn't.

As we reported, Lindsay's dad is terrified she has fallen back off the wagon and needs a conservatorship because she can't handle her affairs -- and based on these texts, he might have a point.

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358 COMMENTS

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76.

janet    

Lindsay Lohan once upon a time in a land far far away.


Lohan burned 10 primetime years of her career never to get back. Her self-proclaimed comeback? Can't have a comeback when never missed. God knows that's backfired on her.


She burned Playboy right down to Scary movie 5. And all her crap in between.


Her big self-hype how she made 'north' of 2 million dollars? That is major chump change in this business that Lohan is trying pathetically to hold on to.


Playboy, was said to be 1 million?, nothing made from SNL, $350k said for Lifetime, Glee tv show?, $6,500 (scale) for the canyons, $300k, for scary movie 5. Roughly these said figures. Ok. Taxes alone cuts that almost in half. Seperate from her other debts she owes.


Point still is all of the above said money is over and done with. Lohan won't be hired, re-hired or asked to come back. Lohan burned all that.

626 days ago
77.

help this young woman    

Dave Feldman was also Amanda Bynes lawyer. She got rid of him and moved to New York too. Now we hear NO stories from TMZ on Amanda! Has Dave Feldman been leaking stories to TMZ on Amanda and Lindsay?

626 days ago
78.

Rocco    

Do you think the fact that she spends upwards of $40,000 on mini bar charges points to any other conclusion than she has a spending and drinking problem? Case closed.

626 days ago
79.

Andyconda    

wackadoodoole Jill666 can you please tell us witch story is true and witch one is not true.
you obviously have a PHD in BS.

626 days ago
80.

Andyconda    

yes her management team is the reason she is a bad actress and parties all night..they even made her face look like Iggy pop...and shoved Cocaine down her Hole. all the crimes against her where their fault why did they make her tongue fck her own mother.
BLAME GAME

626 days ago
81.

Swins    

Her manager is just pissed because he didn't get his cut. EOT

626 days ago
82.

bb    

I think Michael would have the best chance of helping Lindsay if he ZIPPED HIS LIPS to the media, concentrated on being a better dad to his new spawn on the way, admitted to her that he's far from the perfect heroic father figure and attempted to become her confidante, in a let's work through our problems together way - a more subtle passive approach. Even then, he would most likely have limited success. I know this is going to sound harsh and cynical, but I really think Lindsay has a sociopathic streak in her, maybe not a full blown one but still in the can't be helped basket. I think the only way she'll ever change is in the school of hard consequences and by that I mean either 1)She winds up dead. 2) Gets involved in more serious crime and winds up in prision 3) Eventually gets sick and tired of telling more and more desperate lies to try to preserve her already 100% ruined public image, comes to her senses and realizes that the only way to improve her public image is to make a genuine effort to improve, like Britney Spears is doing. Lies, conning and stealing cannot fake a glowing career, weaves, botox injections and photoshop cannot fake glowing good health.

626 days ago
83.

ilovegossip    

Everything is everyone else's fault but Lindsay's. Let's blame Michael and let's blame her lawyer, and let's blame the truck driver and let's blame the jewelry store owner, and on and on it goes.

When are the enablers going to start making Lindsay responsible for Lindsay's actions? Ever? I doubt it...

I just hope the enablers never procreate. Could you imagine what their children would be like? Me, me, me!!!

626 days ago
84.

Andyconda    

she is uner contract with the manager..
Hop[e they sue the piss out of her

626 days ago
85.

Dennis Johnson    

Giants WIN 8 to 3 ..................Panda hit 3 home runs in one game.I don't care what happens to Lindsay!

626 days ago
86.

MrCrowley73    

i can't wait for this p.o.s to o.d and die.

626 days ago
87.

Lekili    

Let her go broke, ht rock bottom and then maybe she'll go away and take her idiot parents with her. Fame is not worth having your children turn out like this. When you decide to have a child that unborn child becomes the entire focus of your life, you protect your child at all cost, nothing else matters. Her parents used her as a meal ticket, yes but at what age does she become responsible for her own life and grow the heck up?
She'll be dead in another few years and nobody will even remember who she was unless she cleans up her act right now.

626 days ago
88.

MADISYN, LIAISON TO THE H8TURDS!!    

Is there any shock in that this SELFISH, 'me me me' individual would pocket the entire amount and cut out her 'team'?

626 days ago
89.

mebrat24    

TMZ has seen text messages between Michael Lohan and Lindsay's lawyer Dave Feldman, discussing Lindsay's recent promotion deal with an energy drink named Mr. Pink.

I would say Lindsay needs a new Lawyer and shut down her money hungry father.

626 days ago
90.

Sunny    

What I see here is that "management" seems upset that they don't get a cut because they didn't make this deal for her! And as has been pointed out, what is her "management team" or her lawyer doing talking to her dad about her personal affairs? The woman is an adult, they work for HER, and they should not be talking about her personal affairs to anyone without her permission, which I seriously doubt they have. Lindsay being screwed up or not, these people are crossing the line and should be fired!

626 days ago
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