Thursday, 9 May 2013

Why Don Jazzy Shut Down Club PoP

Six months after top music producer and entrepreneur, Don Jazzy, opened his hangout, Club PoP, the club
has been shut down.
A source close to Don Jazzy revealed that he has decided to stop operation at the discotheque section of the watering hole due to huge funds he has sunk into it and the abysmal low return-on-investment.
“The club is becoming a drainpipe with some VIP patrons not behaving responsibly by abusing the credit facilities afforded them by the club management,” said the source.
It was learnt that during the review of the last six months operation of the club, the music producer discovered that the huge bills owed by some of his friends are too outrageous and the debts were  really affecting his investment. He was said to have been really angry, but didn’t want to embarrass any of the debtors. Thus opted to stop operation of the club, and continue with the restaurant on the ground floor of the hangout.

Don Jazzy has so far sunk over N50 million into Club PoP. Apart from the money he is making as a music entrepreneur, Don Jazzy  recently made some extra bucks signing endorsement deals with big brands like Samsung and Loya Milk.
His decision to invest in a nightclub business made him approach former Super Eagles captain, Jayjay Okocha for a lease of his building housing the old Club 10 in Saka Tinubu Street, Victoria Island, Lagos.

0 comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...