Duncan Bannatyne can't afford to invest
- Bang Showbiz
- 9 March 2012
'Dragons' Den' star Duncan Bannatyne claims he has no money left to invest in new businesses because of his recent divorce from his wife of five years Joanne McCue
'Dragons' Den' star Duncan Bannatyne claims he has no money left to invest in new businesses because of his recent divorce.
The Scottish business tycoon's split from Joanne McCue was finalised in December after five years of marriage and he admits it's cost him so much, he can no longer give his money to hopefuls who appear on the BBC Two show.
He said: "I'm not looking at investing in anything new. Because of the divorce, I can't. It's costing a lot and I can't predict the effect on my finances."
Duncan - who has four children by first wife Gail and two by Joanne - says the lawyers fees he has to pay are huge and he's worried about his children's future.
He said: "All I know is that, when you get inside the legal profession, they rip you off. Both of our lawyers are costing me a fortune.
"My issue is that this is my children's money that's being taken.
"The money is going on nothing right now and that should be for my children's futures."
A spokesman for Duncan - who is reported to be worth £430 million - insists he will take part in the next series of the show, which is due to air later this year.
A BBC spokesman added: "Duncan is very much committed to Dragons' Den and always on the lookout for new investment opportunities."