SIR Elton John’s glasses firm owes a whopping £3.7million, latest figures have revealed.
The Rocket Man star’s glasses are available via his website and at high street giant Specsavers.
However, the firm that receives cash from the sale of the eyewear has substantial debts.
Accounts for Elton John Optical Company Ltd show that it is £3.7m in the red for the 12 months to the end of March this year.
The company has cash reserves of £308,173 and paid just £1,020 in Corporation Tax on its taxable income for the most recent trading period.
The bulk of the cash is owed to firms called William A Bong Ltd, J Bondi Inc and J Bondi LLP – outfits that form part of the star’s business empire.
Elton, 78, offers fans two pairs of glasses for £130 at Specsavers.
Buyers are told: “Introducing the Elton John Eyewear glasses collection.
“Designed by the man himself, the Elton John Eyewear range is bursting with his love of individualism and flamboyant style. Inspired by Elton’s journey, you’ll find pops of colour, smatterings of glitter and twists on classic designs.”
He recently admitted that his eyesight was failing and he can now only sign autographs with his initials.
The pop legend lost vision in his right eye in July last year after contracting an infection on holiday in the South of France, and said his left eye is “not the greatest”.
In December, he explained he was unable to watch his new musical version of The Devil Wears Prada.
He added: “I haven’t been able to come to many of the previews because, as you know, I have lost my eyesight.
“But I love to hear it.”
And interviewed on Good Morning America, he said. “It kind of floored me, and I can’t see anything.
“I can’t read anything, I can’t watch anything.”