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Britney's Daddy To Take Home $1M From Tour

NEW YORK (VIP NEWS) — Britney Spears' father will earn more than $1 million from her latest tour, it has been reported.

Jamie Spears is acting as manager of his superstar daughter's Femme Fatale world tour. Britney has been travelling to a host of countries to showcase her seventh studio album, Femme Fatale.

Even though Jamie reportedly isn't being paid for his role as tour manager, Britney's overall manager Larry Rudolph is keen to reward him.

According to TMZ, Larry wants to give Jamie a cut of his profits from the tour as he feels Jamie has expertly managed the stage shows.

'Legal docs in Britney's conservatorship case show Britney's overall manager, Larry Rudolph, wants to give up 2% of his cut to Jamie, because daddy Spears has done such a great job – Larry's cut is 10% of the gross,' reports the website. '[He will] get more than a million bucks – possibly a lot more.'

The legal documents reportedly show Jamie secured a lucrative tour deal with concert promoter Live Nation.

He is also believed to have organised Britney's personal schedule, handled her finances, supervised her arrival at venues, managed her security and made hundreds of business phone calls on her behalf.

Although Larry is voluntarily giving Jamie a percentage of his profits, the transaction will have to be approved in court.

Jamie has been co-conservator of Britney's personal and professional affairs since 2008. Britney was put under a conservatorship after her meltdown, which saw her attack a car with an umbrella, shave her head and be placed in a 5150 involuntary psychiatric hold after refusing to hand over her two sons.