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New Management Team For Guns N' Roses

LOS ANGELES (VIP NEWS) — Guns N’ Roses and its frontman Axl Rose will now be represented by longtime managers Irving Azoff and Andy Gould, according to a statement from Rose on the band’s Web site.

“We are very excited and look forward to working with them and hope our relationship proves beneficial for everyone, especially the fans,” Rose said in a statement on the site.

No further details about the management agreement were available at deadline.

GNR and Rose were previously managed by Merck Mercuriadis. Rose revealed the split with Mercuriadis in a December 2006 online posting, citing disagreements over the set up for GNR’s long-awaited album "Chinese Democracy." There’s still no official word on when the decade-in-the-works "Chinese Democracy" will see the light of day.

"Chinese Democracy" was most recently scheduled for release on March 6, 2007, but promptly vanished from the schedule without a new date being set. It will be the first Guns N' Roses album since the 1993 covers collection "The Spaghetti Incident"; in the ensuing decade, the group has burned through a reported $13 million in recording expenses. – According to Billboard