Carl Radke is questioning Kyle Cooke after he didn’t invest in his non-alcoholic bar and café, Soft Bar. The Summer House cast members are super close, with Carl working for Kyle’s alcoholic spritz brand, Loverboy. But according to Kyle, he has some serious reasons not to invest in the business right now.
In a preview for Summer House Season 10, Episode 9, Carl can be seen pulling Kyle aside at his birthday party to “clear the air.”
“So the Soft Bar investment thing has kind of come up among folks, and I was kind of a little sad about it to be honest,” Carl told Kyle in the video above. “Because remember, like, when you were getting Loverboy going? I know it wasn’t a ton of money back then, but you’ve given me so many opportunities professionally and just been so supportive. So like, having you involved in some way is important to me.”
Kyle Cooke reveals why he can’t “bet on” Carl Radke’s business
Kyle agreed with Carl. “I don’t blame you,” he said. “You bet on me, I want to bet on you.”
However, his own finances are holding him back. “My wallet’s way too deep in Loverboy,” Kyle noted, revealing that Loverboy is in trouble of folding. “Last month alone, before our loan payment, we lost 175 grand, and our loan payment is 150 grand a month.”
Kyle admitted that Loverboy has “three” months left before going bankrupt, and no one, including his wife, Amanda Batula, has any idea of the situation. “Bro, it’s like the most stressful thing you could imagine,” he said. “And I don’t think Amanda even understands the current state of affairs.”
RELATED: Kyle Cooke Reveals Loverboy Is at Risk of Bankruptcy and Hints “How Long We Can Last”
Kyle Cooke opens up about not investing in Soft Bar and Café
Kyle had previously opened up about not investing in Soft Bar during Summer House Season 10, Episode 6. The cast members were out to dinner when they revealed that Carl was not able to attend because he was busy opening Soft Bar. When the subject of Kyle’s investing in Soft Bar was brought up, he flat out admitted that he did not put any money into Carl’s business.
“So, Carl did ask me to invest,” Kyle shared. “I said point-blank, I cut a half-a-million dollar check into Loverboy to literally meet payroll. So, I told Carl, ‘Look, bro, I love you, I believe in you, and this is not personal, but I’m literally on the hook financially for my own business.'”
Kyle Cooke shares new details about Loverboy’s financial issues
Kyle continued to open up about Loverboy’s financial issues during Summer House Season 10, Episode 8, where he admitted that the business has “six months at most” left to live. “I have an investor call tomorrow,” Kyle told West Wilson. “We have to talk about how long we can last based on our current cash reserves.”
This is something that he reiterated to Carl during Summer House Season 10, Episode 2. “When I’m catching up with you, and I’m catching up with friends, I’m not gonna unload on them weekend one, and just be like, ‘Oh, by the way, to save my business I had to put $500,000 in. Oh, by the way, I stopped paying myself a salary at Loverboy, so that’s one of the reasons why I started DJ’ing to pay the bills,'” he said. “But that’s what I’ve been up to these last few months.”
RELATED: Kyle Cooke Explains His Rant About Amanda to a Summer House Producer: “It’s Just Sad”
Learn more about how Loverboy’s issues have impacted Kyle’s relationship with his wife, Amanda.
