Elvis Presley: The moment Colonel Parker negotiated 50 per cent according to ...

ELVIS PRESLEY's cousin Billy Smith has shared when he believes Colonel Parker negotiated his 50 per cent cut with The King.

PUBLISHED: 14:28, Tue, Nov 17, 2020 | UPDATED: 14:32, Tue, Nov 17, 2020

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It’s widely believed that Elvis Presley’s manager Colonel Tom Parker had a 50 per cent cut when it came to his sole client. And now The King’s cousin Billy Smith has shared when he believes Elvis agreed to the deal. In a new video below, the Memphis Mafia member took fans back in time to 1967 Bel Air, when Elvis was getting ready to shoot another movie.

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Billy Smith said: “Elvis had slept in a bathtub and hit his head…it kind of caused a concussion.”

With a production delay imminent due to the injury, a doctor was called and told The King to stay in bed for a day or two.

Stuck inside, Elvis asked his cousin Billy to stay with him in his room, where they chatted about family among other things.

But then around three days later The Colonel came over and went up to Elvis’ room.

READ MORE: Elvis movie SET PHOTOS shared by director Baz Luhrmann plus update

elvis and the colonelElvis Presley: The moment Colonel Parker negotiated 50 per cent according to King’s cousin (Image: GETTY)

elvis and the colonel in the 70sElvis and The Colonel in the 70s (Image: GETTY)

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The Colonel asked Billy to leave the room so he could talk business with Elvis, which he agreed to.

The King’s cousin remembered: “After a few minutes I heard the volume go up in both of their voices.

“Through the door, I couldn’t really tell what they

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