Britney Spears' Dad Got $40,000 Loan Before Putting Her Under Conservatorship: Report

Britney Spears' dad, Jamie Spears, received a loan of at least $40,000 just days before he placed her under a conservatorship in 2008, a report has said.

Jamie got the amount from business manager Lou Taylor's firm Tri Star Sports & Entertainment Group, The New York Times reported. During that time, the "Toxic" singer was hospitalized on an involuntary psychiatric hold, the report said.

Days after receiving the loan, while his daughter was still in the hospital, Jamie filed a petition in a California court to take control of Britney's estate and personal affairs.

The singer's father claimed at the time that Britney was vulnerable and struggling with her mental health. Jamie also argued that he should get paid to help her, according to the report.

The judge approved Jamie's request. The Spears patriarch then hired Tri Star as the manager of Britney's estate the following year, the report said.

It is unclear how Jamie, who previously filed for bankruptcy, used the loan.

National Guardianship Association president Anthony Palmieri told the New York Times that Jamie getting the loan "reeks of conflict of interest."

"It makes me wonder where the allegiance lies," Palmieri said. "Is the conservator making decisions in the best interest of the conservatee or the business manager who they owe a debt to?"

In a statement, Taylor's lawyer, Charles Harder, said that Jamie later repaid the "small loan." The attorney added that it "had no effect on Tri Star's work for the estate in later years."

The report raised questions on how Jamie, 69, and Taylor, 56, financially benefitted from Britney's conservatorship.

The singer's father reportedly received an estimated $6 million over 13 years. On the other hand, Tri Star collected 5% of Britney's "adjusted gross entertainment revenue," the report said. Harder declined to specify how much the company got in total from the pop star's earnings.

Britney was freed from her 13-year conservatorship in November. She has since criticized her family, saying they "should all be in jail" for how they treated her during her conservatorship.

"My dad may have started the conservatorship 13 years ago ... but what people don't know is that my mom [Lynne Spears] is the one who gave him the idea!!!! I will never get those years back," the singer wrote in a since-deleted post. "She secretly ruined my life."

Britney's lawyer, Mathew Rosengart, has continued to fight to get answers from Jamie and Taylor about why his client's fortune. Britney's net worth was reduced to $60 million following the conservatorship despite the massive paychecks the pop star continues to receive for her music, concerts and TV appearances.