A former manager of Seattle band Pearl Jam has admitted stealing $380,000 (€277,000) from the veteran grunge act.

Seattle Weekly reports that Rickey Charles Goodrich admitted to taking the cash during his four years as the band's chief financial officer.

Members of Pearl Jam had hired a private investigator to look into Goodrich's "cash flow issues" and found records for a number of transactions and wire transfers that had been used to pay off his debt. The group have not commented publicly on the case.

Pearl Jam released their tenth studio album Lightning Bolt in October.