Complex sentence: It was around this time that the stories of financial difficulties were in the press, with many newspapers reporting that Five Star were bankrupt due to a lack of chart success, this was, however, proven to be untrue many years later.
Split into simpler sentences: It was around this time that the stories of financial difficulties were in the press, with many newspapers reporting that Five Star were bankrupt due to a lack of chart success. This was, however, proven to be untrue many years later.