Ok friend, I will clear your confusion. And don't give a second thought, just go ahead with the bollywood star profiles as that will be must easier to manage. And if you trust me, do it for the old age stars. Don't run after today's stars as everyone is focusing on them only. So if you go my way, your site will be the only unique site with a unique name on the internet. BTW, you would not call SRK or Abhishek and others in their party as bollywood gurus. They are famous but not gurus. Gurus are Sunil Dut, Dharmendra Deol, Raj Kumar, Nana Patekar and on. The next time I hear from you, I will be happy to see the site up and running with this concept.
My suggestion would be that, you should not sell it now, wait some time, try to develop site a bit. I assure you that you will get a really fare amount than what you may get now.
Hey man, if you dont have time to manage it. I think better u find partners to manage it. You site is not bad m8. The topic is clear, the domain is directing to ur topic already. When people come to ur site, they already understand that most of the content is about bollywood star. I think the best idea find partners so u can share earning from ur web. You got u'r web running + Partners that have time to manage = success