Saturday 22 September 2018

Daniel O'Donnell gives former business partner €796k 'send-off'

Irish singer Daniel O'Donnell
Irish singer Daniel O'Donnell
Independent.ie Newsdesk

Independent.ie Newsdesk

Singer Daniel O'Donnell gave his former business partner of more than 30 years, Mick Clerkin, a €796,000 'send off' when they parted ways.

This is confirmed in new accounts filed by O'Donnell's Brockwell Ltd which show that Daniel paid Clerkin €796,000 for his 50pc share of the business in December 2016.

The sale puts a €1.59m value on O'Donnell's touring company. Businessman Clerkin is credited with launching O'Donnell's music career when he spotted him playing at the London Music Festival in 1985 and signed him up to his own label, Ritz Records.

Clerkin resigned as a director of Brockwell in 2016.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business