Walsh shares €335k pay pot despite X Factor departure
Pop manager Louis Walsh last year shared a pay pot of over €335,000 from his main entertainment firm.
New accounts filed by Mr Walsh's management company, Brill Management Ltd, show that the firm recorded a loss of €369,677 in the 12 months to the end of February this year, and this followed a loss of €150,262 in the prior year.
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The loss resulted in the company's accumulated profits last year declining by 89pc, to €44,294 from €413,971. The cash pile at the company also declined, to €208,715 from €289,128.
Pay for the two directors, Mr Walsh and Desmond Morris, last year increased by 10pc, rising to €335,470 from €303,610.
The year under review coincided with Mr Walsh leaving 'The X Factor', after a record-breaking 13 years as a judge on the ITV talent show.
However, he recently confirmed that he will be returning to the next series of the entertainment show, which is due on our screens in 2020.
Earlier this month, Mr Walsh did not appear to be too concerned over Virgin Media's decision to axe 'Ireland's Got Talent', where he worked as a judge for two seasons.
He said: "Why would I do local telly when I can do 'X Factor'?" He added: "I've got too much work over here in the UK. I've been offered every single show at the moment; literally every show, every day."
Currently, Mr Walsh is overseeing Westlife's sell-out reunion tour.
The band has just completed a string of dates in the Far East, which followed its return to Ireland after two sell-out gigs at Croke Park in early July.
The 67-year-old Kiltimagh man's Brill Management employed three people last year, made up of two directors and one in administration. At the end of February, the firm owed €265,446 to directors.