Daniel splits with his business partner
DANIEL O’DONNELL has split from his former manager and business partner of more than 30 years.
Mick Clerkin, a record-label boss credited with launching O’Donnell’s music career, last month resigned as a director of the touring company he co-owned with the Donegal crooner.
He was immediately replaced as director and company secretary of Brockwell Limited by Daniel’s wife, Majella. She is already a director of the singer’s other companies, DOD Promotions Ltd and Hollgain Ltd.
The entertainment firm, which is predominantly involved in the operation of concert tours, recorded accumulated profits of more than €1.8m in its most recent accounts and had a cash pile of €1.7m on its balance sheet.
Clerkin’s 50% stake in the company was converted into ordinary redeemable shares last month, allowing them to be purchased by the firm or transferred to another individual.
Cavan-born Mr Clerkin spotted O’Donnell playing at the London Music Festival in 1985 and gave him his first deal, signing him up to his own label, Ritz Records. The two men established Brockwell Limited the following year and O’Donnell has since become a household name.
A spokesman for the singer said that he had parted company with 76year-old Clerkin as a result of a mutual decision.
The spokesman did not respond when asked if Clerkin’s shareholding had been purchased by the O’Donnells.