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"I feel like it's always raining in our songs, that bittersweetness. . . . We surrender too easily to the blues. We, if we're not careful, are bleeding all over the world."

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U2 manager Paul McGuinness's firm files pretax losses of €1.8m

The Irish Times, February 03, 2012

 

Pretax losses at the artist management company controlled by U2's manager Paul McGuinness last year increased seven-fold to €1.8 million, writes Gordon Deegan.

Accounts filed by Principle Management Ltd show the firm's revenues decreased from €4.8 million to €3.1 million in the year to the end of March 2011.

Mr. McGuinness, his long-time associate Trevor Bowen and U.S.-based Keryn Kaplan received aggregate remuneration totalling €1.6 million during the year.

The firm filed a pretax loss of €253,821 in 2010.

© The Irish Times, 2012.

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