Desmond nets €5.4m in UK dividend

Concert promoter Denis Desmond has added to his fortune by receiving a sizeable chunk of a €21mdividend from the UK music venue business he co-owns.

Desmond nets €5.4m in UK dividend
Tue, 29 Apr, 2014 - 01:00
Gordon Deegan

New accounts show that Academy Music Group Ltd last year paid a dividend of £17.2m (€20.9m) to its shareholders.

Mr Desmond — through his joint venture with Live Nation, the LN Gaiety Holdings Ltd entity — owns 26% of Academy Music and would have received over €5.4m from the dividend payout.

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CourtsPlace: UKPlace: ’s Bush EmpirePlace: DublinPerson: DesmondPerson: Denis DesmondOrganisation: Academy Music Group LtdOrganisation: Live NationOrganisation: LN Gaiety Holdings LtdOrganisation: Academy MusicOrganisation: Festival RepublicOrganisation: Academy Music GroupOrganisation: MCDOrganisation: Oxegen
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