MCD boss Denis Desmond shares in €17.3m dividend

Concert promoter Denis Desmond shared in a near- €17.3m dividend payout last year from a firm co-owned by his UK joint venture.

LN Gaiety Holdings — the joint venture between international promoter Live Nation and Mr Desmond’s Gaiety Investments vehicle — has a 26% holding in UK live venue owner Academy Music Group (AMG).

Latest accounts for AMG show that it paid out £13.64m (€17.26m) in dividends last year.