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

Pre-tax profits at the UK-based entertainment group co-owned by concert promoter, Denis Desmond, last year jumped by 50% to £6.4m (€9m).

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.