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Daniel pays almost €800,000 to buy out business partner

written by Stephen Maguire July 13, 2018
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Daniel O’Donnell bought out his former business partner for almost €800,000 when they parted ways.

Company records reveal how the Kincasslagh man paid Mick Clerkin €796,000 for his 50% in the men’s business.

New accounts filed by O’Donnell’s Brockwell Ltd which show that Daniel paid Clerkin €796,000 for his 50pc share of the business in December 2016.

The men had been business partners in the company for more than 30 years.

The sale puts a €1.59m value on O’Donnell’s touring company.

Businessman Clerkin is credited with launching O’Donnell’s music career when he spotted him playing at the London Music Festival in 1985 and signed him up to his own label, Ritz Records.

Clerkin resigned as a director of Brockwell in 2016.

Daniel pays almost €800,000 to buy out business partner was last modified: July 13th, 2018 by Stephen Maguire
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Brockwellbuy-outdaniel o'donnelldonegalKINCASSLAGH
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

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