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.Tags: