Coldplay pay out millions as they settle dispute with ex-manager
nme.comColdplay have paid out a seven-figure sum to their ex-manager Dave Holmes, who had sued them for £10million.Holmes parted ways with the band in 2022 after managing them for 22 years and sued them in August 2023 over a contractual dispute.He claimed he helped organise recording sessions, samples and string arrangements for the group’s as yet unreleased tenth and eleventh albums and the band refused to pay him.
Holmes alleged he was owed £10million in unpaid commission.Phil Sherrell, Holmes’s lawyer, told Variety: “Holmes successfully managed Coldplay for more than 22 years, steering them to be one of the most successful bands in history.
Now Coldplay is refusing to pay him what he is owed.”In October, Coldplay countersued Holmes, claiming that he owed them damages of over £14million and allege that he took out two loans from Live Nation that they had no knowledge of.
The band denied Holmes’ claim “in its entirety” and their counterclaim says they did not extend his management agreement “following a period of increasing concern regarding Mr Holmes’ conduct”.
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