October 9th 2023.
Coldplay, consisting of Chris Martin, Jonny Buckland, Guy Berryman, Will Champion, and Phil Harvey, are suing their former manager, Dave Holmes, for £14 million. Holmes had worked for the band for more than 20 years until his dismissal in 2022.
The countersuit comes after Holmes filed a £10 million claim against the band earlier this summer, alleging that they had not paid him the commission he was owed. However, Coldplay have denied this claim.
The Times reported that the band have accused Holmes of taking out two loans totalling around $30 million from promoters Live Nation, which they argue could have affected his ability to negotiate on their behalf. Additionally, they have accused Holmes of blowing the budget for their Music of the Spheres tour which kicked off in March 2022.
In the suit, the band allege Holmes failed ‘adequately to supervise and control the tour budget at all times’, and as a result, they are seeking £14 million in damages. A spokesperson for Holmes has responded to the suit, saying ‘accusing Dave of non-existent ethical lapses and other made-up misconduct will not deflect from the real issue at hand – Coldplay had a contract with Dave, they are refusing to honour it and they need to pay Dave what they owe him.’
Holmes started out with the group in 2001, and since his dismissal, Coldplay have been managed by Phil Harvey, Mandi Frost, and Arlene Moon, all of whom have worked with the band and Holmes for many years.
The Agency has reached out to Holmes’ reps for comment. This story is still developing, so stay tuned for more information as it comes in.
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