Dave Holmes, the former manager of Coldplay, is suing the band for more than £10 million (about $12 million) in unpaid commissions.
This legal action follows Holmes’ recent breakup with the “Paradise” rock band and the filing of a lawsuit in the U.K. High Court. Holmes managed the band led by Chris Martin for more than 20 years.
Who is Dave Holmes?
Dave Holmes managed the band ‘Coldplay for 22 years. Last year, their long-standing association came to an end. His involvement with the band began in 2000 when he first crossed paths with them and teamed up with Phil Harvey during Coldplay’s formative years.
The band is now dealing with a lawsuit for breach of contract from their former manager, whose important contributions are amply highlighted in the band’s official documentary, “A Head Full Of Dreams.”
According to Holmes’ legal filing, he alleged that the band had failed to keep an agreed-upon contract related to their tenth and eleventh albums, for which the manager was supposed to receive commission payments.
According to the lawsuit, Coldplay received an advance of £30 million ($38 million) for their eleventh album and £35 million ($44 million) for their twelfth record, both of which have not yet been released. According to Dave Holmes, he ought to have been granted a commission for these albums. The band’s eighth and ninth albums, “Everyday Life” and “Music of the Spheres,” were covered under his previous contract, which also included commission payments ranging from 8% to 13%.
Dave Holmes claimed violation of the contract extension, and the group made an effort to demote him from manager to head of touring.
He is now asking the British court for a declaration that the contract relating to the tenth and eleventh albums is legal and to pay the unpaid commission. In addition, he is asking for restitution or “payment of a reasonable charge” for the work he has already done on these documents. His legal team determined that the claim was worth more than £10 million ($12 million).