|
|
Who supervises The Rolling Stones' financial affairs?
Question
#117856. Asked by 29CoveRoad. (Sep 28 10 10:36 AM)
|
Zbeckabee

|
guardian.co.uk, Friday 25 May 2007 18.47 BST:
The Rolling Stones have waved goodbye, not to Ruby Tuesday, but Prince Rupert Loewenstein, their long standing business manager who rescued them from financial oblivion in the 1970s.
The band, currently rehearsing for a European tour starting next month, said they parted with the banker turned financial adviser on good terms after 37 years together. In a statement the four band members said: "Prince Rupert Loewenstein is no longer taking care of The Rolling Stones day to day business but is currently retained on some aspects of their career.'
It is understood his position will not be replaced and band members will look after their own finances, though he will continue to advise on some of their investments.
http://www.guardian.co.uk/business/2007/may/25/11
|
gtho4

|
Prince Rupert Loewenstein
Unlike other top British bands of the last 40 years, their financial affairs are not overseen by any UK-based limited companies, through whose published results one could study their status. The group has links with at least two Dutch companies, which own Stones' trademarks and copyrights. The benign Netherlands corporate tax laws probably hold the key to this position. The opaque nature of Jagger's finances can be traced back to the early Seventies. Then, under the guidance of their new business manager Prince Rupert Loewenstein, they became rock's first tax exiles, driven to the Continent by Britain's high rates of personal taxation. They have never returned, in the fiscal sense.
http://www.thefreelibrary.com/JUMPIN+JACK+STASH!+Mick+Jagger+has+just+20+days+to+tell+a+judge+what...-a0109686786
|
Find something useful here? Please help us spread the word about FunTrivia. Recommend this page below!
|