Paul McGuinness is stepping down as manager of U2 after a career that spans more than 30 years. He is currently negotiating a $30 million deal to sell his company, Principle Management, to Live Nation. Guy Oseary, Madonna’s manager, is believed to be taking over the day-to-day running of the business.
McGuinness explained his decision:
“It could be seen as slightly poor etiquette for a manager to consider retiring before his artist has split, quit or died, but U2 have never subscribed to the rock and roll code of conduct. As I approach the musically relevant age of 64 I have resolved to take a less hands-on role as the band embark on the next cycle of their extraordinary career”.
Let’s take a look at some of the highlights of that career – check out our playlist here: