U2’s longtime manager steps down

U2’s longtime manager steps down

U2 MANAGER STEPS DOWN: Members of the Irish Band U2 from left, Bono, The Edge, Adam Clayton and Larry Mullen, Photo: Associated Press

Irish rock legends U2 will now be looked after by Madonna’s manager Guy Oseary after the band’s longtime boss decided to step down.

The group has been managed by Paul McGuinness since he met them at a gig in 1978 and he has guided its stars Bono, The Edge, Adam Clayton and Larry Mullen, Jr. throughout their stellar career, but he is now stepping away from his charges.

McGuinness is preparing to sell his Principle Management company to concert giant Live Nation, which is also snapping up Maverick Records, which was co-founded by Madonna.

Oseary will take charge of U2 after the deal goes through.

A statement from McGuinness reads, “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…

“I have long regarded Guy Oseary as the best manager of his generation and there is no one else I would have considered to take over the day-to-day running of our business.”

Latest Headlines

in Entertainment

Cosby to be deposed in sexual abuse lawsuit


Bill Cosby was expected to testify under oath in a lawsuit brought by a woman accusing the veteran comedian of sexual abuse.

in Entertainment

OPENING WEEKEND: Biopic ‘Steve Jobs’ competes against ‘Pan,’ ‘The Walk’


Here's a look at the movies set to open nationwide this weekend.

in Viral Videos

WATCH: Soldier breaks rank to hug daughter at homecoming


Top brass at a Colorado Army post are all smiles after a 2-year-old girl interrupted a general's speech to dash across the room and hug her dad, who had just come home from a nine-month deployment.

in Entertainment

‘Ant-Man’ sequel and three more Marvel movies are coming


The superhero universe will add three more as of yet unnamed movies by 2020.

in Entertainment

Carlton says there won’t be a ‘Fresh Prince’ reboot


Alfonso Ribeiro is adamant there will never be a TV reboot of "The Fresh Prince of Bel-Air," because no one can take the place of their "cornerstone" James Avery.