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Coldplay 'are forced to pay millions to ex-manager Dave Holmes as they finally settle bitter High Court battle after he sued the band for £10 million'
The band parted ways with Dave back in 2022 after over two decades, sparking a dramatic and lengthy legal battle.
'It is to be inferred that Mr Holmes was only able to acquire loans totalling $30 million at a fixed annual interest rate of 2.72 per cent from Live Nation by virtue of his position as Coldplay's manager', the claim states. A source close to Mr Holmes said: 'Whatever this legal filing may imply, the interest rates on the loan obtained from Live Nation by Dave were entirely consistent with those available everywhere in the United States at the time'. Holmes alleged that the band - frontman Chris Martin, guitarist Jonny Buckland, bassist Guy Berryman, drummer Will Champion - claimed to have never agreed to the extended contract and refused to pay him for the work he contributed to the album and tour preparations.
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