U2's tangled financial web
A cursory glance at U2's accounts might lead hasty observers to conclude that the band is in a spot of financial bother.
A cursory glance at U2's accounts might lead hasty observers to conclude that the band is in a spot of financial bother. Accounts for Not Us, the band's holding company, for the year ending December 31, 2003, show the firm with debts of more than €18.5 million.
A deeper inspection of the band's finances – a myriad of subsidiaries, inter-company loans and trusts – reveals that much of the money owed by Not Us is owed...
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