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Midnight at the Oasis?

jb_abides

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Amp360

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I would rather see Ray and Dave Davies play together again, but I liked some of the Oasis songs I heard on the radio. I never bought any of the records. If they can fill the seats, they may as well do it.
 

Xpensive Wino

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An Oasis comeback was always likely to be enormously lucrative for the Gallagher brothers, particularly after such a long hiatus. But why do it now? Is it all about the money? And what does the tour tell us about the brothers’ finances?

The Gallaghers have both endured expensive financial hits. Liam’s three-year marriage to the Lethal Weapon 2 actress Patsy Kensit ended in 2000. The size of the divorce settlement was never made public, but was conceivably a seven-figure sum.

A year later Noel split from his wife, the music publicist Meg Mathews, the mother of their daughter Anais. Their union ended with a £4 million settlement for Mathews — £1 million for each year the pair were married.

Liam’s break-up with his second wife, the All Saints singer Nicole Appleton, ended with a £5.5 million payment to Appleton in 2015. Court documents revealed this sum represented half the younger Gallagher’s wealth at the time. The same year, he also agreed to pay child support for his two-year old daughter Gemma by Liza Ghorbani, rumoured to cost him £3,000 a month. He has three other children, Lennon with Kensit, Molly with the singer Lisa Moorish and Gene with Appleton.

The couple also chalked up £800,000 of legal bills — a sum described as “manifestly excessive” by the presiding judge.

However, the cost of that legal brawl looks modest compared with Noel’s divorce from his second wife, Sara MacDonald. This constituted a £20 million settlement for MacDonald, and the former publicist also received their grade II listed country house, near the Hampshire village of East Meon on the South Downs. They share a son, Donovan Rory MacDonald Gallagher, born in 2007.

Noel was always the wealthier brother — and the more commercially attuned. The elder Gallagher was the principal songwriter so he has always received the lion’s share of royalties from album sales and record deals.

His sibling’s big bank balance clearly needled Liam. In 2016 he was asked if his brother would make it to the premiere of an Oasis documentary. “Oh no, he won’t be here,” Liam replied. “He’s in one of his really, really, really, really, really, really, really, really big houses.”

Financial records filed at Companies House give a flavour of the gulf between the brothers’ finances. Sour Mash Records, the label Noel set up to publish his post-Oasis music, shows a healthy £3.4 million on its balance sheet. Liam’s main company has assets of just £83,389.

Even the best-known musicians typically see less than half of box office takings from their tours. Venues, promoters and agents all take their cut. Then there will be tax to pay. Even so, the Gallaghers should jointly clear £50 million after tax from their comeback tour.




 
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