Earthlinggb's Blog

Who was Allen Klein?

Posted in Money, Music artists, The Corrupt SOB's by earthlinggb on July 12, 2017

Well, of course, Beatles fans will know WHO he was but I wonder how many even think about WHAT he was?

I’ve never really done a LOT of research into the Beatles because I’ve never really been a huge fan of theirs. However, it’s interesting when you do look at some of the characters who were involved with their business aspects. For example, you had, early on of course, their Manager, Brian Epstein: In 1997, Paul McCartney said, “If anyone was the Fifth Beatle, it was Brian.” Epstein, of course, was a jew.

The Beatles’ unquestioning loyalty to Epstein later proved detrimental, as the band rarely read contracts before signing them. Shortly after the song “Please Please Me” rose to the top of the charts in 1963, Epstein advised the creation of Northern Songs, a publishing company that would control the copyrights of all Lennon–McCartney compositions recorded between 1963 and 1973. Music publisher Dick James and his partner Charles Silver owned 51-percent of the company, Lennon and McCartney each owned 20%, and Epstein owned 9%. Epstein would know fine well what he was doing of course. Unsurprisingly, Epstein was also gay.

Brian Epstein (far left) with the Beatles

In 1964 Allen Klein approached the Beatles’ manager, Brian Epstein, with an offer for the Beatles to sign with RCA for $2 million but Epstein wasn’t interested, saying that he was loyal to EMI. After Epstein died in August 1967, in January 1968 the group formed Apple Corps, which they announced in May 1968. They hoped it would provide the means for correcting Epstein’s unfortunate business decisions, which had both limited their incomes and ensured high tax burdens. Although “Hey Jude”, the Beatles’ first Apple release, was an enormous success, the label itself was a money pit, with little accountability for how money was being spent.

Klein contacted John Lennon after reading his press comment that the Beatles would be “broke in six months” if things continued as they were. On January 26, 1969 he met with Lennon, who retained Klein as his financial representative, and the next day met with the other Beatles. Paul McCartney preferred to be represented by Lee and John Eastman, the father and brother respectively of McCartney’s girlfriend Linda, whom he married on March 12. Given a choice between Klein and the Eastmans, George Harrison and Ringo Starr preferred Klein. Following rancorous London meetings with both Eastmans, in April Klein was appointed as the Beatles’ manager on an interim basis, with the Eastmans being appointed as their attorneys. Continued conflict between Klein and the Eastmans made this arrangement unworkable. The Eastmans were dismissed as the Beatles’ attorneys, and on May 8 Klein was given a three-year contract as the business manager of the Beatles. McCartney refused to sign the contract but was out-voted by the other Beatles.

Despite their initial enthusiasm to have him appointed to handle the Beatles’ affairs, both Harrison and John Lennon subsequently became disenchanted with Klein. Harrison’s “Beware of Darkness” from his All Things Must Pass album contained the lyric “beware of ABKCO” in an early demo version; while Lennon’s “Steel and Glass” from the 1974 Walls And Bridges album is also a thinly veiled dig at Klein. In early 1973 the former Beatles served notice that they would not be renewing Klein’s management contract when it expired in March. Klein sued the Beatles and Apple in New York, and they sued him in London.

Suffice to say there is more to the story however, the point is Klein was born in Newark, New Jersey, the fourth child and only son of Jewish immigrants. That says it all. Never trust a Pharisee! No matter what they promise you!

Klein with John & Yoko.

 

John admitting McCartney was right….

 

 

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