K.K. DOWNING On Collapse Of His Luxury Golf Course Venture: 'I Made A Few Rubbish Business Moves'

K.K. DOWNING On Collapse Of His Luxury Golf Course Venture: 'I Made A Few Rubbish Business Moves'

Former JUDAS PRIEST guitarist K.K. Downing spoke to Billboard about his decision to sell his share of the royalty rights to 136 of the band's tracks, including classic songs "Breaking The Law", "Living After Midnight" and "Painkiller", to Round Hill Music. The deal was made following the collapse of his luxury golf course venture.

The rights, which consist of Downing's publishing and writer's share, and his artist royalties from the master recordings, were put up for sale earlier this year after a number of his U.K. leisure businesses were placed into administration (similar to Chapter 11 insolvency in the U.S.).

According to administrators FRP Advisory LLP, who handled the rights sale, Downing's catalog share generates between $340,000 and $400,000 per year in royalties.

Downing told Billboard: "I'm in the process now of recovering everything else through the legal channels. I made a few rubbish business moves, but I can't complain, really, because I did okay. Lots of musicians end up with nothing, really, but I had an evaluation on the estate worth in excess of £13 million. Quite a few million pounds worth of music royalties and other assets as well. I'm suing a couple of lawyers for negligence. But, to be honest, the whole thing was a bit of a noose around my neck."

Story continues after advertisement

Such changes will lead to streamlining his lifestyle, which he has been contemplating for years. "Nothing happens in your life until you something forces you to change, you know?" he remarks. "I've been doing [other] things recently because I'm not running the estate now. I employed 31 people. Can you imagine what a nightmare that was? Now I'm planning to do things that I used to do. Because it's all about time as you get older."

K.K., who is a founding member of the British heavy metal legends and was part of the group since 1969, announced his retirement from PRIEST in April 2011.

He later shot down as "inaccurate" reports that he left JUDAS PRIEST because he chose to concentrate on running the golf courses on his property.

This past February, Downing said that he was "shocked and stunned" that he wasn't approached to rejoin JUDAS PRIEST following Glenn Tipton's decision to retire from the road due to his battle with Parkinson's disease.

Downing's autobiography, "Heavy Duty: Days And Nights In Judas Priest", was released on September 18 via Da Capo Press. The book was co-written by the Scottish author and journalist Mark Eglinton, whose previous collaborations include "Official Truth, 101 Proof" with Rex Brown of PANTERA and "Confessions Of A Heretic" with BEHEMOTH's Adam "Nergal" Darski.

COMMENTS

To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).