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Fact #181548

When:

Short story:

The Beatles formally announce the appointment of Allen Klein of ABCKO as their financial manager.

Full article:

John Lennon [The Beatles] : We earned millions and millions of pounds, but The Beatles got very little of it. We've all got our houses, and we've managed to pay for them finally after all these years. That really only happened since (Allen) Klein came in.

Everybody connected with us is millionaires except for The Beatles. They used to tell Paul and I we were millionaires and we never have been. I might possibly be coming up to it shortly, if we get lucky. But it's true, we didn't get the money. George and Ringo are practically penniless. Yoko right now has more money than they had when Klein came in.

You know... Brian was a beautiful guy, Brian Epstein, and he was an intuitive theatrical guy... and he knew we had something and he presented us well. But he got lousy business advice. He was taken advantage of. We all were.
(Source : not known)