Tuesday, January 24, 2006
On this date, January 24, 1962, one of the most famous management contracts in music history is signed. At the home of drummer Pete Best at 8 Hayman's Green, West Derby, Liverpool, he and the other members of the Beatles -- John Lennon, Paul McCartney, and George Harrison -- sign a five-year management contract with local record store owner Brian Epstein. Epstein doesn't sign, saying that this gave the group the option of withdrawing at any time.
On Pete Best's web site is a picture of him and his mother looking over the management contract for the Beatles.