Sat Jul 4, 2009 7:08pm BST
LOS ANGELES (Reuters) - Record label mogul Allen Klein, who handled
the affairs of both the Beatles and the Rolling Stones, died in New
York on Saturday after a battle with Alzheimer's disease, a spokesman
said. He was 77.

During a career spanning more than 50 years, the former New Jersey
accountant secured a fortune as one of the savviest and most infamous
players in the music business.

He played a key role during the bitter demise of the Beatles, coming
on board in 1969 at the behest of John Lennon, Ringo Starr and George
Harrison. Paul McCartney was fiercely opposed to Klein, preferring the
legal expertise of his high-powered father-in-law Lee Eastman. The
feud set the scene for the court battle that led to the group's
dissolution.

Klein later reunited with Harrison to organise the all-star Concert
for Bangladesh show in 1971 concert. It took a decade for the funds to
reach the refugees because of complex tax problems. He also continued
to work with Lennon and Yoko Ono.

Klein also managed the Rolling Stones during the 1960s and ended up
owning the rights to their recordings and copyrights from that decade
-- to the eternal regret of Mick Jagger.

He first made his mark in the music industry by auditing record labels
on behalf of clients such as Bobby Darin and Connie Francis. When he
invariably found that they were owed royalties, he took a percentage
of the difference as a fee. he also managed Sam Cooke, helping the R&B
star set up his own label and publishing company.

Klein's family-owned ABKCO Music & Records also handled the recordings
of such artists as the Animals, Herman's Hermits, Bobby Womack,
Marianne Faithfull, the Kinks, Chubby Checker, Bobby Rydell and many
others.

He is survived by his wife and three adult children. His funeral will
take place in New York on Tuesday.
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