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Comments
But, good on you, I'd be likely to come to a gig!
Seriously: If you value it, take/fetch it yourself
Unless your singer has already tried to 'copyright' the songs to his own name then he is in no stronger position than you at the moment.
I'd love to know what kind of money here this OP is talking about....he's already said he "makes a living from playing music" but is that gigs or money from written & recorded music sales ? If the latter then I'd be interested to see/hear their output. He doesn't want to discuss 'how much' for some reason (hey mr taxman! ) but its an interesting topic!!
I make a living from primarily teaching guitar and that is also supplanted by my covers band doing gigs. I am far from rich and its not likely I ever will be, but I get by and it also finds my GASsage and a nice bit of gear has been accumulated over the years.
As for original bands round here - nobody is making anything much from it. Its a bit of fun and is usually funded by a day job....unless you 'make it' which means you're in the 0.001% of those involved in this 'industry'.