
In January 1981, Yes met at Steve Howe’s house in Hampstead. The previous year had been a fraught one for the band: following the departure of Jon Anderson and Rick Wakeman, the three remaining members – Chris Squire, Alan White and Howe – had recruited Trevor Horn and Geoff Downes from new-wavers The Buggles. The resulting album, Drama, remains a fan favourite, but was created under extreme pressure with a US tour only months away. During the shows that followed, Horn frequently struggled to fill Anderson’s shoes. All was not well.
Horn was effectively fired after the tour, and Squire and White announced a plan to form a new project with Jimmy Page of Led Zeppelin. This left Howe and Downes holding the baby, with no appetite to continue as Yes. Within months, the remaining duo joined forces with John Wetton and Carl Palmer to form Asia, while Horn made the second Buggles album and started a production career. Then-manager Brian Lane was horrified: he’d lost Yes and the band went on to lose their record contract with Atlantic.