AC/DC was founded in Sydney, Australia, by two brothers, Malcolm (the seventh of eight children in the Young family) and his younger brother Angus.
"Renowned for his musical prowess Malcolm was a songwriter, guitarist, performer, producer and visionary who inspired many", the statement said.
"Malcolm, along with Angus, was the founder and creator of AC/DC". He took great pride in all that he endeavored.
"His loyalty to the fans was unsurpassed", he wrote.
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In a familiar sequence, the second set started with an early break from Dimitrov allowing the 26-year-old Bulgarian a 3-0 lead. He broke Sock's first service game of the second set and attacked early with huge serves and fast, intimidating net play.
The band concludes the message with a simple tribute to Malcolm stating that the guitarist "leaves behind an enormous legacy that will live on forever".
It was later revealed that he had dementia and would be permanently retiring. He last performed with the band in 2014, then stepped aside for his nephew, Stevie, to take over rhythm guitar duties for the band's last tour to promote its 2014 album, Rock Or Bust.
"He was older than me - I always looked up to him", Angus said of his brother past year in an interview with Rolling Stone Magazine, saying he was "always one to battle through". "And I'm not going to say no". "He had that drive, and I feel obligated to keep it going, maybe because I was there in the beginning with him".
Malcolm's brother and bandmate Angus Young opened up in a heartfelt post on the official AC/DC Facebook account, sharing the impact his brother had both professionally and personally. The band's original lead singer, Bon Scott, died in 1980. "With enormous dedication and commitment he was the driving force behind the band", a statement read on AC/DC's Facebook page, which by Sunday had been shared by almost half a million fans. Eddie Van Halen, the guitarist, tweeted, "I had some of the best times of my life with him on our 1984 European tour".
Young's last appearance with his band was in 2010 in Bilbao, Spain; in 2014, Angus told Rolling Stonethat there had been signs of his brother's deteriorating condition for at least six years, even before the 2008 album Black Ice was made, and Malcolm was having problems with his memory and concentration. The family asked, in lieu of flowers, fans donate to The Salvation Army.