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Dragon's Den People

  • 09-05-2011 4:28pm
    #1
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,151 ✭✭✭✭


    I wonder whether this has anything to do with Ms. Newman not appearing in the latest Dragon's Den series?

    http://www.irishtimes.com/newspaper/breaking/2011/0509/breaking42.html
    Hurling legend DJ Carey and his partner, Sarah Newman, have consented at the Commercial Court to a judgment for more than €9 million against them in favour of AIB Mortgage Bank arising from loans and guarantees of each other's liabilities.
    Mr Justice Peter Kelly today granted judgment for more than €9.5 million against Mr Carey arising from an April 2007 mortgage loan of €7.85 million advanced in the context of a wider commercial transaction involving him and associated businesses to refinance existing debt due to Irish Nationwide Building Society and to release equity on properties held by him and Ms Newman.

    The €7.85 million loan was secured on properties at 908 Ladycastle, The K Club, Straffan, Co Kildare, and 5 The Inch, Mount Juliet, Co Kilkenny. The judgment also arises from Mr Carey's guarantee of May 2007, limited to €1.5 million, of the liabilities of Ms Newman.


Comments

  • #2
    Muckie
    Registered Users, Registered Users 2 Posts: 1,763 ✭✭✭Muckie


    You could be onto something there.

    Wonder did she/he get caught in the whole "speculate to accumulate"

    buzz!!

    Guess no-ones gonna listen to her advice for a while.


  • #3
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,151 ✭✭✭✭ejmaztec


    Muckie wrote: »
    You could be onto something there.

    Wonder did she/he get caught in the whole "speculate to accumulate"

    buzz!!

    Guess no-ones gonna listen to her advice for a while.

    I suppose they could go on the Dragon's Den, pitch an idea, and ask the new dragons for €9 million for a 20% share.


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