Johnny Rohan

Patrick2010

What’s the Indo such interest in him?? Has he shares in it? He’ On page 2 and 3 of it today and an exclusive interview tomorrow in the Sunday Indo

Eric Cartman

The bewleys thing is a storm in a teacup, the usual poe faced commentators are out in foce vilifying him for being a good businessman to try save a bad business from closure, despite having never attended it themselves.

Odhinn

Eric Cartman wrote: »

The bewleys thing is a storm in a teacup, the usual poe faced commentators are out in foce vilifying him for being a good businessman to try save a bad business from closure, despite having never attended it themselves.

You may not have heard of a thing called "lock down", in which business is closed because of a virus pandemic.

Eric Cartman

Odhinn wrote: »

You may not have heard of a thing called "lock down", in which business is closed because of a virus pandemic.

Wasnt profitable anyway, this was the straw that broke the camels back

One eyed Jack

Odhinn wrote: »

You may not have heard of a thing called "lock down", in which business is closed because of a virus pandemic.

Bewleys were struggling to sustain themselves long before any lockdown though.

shanec1928

Odhinn wrote: »

You may not have heard of a thing called "lock down", in which business is closed because of a virus pandemic.

They owned the building and then sold it and rented it back..hard to have any sympathy for them

Odhinn

shanec1928 wrote: »

They owned the building and then sold it and rented it back..hard to have any sympathy for them

Seems like a stupid thing to have done, certainly. Then again who could have forseen the situation we're in now.

One Eyed Jack wrote:

Bewleys were struggling to sustain themselves long before any lockdown though.

Possibly. Theres no doubt the lock down is what finished them though.

healy1835

You Don't Mess with the Rohan

One eyed Jack

Odhinn wrote: »

Possibly. Theres no doubt the lock down is what finished them though.

No possibly about it, they were maintaining trading on the good will of the Bewleys brand. They would eventually have run the business into the ground if current circumstances hadn’t forced them to accept the reality of their situation sooner rather than later.

Eric Cartman

One eyed Jack wrote: »

No possibly about it, they were maintaining trading on the good will of the Bewleys brand. They would eventually have run the business into the ground if current circumstances hadn’t forced them to accept the reality of their situation sooner rather than later.

They were barely covering their overheads anyway. Probably the lowest footfall building on the street. All Ireland final weekend was the only time it was ever busy

colm_mcm

shanec1928 wrote: »

They owned the building and then sold it and rented it back..hard to have any sympathy for them

They’ve been renting it since the early 80s

LeYouth

healy1835 wrote: »

You Don't Mess with the Rohan

Ronan surely? Unless he's from Middle Earth or something

Dravokivich

LeYouth wrote: »

Ronan surely? Unless he's from Middle Earth or something

The thread title says Rohan. Quite a few threads have said Rohan. Must be a predictive text thing.

lawred2

Eric Cartman wrote: »

They were barely covering their overheads anyway. Probably the lowest footfall building on the street. All Ireland final weekend was the only time it was ever busy

Well that's not true

But even with the foot fall they did have, it was never going to cover that rent.

salmocab

Wasn’t this ‘saved’ a few years back?
I don’t understand the nonsense been talked about. People obviously weren’t bothered enough about the place to spend their money there. It shouldn’t be kept open because people say meaningless things like old Dublin institution.

colm_mcm

lawred2 wrote: »

Well that's not true

But even with the foot fall they did have, it was never going to cover that rent.

Apparently they were turning over 4.5m in 2014.

Fann Linn

Was Jonny saved himself by this State the last time FF / Greens ran us over the cliff??

colm_mcm

Fann Linn wrote: »

Was Jonny saved himself by this State the last time FF / Greens ran us over the cliff??

Temporarily anyway.
To his credit, he paid off his debt to Nama.

nullzero

LeYouth wrote: »

Ronan surely? Unless he's from Middle Earth or something

Ha ha, Gondor calls for aid...

elperello

Johnny Rotten - total legend.

Patrick2010

Patrick2010 wrote: »

What’s the Indo such interest in him?? Has he shares in it? He’ On page 2 and 3 of it today and an exclusive interview tomorrow in the Sunday Indo

The sycophancy is disgusting. Another slobbering piece, "that's our Johnny living it large". Interviewed by Barry Egan's wig, the golden circle is alive and well like 2008 never happened.

Richard Hillman

A creepy individual

Melanchthon

A prick! And I don't get the more economically right wing people who defend him as he is a useless business man too.

My hope is that in the aftermath of this crisis when the rents issue raises it's ugly head whatever government is in when faced with the cries of unconstitutional nature of stopping upward only rent reviews and other practices promises a referendum which might shut people up.

Melanchthon

colm_mcm wrote: »

Temporarily anyway.
To his credit, he paid off his debt to Nama.

I don't think he paid it off himself he got financing from some US vulture funds I think

NIMAN

It's our new obsession with wealth.

Don't quite know when it started.
Journos seem to look up to the mega wealthy too.

Better Than Christ

Dravokivich wrote: »

The thread title says Rohan. Quite a few threads have said Rohan. Must be a predictive text thing.

What sort of aunt doesn't bother checking the thread title for errors before posting it?

If he's anything like Johnny Ronan, he's an absolute parasite.

colm_mcm

Melanchthon wrote: »

I don't think he paid it off himself he got financing from some US vulture funds I think

Either way, Nama actually made money on him.

Melanchthon

colm_mcm wrote: »

Either way, Nama actually made money on him.

Did they actually make money? I thought they sold the debts for less than their actual value (particularly Battersea) but not sure if that meant they lost money overall or just misjudged value of assets.
Either way Johnny Ronan isnt a great businessman it was the other dude he worked with that was the economist.

Darc19

Odhinn wrote: »

You may not have heard of a thing called "lock down", in which business is closed because of a virus pandemic.

Lock down started in March. Bewleys Cafe lost €1.5 million last year.

Basically, even if rent was €1, they'd have lost money

L1011

Eric Cartman wrote: »

The bewleys thing is a storm in a teacup, the usual poe faced commentators are out in foce vilifying him for being a good businessman to try save a bad business from closure, despite having never attended it themselves.

If you think he has a snowballs chance in hell of getting the passing rent from someone else when the unit is:

a: protected up the wazoo, exterior and interior
b: has a specific zoning restriction to cafe use only that can only be varied by the city council; who hate him

You really don't know what current retail rents are


It'll either lie empty or he'll cave in and give them a massive rent cut to get some money from it. Nobody else is going to pay for it.

Bewleys are willing to take a certain amount of loss on it as marketing for their retail products.

L1011

colm_mcm wrote: »

Either way, Nama actually made money on him.

NAMA making money nearly always still means the state lost money in total - the difference between what NAMA paid the banks and the banks book value was generally bailed out by the state.