The colourful Johnny Ronan appears to hold 186 directorships of companies, so there may be plenty more to which NAMA can have receivers appointed after today’s edition of Iris Oifigiuil showed that NAMA has now had receivers appointed to 35 companies associated with the Treasury Holdings founders, Richard Barrett and John (Johnny) Ronan. The latest company to fall to NAMA is Alhans Limited, a company associated with a 30-home residential development in Kinsealy, north Dublin. NAMA had William G O’Riordan and Declan McDonald of PricewaterhouseCoopers appointed on 25th April, 2012.
NAMA is certainly maintaining a drip-drip of recovery actions against Treasury with an application to Dublin’s High Court last week pursuing the pair personally after the so-called TAIL transaction in 2010 which saw the dynamic duo transfer assets worth €20m from their company to themselves in return for loans – NAMA was unhappy with the transaction though Johnny and Richard say it was an open market transaction and all above board. NAMA also secured charges over cash and property understood to be worth millions of euro in advance of the forthcoming judicial review of NAMA’s dealings with Treasury’s loans which saw mass foreclosure action in January 2012. And NAMA has been appointing receivers to companies in the Treasury Holdings group intermittently since January 2012.
Remember you can see a comprehensive list of Irish foreclosure action by NAMA here and in this regularly updated spreadsheet.
i think it is channel 4 running a series on urban foxes from Battersea site.Wow! Some site.All flattened and ready to go.,Worth checking out just to see the site.
Speaking of urban foxes,one wonders does NAMA,consider ‘sales’ to say one’s sister to be arms length and beyond its reach,probably just a complete coincidence that Town Bar and Grill,stayed with the Ronan family!
“Meanwhile, it is understood that Gillian Ronan, the sister of Treasury Holdings boss Johnny Ronan and a successful businesswoman in her own right, is the most likely candidate to take over at the Kildare Street restaurant.”
I’m sure she was……… Of all the gin joints, in all the towns, in all the world, she bought that one!
http://www.independent.ie/national-news/topranked-restaurateur-expected-to-leave-dublin-2654214.html
Speaking again of urban foxes, what does this mean?
“Now, two years on, Ryan, who is in a long-term relationship with television presenter Pamela Flood, is set to spread his wings once more.”
I pray that Pamela is not the last to know.