There were some differences in the Sundays over the final figure, but the consensus was that Bloxham partners face a €30 million-plus bill as a result of the broker’s failure.
The Sunday Independent pitched the figure at €34 million. The Sunday Business Post and Sunday Times both estimated the final bill would be about €30 million.
All three reported that partners Pramit Ghose, Paddy Finnegan, Niall Tinney, Ray Deasy, Paddy Dempsey, Peter Costigan and Tadhg Gunnell owe a total of €14 million.
The Sundays reported each used special purpose, unlimited liability companies to borrow different sums to invest in the firm. As the companies are unlimited, the individuals are themselves liable for the debts.
* Cutbacks at RTÉ’s loss-making 2fm may mean broadcaster Ryan Tubridy’s future could be decided by September, according to the Sunday Business Post.
RTÉ is seeking €25 million in cuts across the board. A major shake-up at 2fm, which has been losing money for the last three years, is planned as part of this process.
The station may have to lock down its schedule for the next three years beginning on September 1st, which has led to speculation that a decision will be made about Tubridy’s future at that stage.
His morning radio show has been suffering from poor ratings, and the Sunday Business Post says locking down 2fm’s schedule for a three-year period could mean pressure to either include him in the line-up or to see him exit the radio station. There has been talk for some time that Tubridy may move to Britain.
Cyril McGuire, who made more than €20 million from the sale of Trintech, has set up a private equity fund that plans to back up to five developing firms.
McGuire is not targeting any specific areas, but told the Sunday Independent he is interested in cloud applications, social commerce and mobile.
He will primarily look at companies beyond the start-up stage looking to develop scale.
The money will come mainly from his own resources, family and business contacts. McGuire was a founder investor in betting exchange Betfair, and backed Skillpages and Mpstor.
