Michael Flatley offeres to redeem €5.6m loan at centre of Castlehyde mansion dispute

Michael Flatley is prepared to redeem a €5.6m loan at the centre of a dispute with a lender, the Commercial Court has heard.

The loan was made to Mr Flatley’s Blackbird Film Productions Ltd by Novellus Finance Ltd which says there has been default on repayment and which Mr Flatley denies.

Mr Flatley provided a guarantee for the loan on the strength of the value of his Castlehyde mansion in Fermoy, Co Cork.

As a result of the alleged default, Novellus appointed a receiver over the property which Mr Flatley has challenged.

The court was told however by Ronnie Hudson BL, for Mr Flatley, that while his client had proposed redeeming the loan in full, there was now a dispute over what the redemption figure is with Novellus claiming almost €1 million more than the Flatley side say is due.

Mr Flatley, best known as a star in Riverdance and Lord in the Dance, also wrote, directed and starred in a 2022 film called Blackbird.

When Novellus appointed a receiver over Castlehyde, Mr Flatley…

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