Michael Flatley will travel to Dublin to pay off loan at centre of mansion dispute
Lord of the Dance star Michael Flatley is travelling to Dublin on Friday to sign documents in a move to pay off the multi-million loan at the centre of a dispute over his Cork Castlehyde mansion, the High Court has heard.
The entertainer’s counsel, Ronnie Hudson BL, told the court on Thursday that the new redemption figure on the disputed loan, which had been taken out by Mr Flatley’s film production company with the former Riverdance star as guarantor, now stands at €6.9 million.
The loan, Mr Hudson said, was “on the cusp of redemption.”
However, counsel for the company Novellus Finance, which had a receiver appointed over Castlehyde over alleged loan default, submitted to the court that there have been “empty promises” and its refrain now was “show me the money.”
At issue in the case is the original € 5.6 million loan made to Mr Flatley’s Blackbird Film Productions Ltd by Novellus Finance Ltd, with registered offices at St Stephen’s Green, Dublin in 2023…
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