O’Reilly seeks more time after Irish bank acts to recoup loans, Irish Times reports

Wed, 25 Jun 2014

In Ireland’s Commercial Court, Allied Irish Bank accused O’Reilly of being insolvent and a judgment was entered for 22 million euros of loans to him and a further 23 million euros due from two investment companies, according to the report. The court heard O'Reilly owed a total of 195 million euros to eight banks and a fund, it said. O'Reilly, a former Ireland and British & Irish Lions rugby player lost a battle for control of Independent News & Media, which invested in the New Zealand Herald and New Zealand radio assets via APN N...

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