Itās hard not to see that the result of this court case is that heāll be forced to buy his minority shareholders out. Heāll have to get those funds from somewhere - I think they were suggesting that it was worth ā¬200m so heāll need about ā¬20m to do that.
I canāt imagine any investor wanting to go in with him unless they had water-tight Shareholders Agreements and governance.
As I said, Iāve no real strong opinions on Cosrgave I just find it funny how eager the MSM go after a lad who shows them up as being establishment shills. I find it laughable that its the FG heads he drives around the bend though, some people canāt take official Ireland being landed a few digs.
Iād like to know why his partner is only coming out with these allegations now and why he didnāt go to the Gardai with this information, I think that may be a criminal offwence
Art - what way do Affidavits work? Would the media have been sent them by Daire Hickey/The other guy prior to them being āopenedā in court? How would they normally get their hands on them?
theyd have to be sent by one of the parties iād say. the affidavits are filed in the court ofice and then exchanged so only the parties will have them, before they are opened in court
I presume in this case that the minority shareholders leaked them directly to the press to cause maximum reputational impact on Paddy (and also because theyāll presume that if he has any chance to do the same he will)
absolutely, also helps to have a few friends in the media to leak the contents. i think its fair to say that noone in this whole shitefest is coming at it with clean hands