McEvaddy tunes into E10m with FM104 sell-off

BUSINESSMAN Ulick McEvaddy will net nearly E10 million from the sale of Dublin radio station FM104 to Scottish Radio Holdings, the owner of Today FM.
McEvaddy tunes into E10m with FM104 sell-off

Mr McEvaddy, the co-founder of aircraft leasing firm Omega Air, yesterday sold his 38% of FM104 for E26 million in cash and shares.

SRH will also assume the station’s debt, bringing the total value of the takeover to more than E30m. Around 45% of the deal will be financed through the issue of SRH shares, with the rest paid in cash.

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