This special stud is a racing certainty to sell

The Greek tragedy being played out in the high profile disposal of the goods and chattels of Irish businessman Anthony O’Reilly sees his primary Irish residence newly on the market.

The upshot of a long battle to maintain control of his business empire sees Castlemartin Stud on the block as part of O’Reilly’s bid to offset €45 million of borrowing from AIB, the state-owned bank.

The sale price quoted of €30 million may put a dent in the judgement from the lender, but O’Reilly’s total indebtedness is reported to be €195 million from losses accrued through investment in companies abroad, INM shares and also, Waterford Wedgewood shares.