Revealed: The secret boys’ club that is finally out in the open

The “Maple 10” were the most talked about secret club in Ireland.

Their identities had officially been unknown, despite the political controversy they created.

But it had been well leaked who the men were before the membership of the investment scheme was confirmed in court yesterday.

They are:

1. Seamus Ross (59)

The Longford man was involved in a vast array of developments in Ireland and abroad.

His flagship company, Menolly Homes, was heavily indebted to Anglo.

Earlier this year Menolly, which is in Nama, sold a €148m office block in London which was used to pay off some of his loans.

His developments have continued to cause controversy, not least because a large estate he brought to the market in north Dublin has been the focus of investigations into the effect of pyrite on the foundations of houses.

2. Gerry Gannon (60)

Until this year he was the notional co-owner of half of the K-Club after a Celtic Tiger spending spree saw him clock up more than a €1 billion in debt to Anglo.

He sold his 49% stake in the golf course to his business partner, Michael Smurfit, earlier this year. This was part of an asset selling scheme undertaken by Nama.

He also was the backer and chairman for the now defunct Sporting Fingal FC and had projects across the hinterland of north Dublin.

3. Paddy McKillen (56)

The Northern Irish developer has dominated the headlines regarding Anglo this year after his court action in England, for control of three London hotels, laid bare his involvement with the bank.

He revealed he personally owed a combined €370m to IBRC and Bank of Scotland Ireland. At its height he confirmed his total borrowings stood at €1.6bn.

He has not paid any substantive amounts off his loans since February 2011 but has told the high court in England that he believes everything he borrowed from Anglo will be paid back. He has a chateau in France and developed the Jervis St shopping centre in Dublin.

4. Jerry Conlon

The Kildare developer had interests in property, horses and hospitals. Last year he was ordered by Naas District Court to help the investigation into the Maple 10 after earlier he had not made himself available for interview.

Along with property holdings, such as a large business park on the outskirts of Naas, he also had invested in private hospitals in Dublin and Kilkenny.

Along with his debts to Anglo he also owes AIB more than €300m.

5. Sean Reilly (56)

He was the founder and driver of McGarrell Reilly holdings, which had subsidiaries in Ireland and Britain.

He set it up in the early 1980s and, having started small, moved into the upper echelons with the redevelopment of the marina in Malahide. He still owns a quarter of McGarrell Reilly Holdings.

It is responsible for plans for the city north business campus in Dublin and ambitious schemes in Kilcock, Kildare and near the Iveagh gardens in Dublin.

6. Brian O’Farrell (56)

A north Dublin auctioneer who got involved in building. He co-owned the Delvin Banks complex in the Naul, Dublin. This has been one of the experimental estates which Nama has used to trial its 80:20 mortgage arrangement.

He has a continued his involvement with his auctioneering business and is trading from Malahide.

7. Gerry Maguire (67)

Along with his wife, Noreen, he had an array of companies established to handle his affairs.

From his base in Meath, he was responsible for building shopping centres in Dundalk and Drogheda. He owns the Carroll Village that was badly hit by the demise of its anchor tenant Superquinn. The retailer was subsequently ordered to pay his company €500,000.

8. Patrick Kearney (58)

Based in Belfast he was the owner of PBN Holdings Ltd which had capacity to borrow up to €200m from Anglo at its height.

It specialised in residential and retail complexes and had delivered high-profile shopping centres in Belfast and Glasgow.

It has been reported that he was given a €15m loan to buy subordinated bonds in Anglo and was one of the premier clients at its Belfast office.

9. Joe O’Reilly (48)

He is now the biggest fish on Nama’s books. He entered the agency owing €2.8 billion and the fact he is paid €200,000 to help run his affairs from his Foxrock home has caused controversy.

He developed the Dundrum Town Shopping Centre, one of the most ambitious retail projects undertaken in Europe. His housing development companies, Chartered Land and Castlethorn Construction, delivered tens of thousands of houses across the country during the boom.

10. John McCabe (72)

The Meath builder had interests in London and right along Dublin’s commuter belt. He was in partnership with another developer Paddy Kelly, in London. His London sites have been put on the market by Nama and this month it was reported one of his complexes found a buyer for its estimated value of €65m. He developed up market complexes in Malahide, Meath and near Phoenix Park.


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