A dispute between two business partners about an official Game of Thrones Iron Throne replica, which is being commercially showcased all over Ireland, has been resolved, the Circuit Civil Court was told yesterday.
Mark Russell, of Block A, Smithfield Market, Smithfield, Dublin, had claimed that business partner Stephen Cronin Saleh planned to remove the throne from the country.
Russell claimed that he and Cronin Saleh had last March agreed to purchase and exploit the HBO licensed replica of the throne used in the fantasy drama TV series Game of Thrones.
The court had heard that Russell bought the throne for €15,000 from a seller in Canada. It had then been licensed to Cronin Saleh, who was granted an option to buy the throne, and both parties had agreed to a profit share arrangement.
When the matter previously came before the court, barrister Stephen Moran, counsel for Russell, said the initial agreement stated that the throne was to remain his client’s property until Cronin Saleh had repaid the €15,000. The ownership of the title would then be transferred to Cronin Saleh.
Russell claimed they had also agreed to incorporate a company, Fancosmic Ltd, and that he would get 35% of its shares. He had been registered as a director of the company.
The court heard that the throne was to be displayed at events and shopping centres in Ireland and in the UK, where members of the public would be given the opportunity to sit in it and have their picture taken for a €10 to €25 fee.
Mr Moran, who appeared with McHale Muldoon solicitors, said Mr Russell also lent Cronin Saleh a further €5,000 to fund working capital.
The court heard that Cronin Saleh removed him as a director of Fancosmic Ltd last June. He had also removed his access privileges and cancelled all his permissions regarding the company.
Russell alleged that Cronin Saleh, of Hazelwood Avenue, Glanmire, Co Cork, had refused to speak to him since last May and had failed to return the throne to him. Cronin Saleh had also failed to repay the €20,000 sum.
The court heard that Russell believed that Cronin Saleh intended to remove the throne from the country and Russell had sought an injunction against him and against Fancosmic Ltd, of Upper Pembroke Street, Dublin.
The judge had last week accepted an undertaking by Cronin Saleh not to remove the throne from the country until the full hearing of the application yesterday.
Mr Moran told Circuit Court president Mr Justice Raymond Groarke that following talks between the parties, the matter had settled. Terms of the settlement include payments of money by Cronin Saleh to Russell, who will relinquish his rights to the throne.
The court heard that when the throne was displayed at the Mahon Point shopping centre in Cork last April, Fancosmic Ltd generated €7,500.
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