The Supreme Court has described as “understated” a finding that businessman Philip Lynch gave “hopelessly confused and unreliable” evidence concerning the circumstances leading to a €25m loan being issued to buy development lands in Waterford.

THE Commercial Court will rule next month whether businessman Philip Lynch and his family have any liability to Allied Irish Banks for a €25 million loan issued to them to buy development lands in Co Waterford.

PAUL McGINLEY was nicely positioned to make local knowledge pay when he stood four under par through 27 holes in yesterday’s final qualifying round for the British Open at Sunningdale.

Paul McGinley has received a late call-up into tomorrow’s Open Championship qualifier at his home course Sunningdale – thanks to fellow Dubliner Peter Lawrie.

THE Commercial Court has reserved judgment on the action by businessman Philip Lynch and his family aimed at preventing Allied Irish Banks pursuing them for repayment of a €25 million loan to buy development lands in Waterford.

THE long-running action by businessman Philip Lynch and his family aimed at preventing AIB pursuing them for repayment of a €25 million development loan is expected to conclude at the Commercial Court today.

AIB has told the Commercial Court it is not contending that businessman Philip Lynch and his family are liable for all of the AIB debts of developer Gerry Conlan arising from a mortgage related to a €25 million land deal in Waterford.

AN action by One51 investment group chief executive Philip Lynch and his family aimed at preventing AIB pursuing them over a €25 million loan to buy development lands has been adjourned to next week.

A DAUGHTER of Philip Lynch has denied AIB would not have sought a net-worth statement for Mr Lynch, which showed he had assets of more than €48 million in 2007, if a €25m loan to buy lands for development involved no recourse to the One51 investment group chief executive or his family.

PHILIPPA GREGORY is best known for The Other Boleyn Girl, her Tudor novel that spawned both a TV series and the 2008 film starring Scarlett Johansson.

West Ham fan Sam Little believes it will be a “Great Escape” to eclipse that of the Hammers in the Premier League last season if he can keep his European Tour card in the Mallorca Classic.

IRELAND’S “second division” of European Tour members had their day in the sun at San Roque yesterday.

GRAEME McDOWELL'S participation in the €4million Volvo Masters is in doubt following the recurrence of spinal injury. He has slipped to 51st place in the world rankings.

COLIN MONTGOMERIE is an odds-on favourite to top the European Tour order of merit for the eighth time at Valderrama this week.

THE first mother and daughter to battle it out in a major beauty pageant in Britain yesterday insisted there would only be "friendly" rivalry between them.

Ireland’s Peter Lawrie survived a run-in with an errant marshal to move into contention for his first European Tour title in the Deutsche Bank Championship in Hamburg.

A transvestite potter who decorates vases with images of sex and child abuse has won the Turner Prize.

Cate Blanchett says she expects people to draw parallels between her new film and September 11.

Aston Villa today completed the signing of striker Marcus Allback from Dutch side Heerenveen.