THE personal assistant to businessman Philip Lynch asked a solicitor, just hours before a €25 million loan was signed by the Lynch family, whether the final terms of that loan meant AIB would have recourse only to lands for repayment, a court has heard.

EMAILS sent by solicitors with the LK Shields law firm to the family of businessman Philip Lynch just hours before they signed up to a €25 million loan to buy development lands with developer Gerry Conlan stated Allied Irish Bank only wanted recourse to the land, not the family, the Commercial Court has heard.

A SOLICITOR has told the Commercial Court the final terms of a €25 million loan issued by Allied Irish Banks to buy development lands in Waterford gave the bank full recourse to businessman Philip Lynch and his family for repayment of that sum.

NAVAL recruits have taken an oath of allegiance for the first time since the recruitment embargo came into force two years ago.

DEFENDING champion Nicolas Roche, his cousin Daniel Martin who won the title a couple of years ago, three-time winner David O’Loughlin and another former winner, David McCann will line up for the national road race championships in Sligo tomorrow.

NICOLAS ROCHE (Ag2r) will wear the Irish road race champion’s jersey to the start of the Tour de France in Monaco next weekend although he was still awaiting confirmation from his team last night following his exciting victory in the Elite Road Race championship at Dunboyne yesterday.

DAVID O’LOUGHLIN (An Post/Sean Kelly) attempts to win the Elite road race championship for a fourth time at Dunboyne on Sunday.

JUST a week after winning the coveted Route du Sud in the Pyrenees, Daniel Martin returned to Ireland to claim the shamrock jersey of the national champion with another power-packed display on the Ballinacurra circuit, near Midleton, yesterday.

PAUL HEALION (South Dublin) won the senior men’s national time trial title in the absence of the professional riders at Newcastlewest last night.

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