Owners of pool had ‘no information’ on receipts

AN agreement of April 30, 2003, appeared to contemplate all pool receipts from the €62 million National Aquatic Centre (NAC) were to be paid into an account in the sole name of Limerickman Pat Mulcair.

But the centre owners, Campus Stadium Ireland Development Ltd (CSID), have no information about any monies paid into that account, the High Court was told yesterday.

Denis McDonald SC, for CSID, said it only learned this week of the pool receipts agreement and that beneficial ownership of the lease for the NAC had been transferred to Mr Mulcair in April 2003.