National Stud board members received €2.9m for stallion shares

THREE senior figures in the Irish National Stud received €2.9 million for their share-holding in a prized stallion in which the Government-owned company was the biggest shareholder.

Chairwoman Chryss O’Reilly, director Trevor Stewart and company secretary John McStay held shares, personally or through other parties, in the syndicate which owned and managed the record breaking stallion Invincible Spirit.

The shares were bought at various stages as the stallion’s value rocketed and before it attracted a multi-million euro cash injection in mid-2007.