Sports stars face business battles in court
Meanwhile, Bank of Ireland is seeking summary judgment for some €3m against the acting manager of Glasgow Celtic Football Club, Neil Lennon, under a guarantee allegedly provided by him for a loan to a building company of which he was a director.
In the O’Connell case, which came before the Commercial Court, it was alleged that the Munster and Ireland star invested €100,000 in the scheme while other investors – with addresses in Limerick, Dublin, Kilkenny, Clare and Meath – invested sums of between €50,000 and €300,000.