Bank pursuing rugby star’s father for €3m over alleged guarantees

Bank of Ireland is pursuing the father of former Ireland and Munster rugby player Frankie Sheahan for almost €3m over alleged guarantees for loans advanced to his sons Frankie and Joey.

Frank Sheahan Sr wrote to the bank last month saying he was disappointed none of the family’s repayment proposals were accepted, asked for further talks and argued there would be “no winners” in litigation.

He said his sons have no salary or regular income, “deserve a second chance”, and should not be forced into bankruptcy which would have “devastating effects” on them and their families, and was not in the interest of the country or the bank.