Michael Flatley offers to redeem €5.6m loan at centre of Castlehyde dispute

Mr Flatley's solicitor said there was now a dispute over what the redemption figure is with Novellus claiming almost €1m more than the Flatley side say is due

Michael Flatley and Blackbird claim the defendants are legally prevented from enforcing the security on the loan. File photo

Michael Flatley is prepared to redeem a €5.6m loan at the centre of a dispute with a lender, the Commercial Court has heard.

The loan was made to Mr Flatley's Blackbird Film Productions Ltd by Novellus Finance Ltd which says there has been default on repayment and which Mr Flatley denies.