Michael Flatley's lawyers claim 'deal has been done' to buy Castlehyde

Counsel for Novellus, the company that loaned Mr Flatley €5.6m, replying to the assertion that the deal had been done in relation to Castlehyde said it 'represented a new low'

On the first day of the hearing, lawyers for Michael Flatley (pictured) and Blackbird sought to have the hearing adjourned on the basis that Mr Flatley was 'ready, willing and able' to pay off the loan and interest.

Michael Flatley’s lawyers have claimed before the High Court that “a deal has been done” to purchase his Cork Castlehyde mansion at the centre of a dispute.

Ronnie Hudson BL for Mr Flatley told the High court it was his instructions that a neighbouring landowner to the Fermoy mansion wishes to purchase it and “the deal has been done”.