Michael Flatley 'travelling to Dublin on Friday to sign documents' to pay off loan, court told

Counsel for Novellus, which had a receiver appointed over Castlehyde over alleged loan default, said the latest pledge to pay off the loan 'was another ham-fisted attempt to put off the finding of the court'

Michael Flatley provided a guarantee for the €5.6m loan on the strength of the value of his Castlehyde mansion. File picture

Lord of the Dance star Michael Flatley is to travel to Dublin on Friday to sign documents in a move to pay off the multi-million euro loan which is at the centre of a dispute over his Cork Castlehyde mansion, the High Court has heard.

The entertainer’s counsel, Ronnie Hudson BL, on Thursday told the court the new redemption figure on the disputed loan which had been taken out by Mr Flatley’s film production company, with the former Riverdance star as guarantor, now stands at €6.9m. The loan, counsel said, was “on the cusp of redemption”.