Michael Flatley being portrayed as 'a villain' rather than 'a victim', court told
The court heard that in the security for costs application, Michael Flatley (pictured) was being faced with a bill for almost €3m 'for defending himself'. File picture: Colin Keegan, Collins Dublin
star Michael Flatley is being portrayed in proceedings before the Commercial Court as “a villain” rather than “a victim of circumstances”, his counsel told a judge on Wednesday.
It is the second day of two applications before the court where a building contractor and insurance companies involved in carrying out works at Mr Flatley's Castlehyde mansion are seeking to have the star put up €2.8m security for costs before his action against them begins.
Mr Flatley’s counsel, Ronnie Hudson BL instructed by Maxwell Mooney solicitor, referred to what he called the characterisation of the entertainer by the other side in court.
“He is being portrayed as a villain rather than a victim, a victim of circumstances,” Mr Hudson said.
The statement was made as the Flatley side sought to introduce a chartered accountant’s valuation of the Flatley whiskey business which the court had previously heard was worth in the region of €10m.
Andrew Fitzpatrick SC for the underwriting and insurance defendants objected to the new information being put before the court and he said it was “a naked attempt to upend this application”. He also said there was no evidence why the valuation was not available when documents were being exchanged in advance of the security for costs hearing.
Counsel for building contractor Austin Newport Group Ltd, Stephen Dowling SC, said allowing the new document in at this stage could open up a collateral hearing on the basis of the €10m valuation.
Ms Justice Eileen Roberts said it was not obvious to her why the information was not put before the court when there were ongoing directions in place in relation to the exchange of documents .The judge said she did not want to completely derail the security for costs hearing and she refused to admit the document.
Mr Hudson told the court that in the security for costs application, Michael Flatley was being faced with a bill for almost €3m “for defending himself”.
In an affidavit opened to the court at the start of the hearing on Tuesday, Mr Flatley said the show is continuing to sell out venues worldwide and he had spent the last 30 years of his life travelling the world promoting Ireland and Irish culture globally. He said has sold over €1bn worth of tickets.
, which he said had received “ a lifetime of standing ovations”, has been valued “at a conservative minimum of €200m".
Mr Flatley said his Statement of Affairs which valued at €200m, his whiskey business at €10m and his Castlehyde mansion at €20m is accurate. He said he owns all of the rights and intellectual property for and the valuation could be double the €200m figure.
He said his liability is a €7.9m mortgage on Castlehyde which will be repaid from his business activities over the next two years. He said he agreed with the €20m valuation on Castlehyde and he regarded the suggestion that a €10.5m valuation by the defendants for the mansion is in any way credible as “complete nonsense”.
Mr Flatley, in the affidavit which was sworn last month, also said he “intends to return to live in Ireland permanently as soon as possible”.
In the main proceedings, the Riverdance performer claims he and his family had to vacate the Castlehyde period property in October 2023 after alleged toxic chemical residue was detected during routine maintenance.
Mr Flatley is suing Austin Newport Group Ltd, the main contractor and insurance underwriters — MS Amlin Underwriting Ltd, AXA XL Underwriting Agencies LTD and Hamilton Managing Agency Limited along with Lloyds Insurance Company.
All of the allegations are denied. The application for security for costs continues.
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