Receiver appointed to 12 properties in Ronan Group over €142m debt | Business Post

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Receiver appointed to 12 properties in Ronan Group over €142m debt – SanzScript and LorcanAllen report.

Johnny Ronan: RGRE was due to repay the outstanding debt of €142 million in January of this year, but was not in a position to do so.

A receiver has been appointed to 12 properties within Johnny Ronan’s real estate group arising from a debt of €142 million, theRonan Group Real Estate confirmed to this newspaper that Grant Thornton had been appointed as receiver to a number of its properties, but said refinancing arrangements were at an advanced stage, which would enable the receivers to be discharged and for the firm to retain...

 

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sanzscript LorcanAllen People need to realise these “businessmen” aren’t very good at their jobs they’re just good at manipulating the system to get other people to pay for their incompetence

sanzscript LorcanAllen Is Ahern still looking after him?

sanzscript LorcanAllen And the Ronan group are involved in the €200 million old glass bottle site in Dublin How Ireland works eh?

sanzscript LorcanAllen And here we go.!!! Ireland’s Property Crash V2.0 ...!!!

sanzscript LorcanAllen How is it that such individuals can seek to write down debts whilst at the same time continue to finance the development of new projects? Just asking.

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