Dublin City farce

Presume its been referred to elsewhere but read in the Business Post (which sadly given the contents of the articles is now covering EL matters regularly) that Dublin City had creditors of E1.5m when it went into liquidation, including Rocky Seery to the tune of E1m.

I'd have saved him E900k and told him exactly what was going to happen for E100k a few years back when he started his experiment.

Tough lesson.

Yeah, that figure's been mentioned elsewhere. It's also been pointed out that Seery was likely the backer of other bank loans, so he's probably even more than the €1m out of pocket. He's not that wealthy either - that's probably his house.

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Originally Posted by John83

Yeah, that figure's been mentioned elsewhere. It's also been pointed out that Seery was likely the backer of other bank loans, so he's probably even more than the €1m out of pocket. He's not that wealthy either - that's probably his house.

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And probably the wife, if he's blown that srrt of money on pursuing a pipe dream any dog in the street could've told him would never work.... :eek: :o

The wife was the second director. So she must have known full well what was happening.

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Originally Posted by pineapple stu

The wife was the second director. So she must have known full well what was happening.

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Probably just to cover company law requirements, rather than an active Director.

Can kids file for a separation.......?

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Originally Posted by dcfcsteve

Probably just to cover company law requirements, rather than an active Director.

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Oh undoubtedly. Still, she's a signatory to the accounts, so it hasn't just dawned anyway. Though you're right that there's probably a fair few rows in that household!

Does Seery have kids?