Gleeson’s €9m debt pile revealed in legal row
Majority shareholders in the group claim chief executive has a debt exposure of €9m and used a company credit card to travel to New York, London and Spain
The shareholders battling with veteran publican Frank Gleeson over the Mercantile hospitality group claim he has debt exposure of some €9 million, owed to the group, legacy creditors and the Revenue Commissioners.
In a tit-for-tat legal row, Gleeson has counterclaimed that the pursuit of some of these loans by his business partners is intended to undermine his position at the group.
Following a merger with Capital Bars in 2015, Gleeson has a 30 per cent...
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