Icarus lands: Matt Cooper on Tony O'Reilly's bankruptcy

Icarus lands: Matt Cooper on Tony O'Reilly's bankruptcy
Tony O’Reilly’s debt to AIB now stands at around €15 million Pic: RollingNews.ie

O’Reilly is hoping to reach agreement with his creditors at a bankruptcy hearing in the Bahamas on Friday

Tony O’Reilly’s long and dismal descent from billionaire to bankrupt may be completed in the Bahamas next Friday – although recent experiences suggest this outcome is not certain.

While the official status of bankrupt may be embarrassing to bear for an ex-rugby international who always saw the accumulation and display of wealth as a way of showing the score, he has accepted, grudgingly, the reality of his personal financial situation for some time now.

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