Man whose Midas touch wore out

On the morning of Thursday, April 29, 1982, 31-year-old property tycoon Patrick Gallagher was summoned to the headquarters of the Northern Bank Finance company in Dublin city centre.

18th March, 2006

On the morning of Thursday, April 29, 1982, 31-year-old property tycoon Patrick Gallagher was summoned to the headquarters of the Northern Bank Finance company in Dublin city centre.

His property group, which he had inherited eight years earlier on the death of his father, Matt, had debts of more than £28 million. A series of high-wire property speculations in Dublin had fallen apart spectacularly, threatening to bring down Gallagher’s massive business empire.

Gallagher and his...

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