Stallion company to liquidate assets
Shareholders of Leisure Holdings, the stallion investment company chaired by Denis Brosnan, are set for a multimillion euro payout after deciding to shut down the company and liquidate its assets.
David Hughes, a partner with accountancy firm Ernst & Young, has been appointed liquidator and will distribute the remainder of the firm’s assets to its shareholders. Hughes was appointed liquidator at a meeting of the firm’s shareholders in recent weeks.
According to its statement of solvency, Leisure Holdings has realisable assets of almost €9 million, which will be divided among its shareholders. These include Brosnan and bloodstock tycoon JP McManus. The...
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