Oyster Circle property club sinks with €6m deficit

Business launched at the peak of the property bubble in 2006

18th June, 2017
Bill McCabe

The Oyster Circle, a boomtime property club founded by entrepreneur Bill McCabe, has gone into liquidation with a deficit of €5.9 million to unsecured creditors.

Twenty-three members of the club stumped up on average just under €300,000 each for access to luxury properties in Cannes, Andalucia, Tuscany, New York and the French Alps.

The business launched at the peak of the property bubble in 2006 but failed to gain traction in part because of the...

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