State watchdog to examine sale of Ardmore

The studios were sold for just €6 million to Olcott Entertainment, an investor led by Joe Devine, co-founder of Ion Equity and Troy Studios’ chairman

10th June, 2018

The state’s spending watchdog has agreed to look into concerns about the sale of Ardmore Studios raised by People Before Profit TD Richard Boyd Barrett.

The studios were sold for just €6 million to Olcott Entertainment, an investor led by Joe Devine, co-founder of Ion Equity and Troy Studios’ chairman. The sale price was first reported by The Sunday Business Post.

This newspaper also first reported thata Enterprise Ireland wrote off €7...

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