Friday February 28, 2020

Way now clear for Sheehan to redeem €16m Goodman loan

Surgeon’s debt is tied to his 28 per cent shareholding in Blackrock Clinic

6th March, 2016
Blackrock Clinic founder Joseph Sheehan

The Commercial Court has refused to “clog” the right of the Blackrock Clinic founder Joseph Sheehan to redeem a €16 million loan from his fellow stakeholder, beef baron Larry Goodman.

The surgeon’s debt, which was acquired by the beef baron’s company Breccia from IBRC in 2014, is tied to his 28 per cent shareholding in the hospital.

Sheehan said he lined up third-party funding to redeem the loan last year, but...

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