UL Controversy

Exclusive: International investors spooked by University of Limerick housing controversy

Stephen Kinsella, the UL economics professor, has been working to assuage the concerns of the multinationals backers of its landmark software course

Kerstin Mey, UL’s president, went on sick leave last week, and has told the Public Accounts Committee she will be unable to attend a scheduled meeting

Major international investors in a landmark course at the University of Limerick (UL) have raised concerns about the institute’s financial governance after it admitted to a €5.2 million property deal overspend, the Business Post understands.

Backers of UL’s groundbreaking immersive software engineering programme, which include Stripe, Amazon Web Services, Intercom, Boston Scientific and several other major multinationals, sought assurances over their investment in recent days after controversy over the deal to buy 20 homes for ...