Vulture fund Cerberus chases Sligo golf club

The vulture fund Cerberus is seeking payment from Strandhill Golf Club in Sligo of a €1.1 million debt it bought from Ulster Bank at a knockdown price.

The debt was sold by Ulster Bank as part of its for €2.5 billion face value Project Oyster loan book, bought by Cerberus in 2016 at an undisclosed discount.

When Cerberus acquired the Strandhill Golf Club debt it sought payment of the full amount and it ...