Seen and Heard: round-up of financial news
Seán Quinn’s huge earnings, Bono and The Edge back at Clarence and Dublin sites for sale
Seán Quinn: “Earning €500,000 per year” in consultancy fees from the businesses he once controlled, according to a report in the ‘Sunday Business Post’. Photograph: Eric Luke /The Irish Times
The ‘Sunday Business Post’ reports that Bono, the Edge (above right and left) and Paddy McKillen have bought out the loans of the Clarence hotel from Nama in an off-market deal. Photograph: Eric Luke / The Irish Times
The Sunday Business Post reports that Seán Quinn, the Cavan industrialist who lost a fortune on Anglo Irish Bank shares, has been “earning €500,000 per year” in consultancy fees from the businesses he once controlled. The paper says he is also seeking a share of Quinn Industrial Holdings, the company that took over many of the assets.