independent

Sunday 20 April 2014

NAMA appoints receivers to three pubs with links to well-known boxing promoter

The Mucky Duck in Celbridge, Co Kildare

RECEIVERS have been appointed by NAMA to take control of pub assets linked to a well-known boxing promoter.

Three pubs – the Mucky Duck in Celbridge, Carberrys in Dunshaughlin and O'Flaherty's in Navan – have shut their doors with about 20 jobs in total on the line.

They were operated by Celbridge Taverns Limited, whose directors include well-known boxing promoter Brian Peters.

Mr Peters manages middleweight boxer Matthew Macklin and has also been linked to Bernard Dunne.

Declan Taite and Sharon Barrett of accountants RSM Farrell Grant Sparks have been appointed as receivers.

Mr Taite declined to comment when contacted by the Irish Independent other than to confirm the receivership.

There is some hope that the three businesses, closed prior to the appointment of the receivers, could be re-opened.

It is not yet known whether the receivers will look to find a buyer for the three pubs.

Brian Peters Promotions has promoted more than 50 boxing shows since it was set up in 1993 featuring major names including Bernard Dunne, Wayne McCullough, Steve Collins and Chris Eubank.

The latest accounts filed to the end of August 2011 for Celbridge Taverns shows that the company had debts of €1.7m due within one year, while a further €1.8m was due thereafter. Celbridge Taverns is a subsidiary of Bigridge Ltd.

NAMA took over the bank debts of both companies in 2010.

Irish Independent

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