Yates says he'd love to buy back home
Published 24/09/2013 | 05:30
EX-Cabinet Minister Ivan Yates would love to buy back the family home in Blackstoops – if he had the money.
Instead the bankrupt former politician faces the prospect of having to hand over much of his earnings from broadcasting and newspaper columns to his creditors at AIB for the next two years.
The man behind the collapsed Celtic Bookmakers chain is set to pen a weekly article for the 'Irish Independent', starting on Thursday.
But he accepts that AIB may have the right to collect some of his journalistic income as well as a slice of his pay as presenter with Newstalk Radio on the station's popular breakfast show.
Now in his fifties and recently returned from 18 months in Swansea to benefit from the UK insolvency regime, he collects €3,000 from his Dáil pension.
He says that he and wife Deirdre are now back at the bottom of the property ladder, without a home of their own.
But they are not faring too badly for accommodation, having rented a Dublin house in plush Sandymount. In the meantime, Ivan Yates's mother retains the right to continue residing at Blackstoops.