Thursday 14 December 2017

Millionaire eyes up exclusive capital club

A MILLIONAIRE investor is in negotiations to take over an exclusive private members' club in Dublin that went into receivership earlier this year.

A spokesman for businesswoman Olivia Gaynor Long last night confirmed that the wife of IT entrepreneur Brian Long is in "advanced exclusive discussions" with receiver Jim Stafford to acquire the celebrity haunt, the Residence club on St Stephen's Green.

Ms Gaynor Long owns an exclusive restaurant and private members' club in the trendy SoHo neighbourhood of New York and is looking at investing in Residence on behalf of her Jersey-based investment company Tarrango Limited.

It's understood that if the deal is finalised, management of the club will remain in the hands of twins Christian and Simon Stokes.

Irish Independent

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