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'No regrets': Gavin Duffy confirms he will lose 'definitely more than €100k' on failed Áras bid

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Gavin Duffy and his wife Orlaith Carmody casting their vote at Whitecross National School in Julianstown, Co Meath. Picture: Mark Condren

Gavin Duffy and his wife Orlaith Carmody casting their vote at Whitecross National School in Julianstown, Co Meath. Picture: Mark Condren

Presidential candidate Gavin Duffy on the Floating Voter Podcast. 
Photo: Mark Condren

Presidential candidate Gavin Duffy on the Floating Voter Podcast. Photo: Mark Condren

Gavin Duffy, Senator Joan Freeman, Peter Casey, Matt Cooper, Ivan Yates, Sinn Fein MEP Liadh Ni Riada and Sean Gallagher

Gavin Duffy, Senator Joan Freeman, Peter Casey, Matt Cooper, Ivan Yates, Sinn Fein MEP Liadh Ni Riada and Sean Gallagher

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Gavin Duffy and his wife Orlaith Carmody casting their vote at Whitecross National School in Julianstown, Co Meath. Picture: Mark Condren

Dragons' Den star Gavin Duffy has confirmed that he will lose more than €100,000 on his failed presidential election bid.

Mr Duffy came in last place in the presidential election but was gracious in defeat, wishing Michael D Higgins well in his second term in Áras an Uachtaráin. 

The businessman will lose the money he put into the campaign as he did not achieve the 12.5pc of the vote required to apply for reimbursement of spending up to €200,000.

Mr Duffy did not offer a final figure but said it is "definitely more than €100,000".

He said his campaign spending will be published under Standards in Public Office Commission rules.

He also said: "Anytime you lose money, you’ve a regret. That’s a regret."

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A general view of count staff in front of ballot boxes, as they wait for the counting of votes will begin in Ireland's presidential election on Saturday at 9am, with incumbent Michael D Higgins on course to secure a landslide victory.  Niall Carson/PA Wire

A general view of count staff in front of ballot boxes, as they wait for the counting of votes will begin in Ireland's presidential election on Saturday at 9am, with incumbent Michael D Higgins on course to secure a landslide victory. Niall Carson/PA Wire

The boxes are opening in the National Convention Centre(Photo: Mark Condren)

The boxes are opening in the National Convention Centre(Photo: Mark Condren)

Sinn Féin Deputy David Cullinane and Fianna Fail party member Seán Dower at the count in Waterford (Photo Ciaran Murphy)

Sinn Féin Deputy David Cullinane and Fianna Fail party member Seán Dower at the count in Waterford (Photo Ciaran Murphy)

Tally papers in North Tipperary

Tally papers in North Tipperary

Returning officer for the Laois and parts of South Kildare constituency Paul Featherstonehaugh officially commenced the counting of the presidential ballot papers promptly at 9am. (Photo: Stan Henderson)

Returning officer for the Laois and parts of South Kildare constituency Paul Featherstonehaugh officially commenced the counting of the presidential ballot papers promptly at 9am. (Photo: Stan Henderson)

This year, the elections will be held on he same day as the 2019 European Parliament election and a referendum easing restrictions on divorce. Niall Carson/PA Wire

This year, the elections will be held on he same day as the 2019 European Parliament election and a referendum easing restrictions on divorce. Niall Carson/PA Wire

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory.  Niall Carson/PA Wire

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory. Niall Carson/PA Wire

Ballot papers during the Presidential Election 2018

Ballot papers during the Presidential Election 2018

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory.  Niall Carson/PA Wire

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory. Niall Carson/PA Wire

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory.  Niall Carson/PA Wire

Counting of votes begins in Ireland's presidential election on Saturday, with incumbent Michael D Higgins on course to secure a landslide victory. Niall Carson/PA Wire

Peter Casey pictured at the Convention Centre (Photo: Mark Condren)

Peter Casey pictured at the Convention Centre (Photo: Mark Condren)

Presidential Candidate Peter Casey at the count centre for the Presidential Election in the Convention Centre, Dublin. Photo: Gareth Chaney Collins

Presidential Candidate Peter Casey at the count centre for the Presidential Election in the Convention Centre, Dublin. Photo: Gareth Chaney Collins

Presidential Candidate Peter Casey at the count centre for the Presidential Election in the Convention Centre, Dublin. Photo: Gareth Chaney Collins

Presidential Candidate Peter Casey at the count centre for the Presidential Election in the Convention Centre, Dublin. Photo: Gareth Chaney Collins

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But he spoke of the belief he has in the issues he wanted to raise.

He denied that he found the campaign "bruising" adding: "I said all along it’s a test of your character and values".

Mr Duffy said he wasn't surprised by the strong performance of fellow former Dragons' Den star Peter Casey who won over a fifth of the vote.

He said they're friends though they often disagree on political ideology.

Mr Duffy added: "What I’m hearing from the commentary today is that there was some great strategy.

"The Peter Casey I know is actually, believe it or not, a decent guy.

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"If there was a strategy, you’d have to attribute some evil genius to it which I don’t think he deserves.

"He was throwing grenades repeatedly. One of them was going to explode and it did, and it drove him up in the polls."

Mr Duffy referred to Mr Casey's controversial remarks about the Travelling Community.

He sought to reassure Travellers on the issue.

He said: "We had six candidates in the race. Five did not go to that area of populism. We have a president with a socialist track record being returned with a handsome majority."

Earlier Mr Duffy said: "The people have spoken, and they’ve spoken very, very clearly with a large mandate.

"We’ll learn later on it could be a historic mandate for my president and your president Michael D Higgins.

"I want to wish him all the best… for his second term as Uachtaráin na hÉireann.

"For myself – yeah I am disappointed when you contest, and you don’t really compete at the end of the day.

"But no regrets and I’m saying that genuinely.

"I think the issues that I’ve raised, and I have to accept the blame here, they didn’t resonate with the public. 

"Perhaps I’m slightly ahead of where the public concerns are around the changes we’re facing in society."


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