Wednesday 21 March 2018

'There's more to business than paying the Revenue . . . It's a juggling act'

Christian Stokes of Residence talks to Barry Egan about the mistakes he and his brother made and why they won't be running away

IT has all the elements of a Greek tragedy. Two latter-day Icaruses who flew too close to the sun and their Gucci wings melted somewhere over St Stephen's Green.

That a High Court judge was calling Christian and Simon Stokes "delinquent directors" -- and refusing to appoint an examiner to protect their now-insolvent members-only club -- showed how far they and their fortunes had fallen.

For years, the twin sons of Jeff Stokes and Pia Bang were the talk of the town for all the right reasons. That has changed. There was something rotten in the heart of Residence. There is a sense that the two posh boys, once of Sandford Park School, have got their deserved comeuppance. I wouldn't like to think so.

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