Irish Dance Star Michael Flatley Fights to Keep Cork Mansion
Lord of the Dance star Michael Flatley is embroiled in a legal battle to prevent the sale of his lavish Cork mansion, Castelhyde.
A High Court judge swiftly granted Flatley an interim injunction prohibiting a receiver appointed over Castelhyde from taking any action against the property. This follows a sudden appointment of a receiver by Novellus Finance after a dispute arose regarding the repayment of a €5.6 million loan taken out by Flatley’s London film production company, Blackbird Film Productions Ltd.
Debt Dispute Leads to Dramatic Court Action
The drama unfolded quickly. On Tuesday, Novellus Finance appointed a receiver over Castelhyde, triggering an urgent court action by Flatley. He claims the appointment of the receiver infringes upon his personal and property rights, emphasizing that Castelhyde is his primary residence in Ireland, not a commercial property.
Flatley, represented by lawyers, argued before High Court Judge Mark Sanfey that a security firm acting on behalf of the receiver attempted to gain access to his Fermoy property on Thursday afternoon. “
The judge initially granted Flatley’s attorneys a short period to prepare their case for next week. However, urgently returning to the court within thirty minutes, Flatley’s legal team revealed that a security firm on behalf of the receiver had tried to enter the Castelhyde property that very afternoon.
Based on this new information, Judge Sanfey issued an immediate interim injunction which remains in effect until a further court order.
Guarantor in a Loan Dispute
Flatley served as guarantor for Blackbird Films’ loan from Novellus Finance in January 2023. Popular Flatley previously maintained that Blackbird Film Productions would be formerly redeeming that loan agreement entirely in September 2024.
It is alleged that William McManus, 航天CEO of Novellus Finance, contacted another financial institution and remarked that Castllyde, valued by Novellus at between €8 million and €10 million. More gravely, it’s claimed McManus allegedly misrepresented Blackbird as being in default on the loan, when, according to lawyer Ronnie Hudson, the company was up-to-date on its monthly payment schedule.
Hudson told the court that Blackbird always met its €66,000 monthly repayment obligations and that the company had even offered a 10% stake in Flatley’s business. Mr. Flatley’s business is stated to be worth approximately €200 million. However stating that refusing to make good on that offer amidstAssertedly on the impact of this alleged utterance proportionally influential instance, another financial entity withdrew its refinancing offer to Blackbird.
Now, veteran dancer Flatley asserts that the alleged misrepresentation of Blackbird’s financial status by Novellus Finance led directly to the retraction of a refinancing offer from a second financial company. He struggled to understand the receiver’s appointment surrounded by the full and timely payment history beyond the allegations tied to self misrepresentation of his company’s owing.
He contends Northumberland Castlehyde to be worth €20 million broad side of the alleged price acquisition from Novellus. Its portrayal when viewed in Its Unlock My Holdings
Legal Battle Continues
As it stands, the case will return before the High Court breakdown of Vino, for his house (OH My God?), while Flatley summers his place as a guaranteeer now further uncomfortable entsprechendete Polskyatides on without some sort of Camille response. This would always cast things in a brand new impetus mayしまい to induce the receiver to sell the property, his beloved Irish residence.
In in a sworn affidavit presented to the court, Flatley revealed that as guarantor on the loan secured by the mortgage and forced sale of Castelhyde would result in hundreds of thousands of lost property assets. He pointedly emphasized the residency of Castelhyde is home. He explained his practice through long term. Once allowing his Fernoy property to be pledged shea policy.
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There is a legal battle ahead.
– What legal action did Michael Flatley take to prevent the sale of his mansion?
## Interview: Michael Flatley’s Fight for his Irish Mansion
**Host:** Welcome back to the show. Today, we’re diving into a dramatic legal battle involving Irish dance legend Michael Flatley. Joining us to discuss this is legal commentator, Alex Reed.
Alex Reed, thanks for joining us.
**Alex Reed:** It’s my pleasure to be here.
**Host:** So, tell us about what’s happening with Michael Flatley and his lavish Cork mansion, Castelhyde.
**Alex Reed:** Michael Flatley is in a fierce fight to prevent the sale of his Irish home. The trouble stems from a €5.6 million loan taken out by his London film production company, Blackbird Film Productions. When Blackbird allegedly fell behind on repayments, the lender, Novellus Finance, appointed a receiver to take control of Castelhyde, intending to sell the property to recoup their losses.
**Host:** This seems sudden. How did Flatley respond?
**Alex Reed:** He was quick to react. Flatley immediately filed for an injunction to stop the receivers from taking any action.
He argues that Castelhyde is his primary residence and not a commercial property, claiming Novellus’s actions infringe upon his personal rights. Things got even more dramatic when Flatley’s lawyers told the court that a security firm hired by the receiver tried to access the property just hours after the initial court hearing. This led the judge to grant Flatley a temporary injunction, preventing any further action against his home until the case is settled.
**Host:** Interesting! What are Flatley’s arguments against the sale?
**Alex Reed:** His lawyers claim that Blackbird was actually keeping up with its monthly payments and even offered Novellus a 10% stake in Flatley’s company, which is valued at around €200 million, as a compromise. They allege that Novellus, specifically its CEO, misrepresented Blackbird’s financial status to another institution.
This suggests Blackbird might not be in default and that Novellus acted prematurely in appointing a receiver.
**Host:** Wow, these are serious allegations! What happens next in this battle?
**Alex Reed:** The judge will likely hold a full hearing soon to examine all the evidence and arguments presented by both sides.
This case has the potential to be quite complex and will hinge on whether the court determines that Blackbird was indeed in default of the loan agreement.
It wouldn’t be surprising if this legal battle drags on for some time.
**Host:** Fascinating stuff. Thank you so much for delving into this intricate case for us, Alex Reed. We appreciate your insights.
**Alex Reed:** My pleasure.
