Irish business is littered with examples of entrepreneurs who lost control of their empire only to win it back. Larry Goodman, famously, accepted a debt for equity swap with his lenders following the beef crisis in the early nineties only to steadily regain full control. On the other end of the spectrum, Sean Quinn rejected a deal with his bondholders that would have seen him give up equity in his eponymous manufacturing empire, a move that backfired spectacularly and saw him lose his life’s work. Six years ago, the Staunton family lost control of Elverys Sports, a nationwide sports retail…

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