Coolmore stud owner John Magnier has launched High Court proceedings against the owners of the vast 17th-century Barne Estate he had sought to buy for a reported €17 million.
Britain prevented businessman John Magnier from exporting one of its "national treasures", but Irish artworks have no protection at all . "Absolutely, things are leaving the country," says a leading auctioneer.
The world renowned Coolmore Stud is suing Glanbia for tens of millions of euro over contaminated equine feed. Faced with a 14 day ultimatum to concede liability, Glanbia chose to fight back. Court papers shed new light on the battle.
The complex corporate web used to manage the Coolmore horseracing business and its owners’ other investments makes it difficult to estimate their wealth. This matters for a number of reasons – and Magnier’s position on the national rich list is the least of them.
The complexity of the corporate structures behind horse breeding magnate John Magnier’s global investments has grown in tandem with his empire. A two-month investigation by The Currency explores dozens of firms in the Coolmore empire.
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