Former Ireland and Munster rugby star and Pendulum Summit chief executive Frankie Sheahan has been declared bankrupt, the Sunday Independent reports.
The ruling was made last week and comes on the back of loans drawn down from Bank of Ireland. Mr Sheahan had used the loans to buy property as part of his retirement planning during his rugby career. When property crashed, Mr Sheahan found himself able to pay the interest on the loans but not the principal.
Cash raised
The Independent also reports that…
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