“The agent, Kevin Phelan, got Stg£248,624 from Mr Lowry on Aug 28, 2002, six months after the date their negotiations were supposed to have had been finalised and settled.”
“Six days earlier, Mr Phelan received a separate fee of £150,000 on behalf of Denis O’Brien. This was transferred on Aug 22, 2002, after a dispute was resolved between Mr O’Brien and Mr Phelan over the agent’s role in the Doncaster Rovers project.”
“Under the terms of the O’Brien deal, Mr Phelan was paid outstanding fees and relinquished certain claims to profits.
“But the final point of agreement involved clarification from Mr Phelan that a reference to Mr Lowry in one critical document was not Doncaster-related. This issue arose from a note on 1999 fax discussion and was detailed in tribunal testimony by Denis O’Brien Snr, who handled these negotiations on his son’s behalf.
Mr Lowry, Mr O’Brien Snr and Denis O’Brien Jnr have all denied the former Fine Gael minister had anything to do with the Doncaster project.”
Conor Ryan, in today’s Irish Examiner, reporting that Michael Lowry paid Kevin Phelan that £250,000 six days after Mr Phelan, separately, agreed with Denis O’Brien to retract a reference linking Mr Lowry with the Doncaster Rovers project.
Read more here.
(Eamonn Farrell/Photocall Ireland)