From the programme did they not say he was agreeing to a deal but was told it's not on the table any more?
Do you think the way it worked out was the most that could have been recouped?
The video of the two geniuses bragging that they would lie to the Court about ownership of the shopping mall surfaced that day the deal was taken off the table, this was a violation of a Court order preventing them from disposing of any assets. They were trying to sell the mall, Sean Quinn’s deal was immediately taken off the table when it was clear he had lied.
Do I think Quinn could have been trusted after that to act honestly? No.
It proves that their dishonesty was their downfall so. Any chance of brokering a deal was gone and rightly so.
Did anyone ever state what was on the table?
Curious why you think Quinn ‘had one of the best manufacturing business minds this country will possibly ever see’?
Look at what he created with nothing in a deprived area. Multiple successful businesses and thousands of jobs.
He made cement at a time when we had a massive housing and road building boom. He ran betting shops during the Celtic tiger when there was lots of disposable income, he ran an insurance company which pretty much went bust (with a levy on all customers to pay for it), and he bet badly on an overvalued bank.
Anglo was the nail in his coffin due to greed but I don't think many would have been able to create what he did. We're talking about an area that had nothing.
Not contradicting you but which betting shops were his? Is quinnbet not a recent thing and just online?
The original question on this thread
"Who thinks Sean Quinn is a great businessman now?"
Well I do, Sean made a lot of enemies, including the unions for not letting them into QuinnDirect etc
He got really really bad advice and probably had too many yes men standing around him. He was the fall guy for a shower of crooks who should still be in jail for what they done.
You are right. I had it wrongly in my head he was also on the bookmaking business.
Thanks for your contribution to the thread Sean.
Would a good businessman have acted on that advice the way he did? and, it is naive to think Quinn would ever be anyone else’s stooge, he was in absolute, unchallenged control of his business decisions up to his gamble on Anglo, he was no one’s fall guy.
How? His insurance company, the supposedly most profitable part of his business empire, was insolvent and woefully underreserved. He didn't even employ an actuary - he seemed to treat premiums as profits and forgot that he has claims to pay out. He asked the state to pump in another €600m to get him back to being properly capitalised - no one in their right mind would give him such an amount of money given his track record. He proved himself not to be fit and proper, or competent for that matter, to run a regulated entity.
He went down the route of creating a conglomerate of diversified business which was a 1970’s business model which was a relic in the 2000’s - GE excepted. If he had followed the CRH model by building on his core quarry, cement, glass and invested outside Ireland then maybe yes.
Did it ever come out what offer was on the table before they hung themselves in the video?
That doesn't mean all of the businesses were insolvent. Some still operate fine to this day but you make a very valid point in that nobody would dream of lending to him. They shafted themselves.
Didn't know Dublin Jimmy was alleged to be paid up to 1 million euro - that's some paymaster. You read in the papers stories about gangland hits but the money rumoured to be paid in such instances is in the 10's of 1000's not 100,000's
Gardai also examining a range of digital data- texts, emails, phone calls and no doubt GPS data relating to those items where available. Hopefully they're getting close
Much to the annoyance of the anti SF brigade. No
I think setting up his own insurance company to insure his trucks was possibly a good move. I'm assuming here that the core company was big enough to spread risk and cover individual claims, and that insurance here was more of a legal requirement than something the company needed. Going beyond a purely internal thing as Quinn did is, of course, a different matter.
I feel the same about Sean Quinn as I do about a cow or a dog or a horse, he is going to fight and survive like a Sean Quinn, I don't feel positive or negative about him following his nature. He should be dealt with authority, they should just squeeze everything they can from him until he dies, up to the point where they do not threaten his human rights. Like any human though he deserves food shelter and privacy, no need to make a show and dance about him.
What an naive question you are proposing to be asked. You would get the same ‘response’ no matter what one said - especially if one just repeated the facts that WERE ULTIMATELY DUG UP and which were not in Quinn’s favour, what a group of local investors were tryingto do and Q walked out on them, etc, etc.
I've realised over my life that those who most vocally condemn wrong doing, and those who protray an impeccable moral compass are usually the greatest scumbags of all.
If Quinn did have any involvement or orchestrated any of the campaign of intimidation against the new directors then doing the documentary was a very stupid move. Seems like it has given more info for the Garda investigation.
Quinn was unbelievably deluded to think that partaking in the documentary would somehow right all his wrongs. Seems like the net is closing in on him.
Near to some people means within two metres, to others it could mean 50 km. could u be more specific?
I find the angle taken on Dukes an interesting one and especially by one or two boardies - comments on his arrogance, ex minister, FG member, a grandee, etc, etc, etc. ALL of these comments/opinions have ABSOLUTELY nothing got to do with the issue - which has exclusively got to do with SQ actions re investing in Anglo Irish Bank and the resultant aftermat
Dukes was appointed at the time by the FF government to chair/lead a group to unravel/ manage the financial debacle created by SQ/Anglo Irish Bank. This was done by the gov at the time for the PUBLIC GOOD / minimising the financial cost to the nation
Dukes was taken on board by the ‘opposition’. This ‘ opposition’ , ie FF, wanted to hire the best man/woman for the job. Dukes ticked all the boxes at the time re public positions held, experience, integrety, honesty, ability to say it as it is( a rear ‘ skill’, ) , etc, etc.w
Dukes , more than likely, knows MUCH MORE about what went on, what further questions are still to be answered, the body language and actual language used at the meetings between them, etc, etc ,etc.
so Dukes is coming from a much more broad angle /perspective than anyone on here
i have ABSOLUTLY no problem with what Dukes said in the documentary but he should have chosen his words more carefully - especially with regards to including everybody with their propensity towards volience
SO , consider playing the ball and not the man otherwise you are letting yourself down and exposing your ‘ hidden agenda’
I have no doubt it makes some scum bags feel better to think that way, all those law abiding people are the real scumbags.
Never a truer word spoken. I know people who are the pillar of their community, sponsors of the local gaa, do work for the church. A portrayal of a successful wealthy image but in reality nothing but crooks owing a string of people money while most of the community refer to them as gypsies behind their backs. You will always fool so many.
looking forward to watching this documentary, he picked the wrong sectors to get into bed with, i.e. the fire sectors, and lost, big time....
interesting interview...
https://player.fm/series/in-the-news-2930202/sean-quinn-chooses-not-to-understand-filmmaker-trevor-birney-on-the-making-of-quinn-country
Question is why was he allowed to succeed and who funded it.
nature of the beast, the operation of the fire sectors became out of hand during that period, now we re all paying the price, quinn got nicely fcuked by them....
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