Courts / Tipperary / Report
'One word, John: greed' - billionaire Magnier tells High Court of failed €15 million land bid
Summary
In a High Court hearing on 27 May 2025, bloodstock billionaire John Magnier testified that he had reached an agreement to buy 751 acres in County Tipperary for €15 million in August 2023, but the deal collapsed when the former owners, represented by Barne Estate, sold the land to US construction magnate Maurice Regan for €22.5 million. Magnier claimed an exclusivity period from 31 August to 30 September 2023 prevented other parties from soliciting the property, and that the estate agent's remark that "greed" was the reason for the failure was a key point of his evidence. He alleged that the estate returned his initial payments in September 2023 and that the sale was sabotaged by Regan, who allegedly used a journalist to influence the agent. The case, which is expected to last three weeks, seeks to enforce the alleged agreement and is currently before Mr Justice Max Barrett.
Who, what, where, when and why
What: Report matter: 'One word, John: greed' - billionaire Magnier tells High Court of failed €15 million land bid. Procedural stage: trial
When:
- August 22, 2023 Other
- August 31 Other
- September 30 Other
- August 2023 Other
- September 2023 Hearing Or Sentence
- 2025-05-27 Publication
Case subjects
Defendant
Places mentioned
Topics
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