Bloodstock billionaire John Magnier and his family have decided not to appeal the judgment delivered by the High Court last year over the 751ac Barne Estate in Co Tipperary.
The plaintiffs - Mr Magnier and his children JP Magnier and Katherine Wachman - have decided not to appeal the judgment delivered in the proceedings relating to the trophy property, a statement from Magniers said on Thursday evening.
Barne Estate has been at the centre of a long-running legal battle since October 2023 after the Coolmore side launched legal proceedings which aimed to enforce a €15m deal which they claimed was a binding agreement between Mr Magnier and Richard Thomson-Moore of Barne Estate.
“The appeal contemplated by the plaintiffs did not intend to seek enforcement of the land deal (or associated damages), but intended to challenge the findings relating to the factual and legal position, reflecting the plaintiffs’ fundamental and firm disagreement with those findings.
“The indicated appeal would have facilitated the Thomson-Moore family completing the sale of the Barne Estate regardless of the outcome of the appeal process.
“However, given that the plaintiffs would no longer be pursuing a claim over the land, an appeal may have been considered legally moot. On those pragmatic grounds and with a view to allowing all parties to move on, an appeal will not be pursued,” a statement from the Magnier family said.
'Absolute good faith'
John Magnier resolutely maintains the position he put forth at trial and his position in this regard has not changed, the statement said.
“He has at all times acted in absolute good faith and remains disappointed by the court’s decision and the subsequent remarks of the trial judge which he considers to be unjustified.
“The plaintiffs wish the Thomson-Moores well in their new life in Australia,” it concluded.
The move by the Magnier side to drop plans for an appeal clears the way for construction magnate Maurice Regan to close the deal with the Thomson-Moores for the property which includes farmland, a chateau-style house, various farm buildings and a lake.
Read more
Magnier family goes to High Court over Barne Estate
Barne Estate timeline: how the disputed sale unfolded
If €15m deal was binding, it would ‘turn 400 years of conveyancing on its head’
UK agents working for Coolmore placed ‘low-ball’ bids on Barne, High Court told
Bloodstock billionaire John Magnier and his family have decided not to appeal the judgment delivered by the High Court last year over the 751ac Barne Estate in Co Tipperary.
The plaintiffs - Mr Magnier and his children JP Magnier and Katherine Wachman - have decided not to appeal the judgment delivered in the proceedings relating to the trophy property, a statement from Magniers said on Thursday evening.
Barne Estate has been at the centre of a long-running legal battle since October 2023 after the Coolmore side launched legal proceedings which aimed to enforce a €15m deal which they claimed was a binding agreement between Mr Magnier and Richard Thomson-Moore of Barne Estate.
“The appeal contemplated by the plaintiffs did not intend to seek enforcement of the land deal (or associated damages), but intended to challenge the findings relating to the factual and legal position, reflecting the plaintiffs’ fundamental and firm disagreement with those findings.
“The indicated appeal would have facilitated the Thomson-Moore family completing the sale of the Barne Estate regardless of the outcome of the appeal process.
“However, given that the plaintiffs would no longer be pursuing a claim over the land, an appeal may have been considered legally moot. On those pragmatic grounds and with a view to allowing all parties to move on, an appeal will not be pursued,” a statement from the Magnier family said.
'Absolute good faith'
John Magnier resolutely maintains the position he put forth at trial and his position in this regard has not changed, the statement said.
“He has at all times acted in absolute good faith and remains disappointed by the court’s decision and the subsequent remarks of the trial judge which he considers to be unjustified.
“The plaintiffs wish the Thomson-Moores well in their new life in Australia,” it concluded.
The move by the Magnier side to drop plans for an appeal clears the way for construction magnate Maurice Regan to close the deal with the Thomson-Moores for the property which includes farmland, a chateau-style house, various farm buildings and a lake.
Read more
Magnier family goes to High Court over Barne Estate
Barne Estate timeline: how the disputed sale unfolded
If €15m deal was binding, it would ‘turn 400 years of conveyancing on its head’
UK agents working for Coolmore placed ‘low-ball’ bids on Barne, High Court told
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