US construction mogul Maurice Regan plans to close the deal to buy Barne Estate in the next few weeks, a spokesperson for Regan has told the Irish Farmers Journal.
It comes after John Magnier, the founder of Coolmore Stud, and his family announced that they had dropped their plan to appeal the court ruling over the 751ac Tipperary property.
Regan, who owns the 550ac Newtownanner Stud a few miles from Barne Estate, will pay the €22.25m which he and Barne Estate Ltd agreed in a conditional contract on 1 December 2023.
"We are delighted that justice and truth has prevailed and the Thomson-Moore family can move on with their lives as they planned some three long years ago," a spokesperson for Regan said.
Dismayed
"We are still dismayed that the case was ever taken, as it sought to over turn 330 years of Irish conveyancing law.
"It has been a gruelling, public, costly and deeply unnecessary battle for the family that would have broken most human beings both emotionally and financially.
"As Maurice said in court, all he wanted to do was try and buy a farm. The Thomson-Moore’s simply wanted to sell their home and farm that had been in their family for almost 400 years for over €7m or 50% more than the nearest bid of €15m yet here we are three years and over €10m in legal costs later.
"We have nothing but admiration for the family for the bravery and dignity that they have shown in the face of what Anna Thomson-Moore described as being "steamrolled" into litigation they could not afford.
"Lawfare did not win in Court but the reality is the family have lost three valuable years," the spokesperson concluded.
Thomson-Moores
A statement on behalf on the Thomson-Moore family said that they wholeheartedly welcome the conclusion of the proceedings and thanked their legal team for their representation in the case.
"It took an immense amount of courage to withstand the onslaught we faced, and to believe that justice would prevail.
"The consequences for our family have been significant. Our lives have been placed completely on hold. The stress, trauma and financial burden imposed on the family throughout this entirely unnecessary process has been immense," the family said.
"We now look forward to being able to turn our energy and attention to supporting and loving our family, especially our son Teddy.
"This was a long and intrusive process meant to intimidate us and bankrupt us. For everyone who has supported us - especially locally - please know that every single kindness has carried us. Thank you," the statement said.
Read more
Barne Estate: what happened in 2023
John Magnier drops plan to appeal Barne Estate ruling
John Magnier of Coolmore loses battle for Barne
US construction mogul Maurice Regan plans to close the deal to buy Barne Estate in the next few weeks, a spokesperson for Regan has told the Irish Farmers Journal.
It comes after John Magnier, the founder of Coolmore Stud, and his family announced that they had dropped their plan to appeal the court ruling over the 751ac Tipperary property.
Regan, who owns the 550ac Newtownanner Stud a few miles from Barne Estate, will pay the €22.25m which he and Barne Estate Ltd agreed in a conditional contract on 1 December 2023.
"We are delighted that justice and truth has prevailed and the Thomson-Moore family can move on with their lives as they planned some three long years ago," a spokesperson for Regan said.
Dismayed
"We are still dismayed that the case was ever taken, as it sought to over turn 330 years of Irish conveyancing law.
"It has been a gruelling, public, costly and deeply unnecessary battle for the family that would have broken most human beings both emotionally and financially.
"As Maurice said in court, all he wanted to do was try and buy a farm. The Thomson-Moore’s simply wanted to sell their home and farm that had been in their family for almost 400 years for over €7m or 50% more than the nearest bid of €15m yet here we are three years and over €10m in legal costs later.
"We have nothing but admiration for the family for the bravery and dignity that they have shown in the face of what Anna Thomson-Moore described as being "steamrolled" into litigation they could not afford.
"Lawfare did not win in Court but the reality is the family have lost three valuable years," the spokesperson concluded.
Thomson-Moores
A statement on behalf on the Thomson-Moore family said that they wholeheartedly welcome the conclusion of the proceedings and thanked their legal team for their representation in the case.
"It took an immense amount of courage to withstand the onslaught we faced, and to believe that justice would prevail.
"The consequences for our family have been significant. Our lives have been placed completely on hold. The stress, trauma and financial burden imposed on the family throughout this entirely unnecessary process has been immense," the family said.
"We now look forward to being able to turn our energy and attention to supporting and loving our family, especially our son Teddy.
"This was a long and intrusive process meant to intimidate us and bankrupt us. For everyone who has supported us - especially locally - please know that every single kindness has carried us. Thank you," the statement said.
Read more
Barne Estate: what happened in 2023
John Magnier drops plan to appeal Barne Estate ruling
John Magnier of Coolmore loses battle for Barne
SHARING OPTIONS