Cannon has Pub, Seized, by the Vulture Funds?

Posted by


Fine Gael TD’s pub seized and sold off by vulture fund over €300,000 unpaid AIB loan

Ciarán Cannon said it was ‘one of the many rural pubs that simply didn’t survive’

Deputy Cannon said AIB had refused to enter discussions about restructuring the loans his company took out on the pub property in 1999. Picture by Collins Photos
ciaran Cannon TD

Deputy Cannon said AIB had refused to enter discussions about restructuring the loans his company took out on the pub property in 1999. Picture by Collins Photos

Mark Tighe

August 27 2022 11:14 PM


A Fine Gael TD has had a pub and adjoining house he owned seized and sold off by a so-called vulture fund over the non-repayment of a €300,000 loan from AIB.

Ciarán Cannon, a Galway East TD, who was a junior minister in the Department of Foreign Affairs until 2020 on a salary of €129,854, said his business was “one of many rural pubs that simply didn’t survive”.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s