Written answers

Thursday, 4 December 2014

Department of Finance

NAMA Debtor Agreements

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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65. To ask the Minister for Finance if the National Asset Management Agency has taken control of a number of assets of borrowers including premium tickets for both Croke Park and the Aviva Stadium. [46576/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that, through its engagement with its debtors, it has obtained charges over a wide range of previously unencumbered property and non-property assets.  Through this process, NAMA has obtained charges over additional security with an aggregate value in excess of €800m, which represents a significant additional protection for Irish taxpayers. This includes  a limited number of cases where debtors have disposed of their interest in corporate hospitality facilities at sporting events with the proceeds going to NAMA.


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