In interview on South East Radio on Monday, Wallace claims he receives sum for providing ‘contacts with wine producers in Italy’
“I built them and I put my heart and soul into them but they are owned by investors now,” he said. “I don’t own them. I don’t have any shareholding in the lease. I always felt they were sort of mine but it’s inaccurate for me to say I own three wine bars because I don’t.”
Asked the identity of these investors, he said he does not know. “I’ll tell you the truth, I don’t know who owns them because the banks sold them to investors. So, they’re all owned by investors, the three bars are all owned by different investors. And on my heart, I don’t know their names. And I actually haven’t met any of them.”
“They were doing very well. It was a decent business. But obviously all the value was in the buildings, they were great locations and it was very good. “So there were different people then, I mean they’re all friends of mine, who’ve had it. Three of the lads, who are Italians, they are getting a good wage out of it but they’ve never got a dividend out of it.”
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