Former hurling star had about 80 per cent of his €9.5 million debt written off after sales
However, the report did not take account of the sale of the golf resort properties.
Most of the bank’s judgment against Mr Carey, some €7.85 million, related to a Celtic Tiger-era loan to buy the properties at the K Club and Mount Juliet prior to the property crash when homes at the five-star golf resorts were selling for multimillion euro sums.Land Registry records show that he became owner of the property in May 2008 and that his ownership was cancelled in September 2014 following the sale of the property.
AIB’s charge against the property, dating back to October 2007, was also cancelled with the sale of the home, indicating that some of the bank’s debt was satisfied from the sale.
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