19 May, 2010 @ 16:18
1 min read
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Problems engulf Spain property company

A MALIGNED Costa del Sol property company is allegedly winding up yet another branch of its business.

MacAnthony Realty International – founded by beleaguered property magnate Darragh MacAnthony – is closing one of its overseas offshoots.

According to the Sunday Times the directors of MacAnthony Realty International Ireland (MRII) have agreed “in principal” to the liquidation.

MRII allegedly made loses of 2.87m euros on sales of 54m euros in 2007.

The company was not satisfied it could recover its 5.3m euro trade debt and cited the failure of suppliers as one of its biggest problems.

Meanwhile, MRI Overseas Property Limited has also gone into voluntary liquidation, despite the company insisting it was a UK subsidiary “that we never used”.

Also being wound up is MRI TV ltd, owing 300,000 euros, as well as MRI Media, with debts of 560,000 euros.

MacAnthony, chairman of Peterborough United FC, saw his team relegated this season, finishing bottom of the English Championship.

Jon Clarke (Publisher & Editor)

Jon Clarke is a Londoner who worked at the Daily Mail and Mail on Sunday as an investigative journalist before moving to Spain in 2003 where he helped set up the Olive Press.

After studying Geography at Manchester University he fell in love with Spain during a two-year stint teaching English in Madrid.

On returning to London, he studied journalism and landed his first job at the weekly Informer newspaper in Teddington, covering hundreds of stories in areas including Hounslow, Richmond and Harrow.

This led on to work at the Sunday Telegraph, Sunday Mirror, Standard and even the Sun, before he landed his first full time job at the Daily Mail.

After a year on the Newsdesk he worked as a Showbiz correspondent covering mostly music, including the rise of the Spice Girls, the rivalry between Oasis and Blur and interviewed many famous musicians such as Joe Strummer and Ray Manzarak, as well as Peter Gabriel and Bjorn from Abba on his own private island.

After a year as the News Editor at the UK’s largest-selling magazine Now, he returned to work as an investigative journalist in Features at the Mail on Sunday.

As well as tracking down Jimi Hendrix’ sole living heir in Sweden, while there he also helped lead the initial investigation into Prince Andrew’s seedy links to Jeffrey Epstein during three trips to America.

He had dozens of exclusive stories, while his travel writing took him to Jamaica, Brazil and Belarus.

He is the author of three books; Costa Killer, Dining Secrets of Andalucia and My Search for Madeleine.

Contact jon@theolivepress.es

2 Comments

  1. When will people begin to see what MacAnthony and his sidekick Pickering are up to.
    Visit the MRI Support Group website and join the forum if you are a victim of their behavior and want to know what is happening to your investments.

  2. Another perfectly honest man caught up the Spanish property deboggle!

    He does’nt look fishy does he?

    I’m starting to think some of these guys could teach Spanish crooks a thing or two!

    Amazing though that they aways have money for high priced suits (lawyers) but they are always destitute when asked to pay back their victims!

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