Liquidators feel Dragon’s wrath

Duncan Bannatyne, the Scottish gym chain owner and star of the British version of Dragon s' Den , has just brought out a paperback version of his book My Journey to the Brink and Back , which references Kieran Wallace and Eamonn Richardson, the KPMG liquidators of IBRC.

The hardback version of the book outlines how the financial crisis hit his gyms business, backed with £115 million of loans from Anglo Irish Bank. Bannatyne tried to buy the loans from the liquidators at 95p in the pound, but they were sold instead at a discount to Lone Star.

There is a little sting of the tail for the liquidators in the bonus chapter in the paperback: Bannatyne lashes Wallace and Richardson as being of “a particularly stubborn breed” for knocking him back. They’ll love that.