Irish tycoon admits he made mistakes following discussions with politicians
Sean Quinn has admitted he’d “made mistakes” in his business career following a meeting with politicians.
The Irish tycoon is believed to have spent much of yesterday locked in meetings with advisers trying to hammer out a strategy to deal with Anglo's decision to install a receiver across the Quinn Group, reports the Irish Independent.
The newspaper says that Quinn is believed to be examining their options in relation to the insurance business and the family's remaining assets, including the Belfry golf course in the UK.
A spokesman last night indicated that "no decision" had yet been reached on the Quinns' strategy to deal with those assets, or the €2.88bn debt owed to Anglo Irish Bank.
In a statement issued in the immediate aftermath of Anglo's decision to take control of the Quinns' manufacturing, property and hotel interests, the family said they were "considering" the bank's action.
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