Billionaire businessman John Magnier has “on pragmatic grounds” dropped his plan to appeal against the High Court’s ruling in his case over the Barne Estate in Co Tipperary.
A statement on behalf of the Coolmore stud farm owner said the appeal contemplated by him and his co-plaintiffs “did not intend to seek enforcement of the land deal (or associated damages)”. Instead, the plaintiffs had wanted to challenge the judge’s factual and legal findings, with which Magnier had “fundamental and firm disagreement”.
“John Magnier resolutely maintains the position he put forth at trial and his position … He has at all times acted in absolute good faith and remains…