19 Facts About Dermot Desmond

Dermot Desmond was educated at Scoil Mhuire, Marino and Good Counsel College in New Ross.

Dermot Desmond left school in 1968 to work at Citibank in Dublin.

Dermot Desmond competed with already established stockbroking names in Dublin such as Davy's and Goodbodys.

Dermot Desmond quickly purchased an e-commerce license from the EU and it experienced rapid growth over the following years.

Dermot Desmond though fell victim to the dotcom bust and all but collapsed.

McManus, Dermot Desmond purchased the luxurious five-star Barbados resort Sandy Lane Hotel.

Dermot Desmond was founded in 2000 by Dermot Desmond and started trading in September 2001.

In November 2021, Dermot Desmond bought BETDAQ back from the Entain group for an "undisclosed sum".

Dermot Desmond was a major shareholder in Irish food company Greencore for a number of years.

In 2005, Dermot Desmond opened the Sporting Emporium, a Dublin-based private members gaming club.

Dermot Desmond invested in the bank as a result of being very impressed with its management team and capital structure.

However, the subsequent economic downturn has reduced the value of Dermot Desmond's holding in the bank significantly.

Dermot Desmond turned down the offer citing prior commitments as a factor which would not allow him the sufficient time necessary to do the job.

Dermot Desmond gave evidence relating to the Century Radio module of the Flood Tribunal.

The Moriarty Tribunal found that Mr Dermot Desmond made substantial payments to Taoiseach Charles Haughey.

Dermot Desmond said Haughey asked him for the money in 1996 because of "a shortage of funds".

Dermot Desmond loaned money to Feltrim plc, which was at the time managed by Charles Haughey's son, Conor Haughey.

Mr Dermot Desmond again claimed this payment was a loan, but the Tribunal disagreed, noting again that Mr Haughey had settled with the Revenue Commissioners in relation to the sum, having failed to pay Capital Gains Tax at the time.

Dermot Desmond is the largest individual shareholder of the Scottish Premiership football club Celtic FC Dermot Desmond previously held a stake in Manchester United.