“ I went broke with € 1 and my young family ”

Real estate developer and charity boss Niall Mellon, who was recently convicted of breaching the peace and convicted of public drunkenness in Dublin last year, said after handing over his home to the National Assets Management Agency (NAMA ) that he had remained “penniless”.

Mellon, who is the father of four young children and well known for his charity work with the Niall Mellon Township Trust, spoke about his money issues and belief with Marianne Finucane on RTE Radio One this morning.

Last week he was sentenced in court after being charged with abusing staff, members of the public and the gardaí on July 12 of last year.

Addressing his conviction for public drunkenness, Mellon admitted to calling the garda in question “the B word”, which he said he deeply regret. He said he apologized to the Garda for his behavior.

He said the Garda was a “decent” man and a “very nice person”. He also apologized wholeheartedly to all members of the gardaí who were listening, adding: “I apologized and I was irrelevant.”

Mellon added that he represented himself in court and chose not to tell the judge until after the ruling that he had refrained from drinking alcohol since the night of the offense.

Pub

The July incident took place in a pub – Taylors Three Rock – which is owned by Mellon, but is now located at NAMA. He was asked if he was bitter about it.

“Technically, I am still the holder of the mortgage, but it is for sale at the moment, so when it is sold, all assets will go to NAMA,” he said, adding that people would think that ‘it was hard to drink in a place where “you worked so hard to build it and make it a success and now sell it for nothing”, but he said, “I’m way beyond that …” .

When asked about his membership in NAMA, Mellon said personally that people can deal amicably, but said he has a problem with the law. “… I have never heard of a property recovery where people are prohibited from buying back their assets … the consequence is that houses and assets are devalued … the law is very clear, I cannot buy back this asset “, did he declare.

He criticized this and said: “Ireland will end up being owned by Chinese man, Indian man and American man… it is a very short sighted vision.”

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Wholesale real estate developers

He said people often have opinions about what they perceive to be “big real estate developers,” but argued that everyone’s future is interconnected with NAMA, saying it has been “traumatic for everyone. world in Ireland ”.

While speaking kindly of the late Brian Lenihan, he said Brian Lenihan and Brian Cowen have created “great hatred against everyone who lives in a big house, especially real estate developers.”

Mellon said the total net worth he lost was € 150 million. “I have lost everything I owned in the past 25 years”, but I said not to interpret it as a “complaint”.

He said: “I went broke with € 1 and my young family”. He said, however, that he was lucky to be able to rent a property that was owned by his business and that through hard work trying to raise money for a mortgage, his wife had managed to buy the house.

Mellon also made it clear in the interview that he never received a salary for his work at the Niall Mellon Township Trust.

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