Richard Curran: Move by Irish banks on RGRE properties isn’t Johnny Ronan’s first receivership rodeo

Johnny Ronan

Richard Curran

This won’t be Johnny Ronan’s first receivership rodeo. And it remains to be seen whether the receiver appointed to some properties in the Ronan RGRE group of companies this week will be his last.

Ronan has seen it all. Extraordinary heights of profit and debt with Treasury Holdings during the boom, followed by receivers and liquidators in the bust.