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IOM connection with Odeon case

An Isle of Man businessman is suing former Irish rugby coach Pat Whelan and another Limerick businessman for £12 million, in connection with a loan for the proposed redevelopment of the Odeon cinema site in London.

Anglo Irish Bank is trying to halt that action by Frank Woods.

Anglo argues it has a priority claim relating to the loan and wants an injunction preventing Mr Woods from going ahead with legal action.

Mr Woods is suing Mr Whelan and Patrick Chesser over their alleged failure to honour an agreement to provide securities relating to a £10 million loan given for the redevelopment of the site in Leicester Square.

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