Northern Ireland tycoon snaps up exclusive Blarney Golf Resort in Co Cork
A high-profile golf resort opened in the dying days of the Celtic Tiger has been bought by a low-key investor from Northern Ireland two days after he heard about the sale.
Tom O'Gorman, who made most of his millions in the sale of oil exploration company Cove Energy, has taken over Blarney Golf Resort in Co Cork near the historic village and castle.
The property, which includes a 61-bedroom four-star hotel, leisure centre and a John Daly-designed championship course, had been on the market for five years and sold for around €2.5m (£2m).
It had reportedly been developed at a cost of €30m-£40m (£25m-34m).
Mr O'Gorman (62), from Newry, Co Down, said it would be business as usual at the resort, securing 120 jobs.
Mr O'Gorman sold Cove Energy to the Thai Government-owned PTTEP for €1.9bn (£1.6bn) in June 2012.
The Blarney resort, which opened in 2007, has 350 members, a large clubhouse and 38 two-bedroom golf lodges.