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JACK NEALON’S BAR on Capel Street is set to close next month after over a hundred years in operation, due to a decision by a foreign vulture fund.
The popular and well-known pub on Capel Street close to the Quays in Dublin city centre will permanently shut its doors on 17 April.
A member of staff confirmed to TheJournal.ie that the pub would be closing, with the loss of eight jobs. They said staff were distraught with the move.
The lease on the pub is owned by Total Stock Control Ltd, which is operated by Vincent and Alan Waters.
The Irish Times reports that the lease holders informed staff on Monday that the foreign investment firm which controls the debt on the property has directed the owner that they wish to take back control of the building and will no longer be operating it as a bar.
According to the Irish Times, north-American vulture fund Oaktree acquired the loans on the building from Nama as part of a large portfolio of property loans with a value of €4.7 billion known as Projects Ruby and Emerald.
TheJournal.ie has contacted Oaktree for comment.
Historic bar
Dubliners and other bars and restaurants in the area reacted with dismay to the news that Nealon’s was to close.
“Terrible news. Lovely Nealon’s Bar on Capel St is to close down in April. Vulture fund. All staff laid off,” tweeted barrister Colm O’Dwyer.
Colm O'Dwyer / TwitterTerrible news. Lovely Nealon's Bar on Capel St is to close down in April. Vulture fund. All staff laid off. WTF is happening in this city?
— Colm O'Dwyer (@colmfod) March 7, 2017
The Bull and Castle on Dame Street said:
What a shame to lose some history – Dublin pub Jack Nealon’s set to close after a century.
Many other customers vented their frustration at the upcoming closure, questioning the decision by the vulture fund.
According to an architectural survey of the building in which Nealon’s operates, it was first built in 1867 for by Charles Geoghegan for the wine and spirit merchant John O’Connor.
It is a busy and popular spot with a diverse crowd. Barristers from the nearby Four Courts, locals living in the area, and members of the LGBT community frequent Nealon’s regularly.
The pub is also hub for a number of poetry and live music nights.
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Even though he tried to chat up what he thought was a 16 year old girl, “Judge” Nolan still gives him a suspended sentence? Beggars belief
@COYBIG: see I agree with you and dont get me wrong these people are sick and should get longer sentences but you cant blame the Judge because he is just going by the law and the law should be changed !
@Jim Gold: Judge Nolan is known to give very lenient sentences to paedophiles … why is he allowed to continue to preside over these cases??
Nobody allowed to critise a certain judge any more??
@Siobhán Ni Mhurchú: Judge Nolan is half the problem with crime in this country.
@Siobhán Ni Mhurchú: I said he was a joke and my comment was deleted!
In 1994, the Sunday Sport newspaper published a series of pictures of then 15-year-old Linsey Dawn McKenzie as part of their day-by-day countdown to her 16th birthday, on which occasion they published her topless debut.
@Zozzy Zozimus: yes??
@Hans Vos: yes what?
I dont get it, were the sharing pictures of kids to each other or just sharing their own sik fantasies
If these gents were to be hung from a lamppost at high noon tomorrow the outcry from the liberal left and civil liberties groups would be vociferous
@Damien Mooney: yawn. Not only “liberals” and “lefties” oppose public lynchings.
@DJ François: yeah, I’m a positive rascal and I want no part of that. Unless they physically harm a child, then we can talk business
Wait, did the second guy know that the first was a man posing as a girl or did he actually think he was contacting an underage girl?? I don’t see the harm in a guy posing as a girl for some fantasy but a guy trying to chat up what he thought was a young girl is worrying
@Raymond Burke: they were both in on it from my reading. It’s effectively a thought crime.
Very hard to spot the crime here. No images of children and no actual children were involved. Having said that I wouldn’t be calling either of them up to babysit on Saturday evening.
@Anthony Horan: Crime-fiction writers would want to tread carefully around these parts….
Presumably by the same token, the author of the book Lolita would be getting a visit from the cops were he to publish it today….. Ireland1984?
Rough childhood,bullied,blah blah!
When is this going to stop?
Judges being lenient on sexual deviants because of their “remorse”.
@Kenneth Finnerty: I think they mean tagged, not tag
@J M Raw: no, that’s how the gardai found a conversation between the 2. Sounds like they were publishing it online (?) or on a forum at least.
They are psychologically sick individuals who should be sentenced to a year of therapy to cure their illness’s not suspend the problem for 12 months as Nolan’s has issued.
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