George Magan, Baron Magan of Castletown

In 2017, Magan obtained a loan from a fellow peer, Lord Ashcroft, to avoid a bankruptcy application in London.[2]

In 2018, he was ordered to pay €572,000 in rent arrears.[3]

In September 2019, Magan was evicted from Castletown Cox for failure to make rental payments of €100,000 per annum to the trust he had placed the estate into, which had sold the property for a reported €19m in 2018.[4] The High Court in Dublin ruled that Lord Magan was not entitled to a new tenancy of the Castletown Cox Mansion. Unable to pay his lawyers, there was some evidence of a legal move against his residence in London.[5]

In October 2019, the High Court in London sentenced Magan to one week imprisonment, suspended for six weeks after ruling that he was in contempt of court for failing to provide all the information requested about his finances adding "His current attitude, that this seems to be a wholly voluntary process, is highly mistaken."[6]

On 8 September 2020, Magan was declared Bankrupt by the High Court of Justice in London.[7]

In December 2020, Magan lost his appeal in the Irish High Court to overturn his eviction from Castletown Cox. Ms Justice Faherty, on behalf of the three-judge Court of Appeal, dismissed the appeal. She said the defendant had not shown he had a good defence on the merits or had a defence with a reasonable prospect of success. [8]

On 25 January 2011, Magan was created a life peer as Baron Magan of Castletown, of Kensington in the Royal Borough of Kensington and Chelsea,[9] and was introduced in the House of Lords on 27 January 2011,[10] where he sits as a Conservative.

Magan is currently ineligible to sit in the House of Lords and was removed in September 2020 [11]