George Magan, Baron Magan of Castletown

George Morgan Magan, Baron Magan of Castletown (born 14 November 1945), is a Conservative member of the House of Lords of the United Kingdom. He comes from an Anglo-Irish family, and is the son of the late Brigadier Bill Magan, who served as a director at MI5.[1] He was educated at Winchester College and then became a Chartered Accountant.

The Lord Magan
Born (1945-11-14) 14 November 1945
Delhi, India
NationalityBritish/Irish
OccupationBusinessman
Political partyConservative
ChildrenThree

Lord Magan was the Conservative Party's Treasurer in 2003 and is the Deputy Chairman of the Conservative Foundation.[2] He served as Deputy Governor of the Bank of Ireland between 2006 and 2008.[3]

Magan was one of the founders of Hambro Magan, and is now a minority partner in private equity firm Rhone Group. He was a Director of a number of other companies involved in the investment banking and private equity sector including Morgan Shipley and Allied Investment Partners. Magan also served on a number of international boards which include the Advisory Board for Ardian (formerly AXA Private Equity), the Advisory Board for Abdul Latif Jameel Group (automotive distributor and real estate company, Jeddah, Saudi Arabia) and as a Financial Adviser for Emaar Properties PJSC (real estate development company, Dubai).

George, Lord Magan, was involved in raising funds for the National Society for the Prevention of Cruelty to Children and from 1996 to 2001, he was a trustee of the Royal Opera House.[4]

In 2017, Lord Magan obtained a loan from a fellow peer, Lord Ashcroft, to avoid a bankruptcy application in London.[5]

In 2018, he was ordered to pay €572,000 in rent arrears.[6]

In September 2019, Lord 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.[7] 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.[8]

In October 2019, the High Court in London sentenced Magan to one week in jail suspended for six weeks after ruling that he was in contempt of court, adding, "His current attitude, that this seems to be a wholly voluntary process, is highly mistaken."[9]

House of Lords

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,[10] and was introduced in the House of Lords on 27 January 2011,[11] where he sits as a Conservative.

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References
  1. "Brigadier Bill Magan". The Daily Telegraph. Retrieved 20 December 2016.
  2. "The Conservative Party Foundation". Theconservativefoundation.co.uk. Retrieved 20 December 2016.
  3. "OUT". Irish Independent. Retrieved 25 June 2020 – via Pressreader.
  4. "Archived copy". Archived from the original on 29 June 2011. Retrieved 27 January 2011.CS1 maint: archived copy as title (link)
  5. "From high life to high court, saga of the €20m mansion and changing fortunes". Independent.ie. Retrieved 16 September 2019.
  6. "Judgment against Lord Magan over mansion rent arrears". The Irish Times. Retrieved 16 September 2019.
  7. Managh, Ray (10 September 2019). "British peer loses tenancy of €20m Castletown Cox estate". The Irish Times. Retrieved 10 September 2019.
  8. "Lord Magan loses High Court battle over tenancy of €20m Kilkenny mansion and estate". Independent.ie. Retrieved 16 September 2019.
  9. Magan, G. "Suspended Jail Term".
  10. "No. 59685". The London Gazette. 31 January 2011. p. 1561.
  11. Lords, Minute Office, House of. "House of Lords Business". Parliament of the United Kingdom. Retrieved 20 December 2016.
Orders of precedence in the United Kingdom
Preceded by
The Lord Kestenbaum		 Gentlemen
Baron Magan of Castletown 		Followed by
The Lord Grade of Yarmouth
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