Former Anglo Irish Bank chairman Sean FitzPatrick wrote off a €48,000 investment which he made in Fintan Drury’s Platinum One sports management agency five years ago, a report by Killarney accountants O’Connor Kelliher & Treacy into FitzPatrick’s property and business interests has shown.

FitzPatrick also invested €857,000 in Galway-based Porto Media, which produces high-speed memory cards for downloading and storing movies. In all, FitzPatrick wrote off €17.5 million on his investment portfolio, the report prepared for his failed bid to win bankruptcy protection indicated.

Legal notices run by O’Grady’s, solicitors for the bankrupt, in today’s newspapers state that FitzPatrick must attend a High Court sitting on July 26th to make full disclosure of his property interests. Anyone owing money or other property to the said bankrupt are responsible for such debts.

FitzPatrick was adjudicated a bankrupt by the High Court on Monday at his own request. His statement of affairs showed his total debts amount to almost €148m. His assets, in terms of investments and property, are currently valued at €51.2m, leaving a deficit of almost €97m.

Platinum One has staged various high profile events in the past, not least the visit of Real Madrid to Dublin last year. The famous Spanish club trained at Carton House in preparation for a match against Shamrock Rovers at the new Tallaght Stadium for Cristiano Ronaldo’s debut.

The agency is handling the Lough Erne Challenge golf tournament with Rory McIlroy, Padraig Harrington, Darren Clarke and Shane Lowry next week and will bring the La Liga side Villareal to Ireland for a friendly against Athlone Town in the midlands on July 24th.

The Irish Daily Mail and TG4 will co-sponsor the international rules series to be played at the GAA Grounds in Limerick on October 23rd and a week later in Croke Park. Paul Henderson, managing director and Niamh NicLiam, marketing manager, Associated Newspapers Ireland, at a photocall announcing the sponsorship.

Rory McIlroy has been confirmed for the 3 Irish Open golf tournament being played over the Killeen course in Killarney at the end of July. The 21-year-old Belfast golfer is now ranked number nine in the world and he broke through on the PGA Tour by winning the Quail Hollow Championship at the start of May.

The 3 Irish Open has a prize fund of €3 million and is in the top three regular tournaments on the PGA European Tour outside of the Majors and the World Golf Championships. Philip Reid of The Irish Times said that only the PGA and the Dunhill Links offer players higher purses.

The 3 Irish Open will run from July 29 to August 1.

Joe Lewins, Ladbrokes Ireland and Emma Donnellan, Irish Distillers Pernod Ricard, at Fairyhouse

Bookmaker Ladbrokes has replaces Irish Distillers Pernod Ricard (IDPR) and its Power Whiskey brand as the title sponsor of Ireland’s richest handicap steeplechase, the Irish Grand National at Fairyhouse, for the next three years. The €250,000 event has been supported by the French drinks group for the past decade.

IDPR will continue its links with Fairyhouse through its sponsorship of the Powers Gold Cup. Ladbrokes is also the sponsor of the Irish Greyhound Derby for the next three years.