Irish hotel owner Patrick McKillen accused of lying Mr McKillen was accused of negotiating "side deals" that could have seen him paid up to £25m for reducing his stake in the hotel group from 36pc to 25pc. The money would have been paid as a "management fee" over five years, meaning his lenders who had a charge over his shares would not have benefited. He is suing them for allegedly breaching his rights by buying out his co-investors in the hotel group, Coroin. He claims Sir David and Sir Frederick breached his pre-emption rights by buying up stakes without them being offered to him first. Sir David and Sir Frederick deny any wrongdoing. The court heard how Mr McKillen had tried to put together a deal with Qatari investors in 2011 to sell them 75pc of the company while he retained a reduced 25pc stake. Part of the deal would have involved Mr McKillen being paid £5m annually for three to five years in "management fees" to oversee the development of the hotels. Kenneth MacLean QC, one of the barristers representing Sir David and Sir Frederick's interests, said: "We do not accept your evidence at face value. Management fees were really disguised consideration for giving up shareholdings in Coroin... You are telling lies.