The latest filing at Jersey's Financial Services Commission shows that at 1 January this year, the consortium had paid just over £20m for investment in Sunderland.
The Dublin-based Patrick Kelly, of the major house builder Kelland Homes, was then the largest investor, with 2,271 shares bought for £2,058.53 each — a total of £4.6m.
Hays and his wife Irene (the chief executive of South Tyneside Council) invested £1.6m combined, as did the builders Jack Tierney and Patsy Byrne.
It was understood that a number of the original consortium members did not take part in the fund rising and therefore their percentage share holding reduced.
On 25 September 2008 it was reported [8] that Ellis Short, a Dallas-based billionaire Irish-American fund manager, became the largest single shareholder in the Drumaville Consortium with a 30% buy-in.