Former Boyzone star Shane Lynch has admitted for the first time he could stage a reunion gig with his old bandmates after two of his businesses have gone under.

After years of vowing that his life in showbusiness was over, Lynch, 48, has now said he would consider an Oasis-style mega-money concert, and it’s believed that his recent business troubles have may have changed his mind.

Always considered the ‘bad boy’ of the band, Lynch’s net worth was once estimated at £15m. 

But his finances have taken a huge blow recently with the closure of a pub he owned near his home and the liquidation of a company jointly run with wife Sheena, 44.

Rae Mae Ltd, which Shane and Real Housewives of Cheshire star Sheena have run for 10 years, appointed a voluntary liquidator this month, having run up debts of more than £250,000.

The firm lost £211,424 last year, according to Companies House records that show the couple had taken out loans totalling £110,136.

Former Boyzone star Shane Lynch has admitted for the first time he could stage a reunion gig with his old bandmates after two of his businesses have gone under

After years of vowing that his life in showbusiness was over, Lynch, 48, has now said he would consider an Oasis-style mega-money concert (L-R Mikey Graham, Ronan Keating, Keith Duffy and Shane in Boyzone in 2019)

Rae Mae was incorporated in 2015 and the business relates to the couple’s ‘performing arts’ work, which Shane has vowed many times was at an end for him. Sheena has been a regular on the ITVBe show, Real Housewives of Cheshire for four years.

Together, the couple have invested in multiple businesses over the years with mixed results, among them shoe shops, perfume distilleries and clothing enterprises.

But last week saw the closure of an Irish bar Shane part-owned, which was repossessed by its landlord.

The Rusty Shamrock, in Knutsford, Cheshire, began life as D13 (named after Lynch’s former postcode in hometown Dublin) in 2021 when it was opened by the singer, Sheena, and his business partner, professional stunt driver Nathan Gerhold.

It was a popular pub, holding live music, quizzes, Guinness nights and big St Patrick’s Day celebrations.

However on December 6, the landlord issued a forfeiture of lease notice at the bar, which has remained shut since.

A former barman who worked at Shane Lynch’s pub claimed it was ‘the place to go’ before customers dried up.

‘It’s a real shame,’ they said. ‘It was a great place to work and Shane is genuinely a lovely guy.’

His finances have taken a huge blow with the closure of a pub he owned near his home and the liquidation of a company jointly run with wife Sheena, 44 (pictured together in 2021)

Last week saw the closure of an Irish bar Shane part-owned, which was repossessed by its landlord

The Rusty Shamrock, in Knutsford, Cheshire, began life as D13 in 2021 when it was opened by the singer, Sheena, and his business partner, professional stunt driver Nathan Gerhold

A former barman who worked at Shane Lynch’s pub claimed it was ‘the place to go’ before customers dried up

He added: ‘It was the place to go a few years ago. There was quiz and he put on a band or singer on every night from Thursday until the weekend.

‘The place was always rammed and all my mates came in.

‘But then they stopped putting in so much effort. There would be just one singer a week and staff left and they were never properly replaced.

‘The place seemed to go downhill. People still came but not in the same numbers.

‘Bit it can be tricky in hospitality in Knutsford. One thing works and then it suddenly doesn’t.’

Shane and Sheena and their two daughters live in a £1m mansion not far away, having moved up north from Redhill, Surrey in 2019.

But now, after the couple invested in a variety of businesses, some of which have failed, Shane has indicated he would consider getting the old band back together, despite years of vowing ‘never again.’

Speaking to the Irish Mail on Sunday ahead of the release of a Sky three-part documentary series, Boyzone, No Matter What, Lynch said: ‘Would I party with the boys for one last time? Yeah, sure thing. I’ll go and party at the O2 for the craic in front of 20,000 people.’

Yet only a year ago he refused to even entertain the possibility.

Speaking as he and Sheena launched a discount fragrance brand, called Amen Heaven Scent in Ballymena, Co Antrim, he told U105 radio when asked about Boyzone: ‘I love them guys and have a great time, but me personally, I’m always, always trying to get businesses so I never have to go back there again.’

Last year, singer and actress Sheena likewise told skin care expert Scott Glynn on his Instagram show: ‘He’s just focused on business, so he’s giving up all the celeb stuff. 

‘He spent so many years away from home. I just had a baby and three weeks after he had to go traveling for work, I didn’t see him.

‘It’s just nice he can go out and come back he does most of the cooking.’

And in 2022, Shane told Christine Lampard on ITV: ‘Look. I love my boys [Boyzone] to pieces. And I think for me personally, the last gig we ever did…it was kind of the last show for me.

‘I’ve had enough. I love business life. I love everything that I’ve created and built up to.

‘Because, you know, sometimes when you go back on tour, you lose a lot. You lose a lot of family life too.

‘So I think I’m steady where I am, and I’m very happy not to be a part of that world anymore.’

Speaking to the Irish Mail on Sunday ahead a Sky three-part series, Boyzone, Lynch said: ‘Would I party with the boys for one last time? Yeah, I’ll party at the O2 for the craic’ 

Shane and Sheena and their two daughters live in a £1m mansion not far away, having moved up north from Redhill, Surrey in 2019

Along with Boyzone pal Keith Duffy, and former Westlife member Brian McFadden, Shane has invested an undisclosed amount of cash into semi-pro Chorley FC, currently playing in the National League North, the sixth tier of English football.

The move has been compared to Hollywood A-listers Ryan Reynolds’ and his actor business partner Rob McElhenney’s much bigger takeover of League One Wrexham AFC in 2021.

Lynch told the Mail on Sunday that he hadn’t the first clue about business when he first hit stardom.

He said that at the height of their fame, the band had no plans to invest or save money.

It was only when the group began to split at the seams that he realised, ‘if I wasn’t on stage, I wasn’t getting paid.’

‘Investment didn’t cross my mind one bit,’ he said. ‘Would we have been better off with financial advisors? Possibly. But guess what? I just wanted what I wanted.’

He recalled that when he wanted a car: ‘I got a new car. There was no, “actually, you shouldn’t buy that car, you should buy this little flat in Birmingham”. Don’t mind that – I’m getting a Porsche!’

Now motor-mad dad of two has reverted back to his first love – cars – a hobby he described as his ‘replacement’ for the excitement of being on stage.

He owns a supercar unit in Cheshire, England and is a former British GT Championship racer and has competed in the British Drift Championship.

But there’s no doubt he misses the thrill – and perhaps also the money of pop stardom.

‘When you’re on stage playing for 10,000 people, there’s an energy that’s very real,’ he said.

‘There’s a force, it’s like if you stood in front of a bᴀss speaker in a nightclub. When there are 10,000 people screaming, you can physically feel that.

‘Keith [Duffy] and I hung out recently. We were talking about the luxury of that experience.

‘When you stand on that stage for the first time in a long time with that crowd – there’s only a tiny percentage of people who will ever get to experience that.’