In August 2007, following several years of negotiations, a contract was entered into for the purchase of the majority of land-holding interest on the Island from the owners, Blascaod Mór Teoranta. The final arrangements for the purchase were completed in February this year. The purchase included the lands and associated rights, including ferry rights.
Subject to the availability of resources, consideration will now be given to the carrying out of conservation works to the structures on the property. The future management of the Island will be guided by the Management Plan agreed with various interests in September 2004.