The private equity backers of Bonza and the melbourne Victory A-League team have called in a restructuring firm to provide advice on “operational challenges” at the same time as its co-founders have been forced out. Miami’s 777 Partners had grown rapidly, buying stakes in European soccer teams and in airlines including Bonza, which called in…
In March this year, after 14 years in business, Glen Iris brewery
Rev. Daniel Ogbarmey-Tetteh Awaits complete validation to settle the remainder Government has provided a GH¢1.4billion relief package to embattled customers of 27 collapsed fund management companies, including gold coast Ltd. – which hitherto had not received a penny due to a prolonged validation process. A press release by the Securities and Exchange Commission (SEC) dated…
The development company behind a massive gold coast project has called in administrators, leaving creditors owed about $80m. Nerang Street, which is developing the $500m Queen Street Village at South Port, has been impacted by funding issues on top of dealing with the Covid-19 pandemic, according to The Australian. Robson Cotter Insolvency Group said unsecured…
Rugby Australia boss Phil Waugh met Victorian government officials on Wednesday to discuss the future of the melbourne Rebels, as liquidators continued to look for a way forward for the club. But there are still no guarantees over whether the government will provide a bailout for the club, which officially entered voluntary administration on Monday…
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment. The 26-year-old label, best known for its minimal black and white designs and earth-tone apparel, on Wednesday appointed Justin Howlett of SMB Advisory as administrator. Nique has since ceased trading, while Howlett pursues urgent expressions…
They allege the governing body owes $6 million for underfunding the club over a number of years, and an additional $2 million to cover the cost of Rebels’ player wages while they were on Wallabies duties. Button outlined the directors’ argument that if Rugby Australia paid this amount that would pay off some of the…