Reply With QuoteOriginally Posted by CASPER-64-FRANK
They've been in trouble a while now Casper, seems no one is safe these days .
Hall Of Fame
Eddie Stobarts...supposed to be...
Weeks away from collapse and have been forced to accept an emergency loan to avoid a collapse before Christmas.
They're taking a £55M loan out from Dbay Advisors. The deal will give Dbay Advisors 51% stake in the company saddling existing shareholders with massive losses.
Always see Stobarts up and down the Motorways...
Hall Of Fame
They've been in trouble a while now Casper, seems no one is safe these days .
Hall Of Fame
Yes Lincs they have been in trouble a while, I've been looking at the share price..
A couple of friends work for them out of Doncaster.
Big black hole in the accounts.
Moderator
Correct Loyal. Been mentioned more than a year now that they were well in debt and couldn't get out of it. Old Eddie will be really upset it's all turned out this way. His late Son Eddie Stobbart Jr would have also been distraught at this inevitable ending if things don't turn around.
Last edited by Brin; 17-11-2019 at 06:57 PM.
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Think they have spread themselves too thin. A finger in too many pies to handle methinks...
Moderator
Wasn't there some spat over the company being sold but not the name/iconic livery?
Hall Of Fame
Yes, probably 15 years ago or somewhere round that time.
Andrew Tinkler was involved with Stobarts until 2014.
Tinkler is trying to put a £75M rescue package up instead of using Dbay Advertising offer.
Hall Of Fame
Eddie Jnr had filed for bankruptcy about a year before his death.
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