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NEWS
Original London Eye lender is reappointed
POSTED 25 May 2004 . BY
BA has confirmed that the owner of the BA London Eye, the London Eye Company, has reappointed one of the original financers of the attraction, Sumitomo Mitsui, to help advise on refinancing options.

The London Eye Company, which is equally controlled by architects, David Marks and Julia Barfield and The Tussauds Group, was recently at the centre of an argument over refinancing.

The argument began when Marks and Barfield wrote to the CEOs of Tussauds and BA, which is also a part-owner, stating their regret over the failure to refinance the London Eye Company.

Marks claimed that future plans to develop the London Eye were consequently at risk due to this refinancing failure.

He said: “Tussauds is blocking the Eye’s refinancing. At every turn, they have sought to gain overall control of the company we created. We will not allow that to happen, but Tussauds is now threatening the long term financial future of the Eye.”

Now that the Japanese lender has been reappointed to advise on debt restructuring, it is hoped that the argument can to be resolved.

MORE NEWS
Excurio and The Muséum National d'Histoire Naturelle create evolutionary VR experience
Virtual reality creators Excurio has teamed up with experts from The Muséum National d'Histoire Naturelle to create Life Chronicles London, a free-roaming VR experience.
The Park Playground opens first immersive VR franchise in Porto
The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
+ More news   
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03-05 Sep 2024

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03-08 Sep 2024

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Cruise London, Amsterdam, Zeebrugge, United States
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NEWS
Original London Eye lender is reappointed
POSTED 25 May 2004 . BY
BA has confirmed that the owner of the BA London Eye, the London Eye Company, has reappointed one of the original financers of the attraction, Sumitomo Mitsui, to help advise on refinancing options.

The London Eye Company, which is equally controlled by architects, David Marks and Julia Barfield and The Tussauds Group, was recently at the centre of an argument over refinancing.

The argument began when Marks and Barfield wrote to the CEOs of Tussauds and BA, which is also a part-owner, stating their regret over the failure to refinance the London Eye Company.

Marks claimed that future plans to develop the London Eye were consequently at risk due to this refinancing failure.

He said: “Tussauds is blocking the Eye’s refinancing. At every turn, they have sought to gain overall control of the company we created. We will not allow that to happen, but Tussauds is now threatening the long term financial future of the Eye.”

Now that the Japanese lender has been reappointed to advise on debt restructuring, it is hoped that the argument can to be resolved.

MORE NEWS
Excurio and The Muséum National d'Histoire Naturelle create evolutionary VR experience
Virtual reality creators Excurio has teamed up with experts from The Muséum National d'Histoire Naturelle to create Life Chronicles London, a free-roaming VR experience.
The Park Playground opens first immersive VR franchise in Porto
The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
Live action video game experience Chaos Karts has launched in a 15,000sq ft arena in Al Quoz, Dubai.
+ More news   
 
COMPANY PROFILES
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-05 Sep 2024

ASEAN Patio Pool Spa Expo

IMPACT Exhibition Center, Bangkok, Thailand
03-08 Sep 2024

Spa Peeps International Corporate Cruise

Cruise London, Amsterdam, Zeebrugge, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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