circuit of wales
Posted: Fri Sep 22, 2017 1:08 pm
That's that done with then, Mr Carrick legs it with £sssssss of Welsh taxpayers money & Moto gp says "Thanks very much"
A company that has been integral to the the Circuit of Wales project is facing a winding-up petition in the High Court and has confirmed that it will not be involved in the future of the racetrack scheme.
Aventa Capital Partners is in talks with its creditors while it develops a “restructuring proposal” and its website is no longer publicly available.
The company is solely owned by Michael Carrick, the frontman for the project to build a £430m autosport racetrack on moorland above Ebbw Vale.
Before Aventa’s website was taken down, it used to describe the Circuit of Wales as “motorsport circuit being developed in partnership between Aventa and the Welsh Government”.
In June the Welsh Government decided not to underwrite a £210m loan to the Circuit of Wales, after concluding it posed too great a risk to public funds and would create only around 115 jobs in its first phase.
"Taken from Wales online"
A company that has been integral to the the Circuit of Wales project is facing a winding-up petition in the High Court and has confirmed that it will not be involved in the future of the racetrack scheme.
Aventa Capital Partners is in talks with its creditors while it develops a “restructuring proposal” and its website is no longer publicly available.
The company is solely owned by Michael Carrick, the frontman for the project to build a £430m autosport racetrack on moorland above Ebbw Vale.
Before Aventa’s website was taken down, it used to describe the Circuit of Wales as “motorsport circuit being developed in partnership between Aventa and the Welsh Government”.
In June the Welsh Government decided not to underwrite a £210m loan to the Circuit of Wales, after concluding it posed too great a risk to public funds and would create only around 115 jobs in its first phase.
"Taken from Wales online"