tag:blogger.com,1999:blog-7196642437552790719.post7943131645794450775..comments2023-12-27T04:21:54.668+00:00Comments on Ian Driver's Thanet: Margate Dreamland's New Owner? Some Questions Need Answering Ian Driverhttp://www.blogger.com/profile/07956304869323562491noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7196642437552790719.post-47242251240280639162016-07-31T15:36:25.197+01:002016-07-31T15:36:25.197+01:00In my view the Dreamland Trust do not come out of ...In my view the Dreamland Trust do not come out of this well neither. They seemed to be quick to walk away from the mess once Dreamland collapsed. Quite what the real roll of the Dreamland Trust is now is far from clear. Well give it is now certain to close does it have a role at all. Its Web site is pretty much not updated and almost nothing is heard from them<br /><br />This whole sorry mess is a prime example of how not to go about a project. In my view they had no proper project plan or time scales or budget and no clue as to what Dreamland was to deliver. No proper market research appeared to have been carried out. Nor did they have any real idea of the target customer. A few ~Roller coaster fans was not going to deliver a viable project. Millions have been wasted because of this. Millions Margate could ill afford to lose<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7196642437552790719.post-25077701694889352552016-07-31T15:27:52.648+01:002016-07-31T15:27:52.648+01:00The £2.9M debt seems to be wrong. That was the amo...The £2.9M debt seems to be wrong. That was the amount they owed at the time they entered the CVA. My understating is under the CVA they run up another £2M of debt and of course they have the £600,000 they owe the Cayman Island company and I would say it is probably they have run up more debt during the administration<br /><br />It appears they have found no one willing to take on Dreamland which really only leaves the option of liquidating the company. The winners in this appear to be Arrow Grass. Why the administrators approved this deal I do not know. It would be something for the creditors to ask. So the only real asset of Sands goes to the Cayman Island company whilst everyone else will be lucky to get anything with the debts that would appear to be £5.6MAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7196642437552790719.post-74812330157625304742016-06-20T16:16:11.426+01:002016-06-20T16:16:11.426+01:00more dodgy dealings, well unearthed Ianmore dodgy dealings, well unearthed IanAnonymousnoreply@blogger.com