Not necessarily bad news for CE as it says they are trying to liquidate (ie sell off) assets to bring down the debt. This could mean a fire-sale, therefore a very attractive proposition for a new investor - eg a hotel/golf chain. : )

AND we would be shot of MF for good. (although the cynics might say that it's better the devil you know......!)

Are there any takers out there even at a knock down price? Golf is in decline and courses no longer subsidised by the developer to sell property have to make money for their investors.
This sums up the situation. KPMG-Golf-participation-in-Europe-213.pdf

Hi been asked (albeit a bit late in reading my post!) to put the links on from my last post re debt swop - there were so many will need to find the post that prompted me to write - just for a laugh I emailed MF good job didn't hold my breath as still waiting for a reply... lol

I for one in view of recent events remain positive for the future