Billionaire after Teesside Airport
- Thread starter ThatFragranceGuy
- Start date
The_Lizards_Jumpers
Well-known member
"Mr Flacks, who is CEO of US-based investment firm Flacks Group which specialises in buying distressed companies"
Cant be after our our airport then, Lord Airport has repeatedly told everyone how well it's doing, what with it's 3 flights to wherever a week, its fancy new scanners, and it's viewing platform.
SilentProf
Well-known member
Houchen doesn’t want anyone being able to go over the books and see exactly what he’s been up to there.
Decent_Left
Well-known member
Been in talks since well before the election, but only just come out over the weekend eh
Unravel_Morrison
Well-known member
Interesting. I wonder whether it's linked to them buying the old Elementis site.
Nero80
Active member
Darlo could do with a bit of investment like
Unravel_Morrison
Well-known member
Looking at this company they have invested in airports in the past. It would make sense for them to use the airport for freight if they get the other site up and running.
They've not got the best record internationally at dealing with airports though.
Cottbus Drewitz closed and the other airport they were interested in is the one that's most famous for being used on the old Top Gear for the drag race.
They've not got the best record internationally at dealing with airports though.
Cottbus Drewitz closed and the other airport they were interested in is the one that's most famous for being used on the old Top Gear for the drag race.
davidmills
Well-known member
He wants to buy a 49% stake and have controlling interest. TVCA would own 51% but be a silent partner.
How does that work.
You just know if BentBen is involved it is corrupt.
How does that work.
You just know if BentBen is involved it is corrupt.
ThatFragranceGuy
Well-known member
I think the delta is bens mystery goosepool Ltd owns the 25% stake that Stobart used to hold - that's how they avoid public scrutiny and FOI requests because it's not entirely owned by public bodies
Luckily when stobart exited goosepool was set up and ready to go, almost like they already knew...
Andy_W
Well-known member
It means you can pump some cash in (not having to commit the full amount), try and make a quick buck, then if (when) it all goes t*ts you walk away, and say "nothing to do with me, I was the minority, them lot with the 51% caused it to fail, and they're liable, go after them instead".
Also opens the door very wideley, so you can have a massive influence in selling off or diverting all the good bits, or keeping the good bits yourself, so you get 49% of everything and the other side gets 51% of nothing. Loads of business owners have had the rug pulled from under their feet like this, happens all the time when people are inexperience or naïve. A good example of this is like with Teesport, where Ben/ TVCA either got taken for a ride by Musgrave and Co, or was in on it, either way it's not good. I don't think he's smart enough or experienced enough to be in on it, despite how high his opinion of himself is.
gregorgregorovich
Well-known member
Maybe if he asked really nicely for only 90% and said he wanted I for bu**er all he'd get a more positive reaction from Ben.T
Andy_W
Well-known member
I'll offer £1 an acre, plus VAT, he fell for it before so worth a try.
ThatFragranceGuy
Well-known member
It was fairly cheap at 500k for 75% however it came as a loss making entity and they had to invest something like £20m, which they did and improved passenger numbers for a few years.
gregorgregorovich
Well-known member
That's a dirty lie, now you take it back or he'll take you and PD ports back to Court.
ThePrisoner
Well-known member
This looks like a stunt pulled by BenT to con people into thinking the airport is a valuable asset.
Andy_W
Well-known member
But I've already written out the cheque to TVCA, and sealed the brown envelopes full of cash