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Jamie Oliver To Avoid Paying Most Of £83m Debts Of Failed Restaurants

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Posted (edited)

Marvellous how Jamie Oliver reportedly worth £100m will avoid paying most of the £83m debt after his restaurant chain failed and he closed 22 of his restaurants. That leaves taxpayers and small businesses he owes money to, to foot part of the bill.  He keeps his money while taxpayers and the businesses pay for his debts, then again this country seems to look after the rich so should expect it.  In November he launched a new restaurant brand, 2 new restaurants in Bali and Bangkok, he has 70 restaurants outside the UK  through franchise agreements.

 

https://www.thesun.co.uk/news/10692864/jamie-oliver-avoid-paying-83m-debts-restaurants/

Edited by iansheff

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Your point is what?

 

He has £100m quid in the bank to pay these debts with?

He should foot business expenses from his personal finances?

 

He intentionally ran his own business into the ground to screw other people over?

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I think you will find that it is the normal way it works for a failing company to go into administration and declare bankruptcy and not exclusive to Jamie Oliver. 

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Its what's happened in life, people who haven't got a worried conseince don't care about consequences ,there's far to many instances to list here ,but I am sure that the attitude really does evoke annoyance within people who witness those who disappear with loads of money having lead their business "up the swanny" Anyone remember the boss of RBS? he's on a pension of £7000 a week,thats over £3 million every year for destroying a major financial institution.

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Posted (edited)
16 minutes ago, geared said:

Your point is what?

 

He has £100m quid in the bank to pay these debts with?

He should foot business expenses from his personal finances?

 

He intentionally ran his own business into the ground to screw other people over?

Why should the people who he owes money to be out of pocket when he reportedly is worth £100m thanks to his lucrative TV and book deals.

Edited by iansheff

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5 minutes ago, iansheff said:

Why should the people who he owes money to be out of pocket when he reportedly is worth £100m thanks to his lucrative TV and book deals.

Does it matter who he is - surely that sentiment should apply to everyone including the one man two man enterprises that form phoenix like companies every other year stealing thousands directly from the mouths of many members of the public.

My company is insured for such closures so we're not out of pocket and neither is the tax man (but then again we restrict our vulnerability based on the insurance) lots of companies just clamour for the money and the prestige and thats a business risk, most private individuals scammed by builders,plasterers,car dealerships don't have that saftey blanket.

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About £58m of the £80m  is owed to Oliver.

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2 hours ago, Chaddamp said:

 Anyone remember the boss of RBS? he's on a pension of £7000 a week,thats over £3 million every year for destroying a major financial institution.

DId the calendar change and we suddenly have 428 weeks in every year?

 

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2 hours ago, iansheff said:

Why should the people who he owes money to be out of pocket when he reportedly is worth £100m thanks to his lucrative TV and book deals.

im not a businessman BUT.........i believe each business is seperate? they have their own "books" so if the chain goes down, its that income strain that goes down, his other incomes are different? and cant be used to bail out the chain?

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2 hours ago, iansheff said:

Why should the people who he owes money to be out of pocket when he reportedly is worth £100m thanks to his lucrative TV and book deals.

He doesn't owe the money, his businesses do. Personal finances =/= business finances

 

Can I ask, do you have a private pension?

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18 minutes ago, bendix said:

DId the calendar change and we suddenly have 428 weeks in every year?

 

+

no but Dld you check your spelling? and then realise if he lives beyond 428 week who'll still be paying

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I feel sorry for the suppliers who he owes money to, as they will all be self employed and will lose out big time !

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