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Wrightbus in administration

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Comments

  • Registered Users, Registered Users 2 Posts: 8,922 ✭✭✭GM228



    Newer Tweet saying it's not over that an offer is on the table and being considered....

    https://twitter.com/JP_Biz/status/1182227509909348353?s=19


  • Registered Users, Registered Users 2 Posts: 35,482 ✭✭✭✭Hotblack Desiato


    No deal is better than a bad deal... :rolleyes:

    Scrap the cap!



  • Moderators, Motoring & Transport Moderators Posts: 11,686 Mod ✭✭✭✭devnull


    Latest comments from Jeff Wright mean it's likely to be liquidation, he's said that they can't reach a deal and he considers some of the land 'farmland' that cannot be considered as the same site as the factory.


  • Registered Users, Registered Users 2 Posts: 8,533 ✭✭✭dublinman1990


    BBC News NI is reporting that Jeff Wright had rejected the offer from Jo Bramford & asked for a new offer with a significantly higher amount of money involved. Does anyone know how much money was asked for from Wright to Bramford?


  • Registered Users, Registered Users 2 Posts: 35,482 ✭✭✭✭Hotblack Desiato


    Clear as anything they don't care about the workers as long as the Wright family is quids in

    Scrap the cap!



  • Moderators, Category Moderators, Music Moderators, Politics Moderators, Society & Culture Moderators Posts: 22,360 CMod ✭✭✭✭Dravokivich


    Clear as anything they don't care about the workers as long as the Wright family is quids in

    No doubt considering where the money has gone.


  • Registered Users, Registered Users 2 Posts: 15,640 ✭✭✭✭The Cush


    Does anyone know how much money was asked for from Wright to Bramford?

    £18m according to this tweet

    https://twitter.com/ExWrightEmploye/status/1181991663935397891

    An additional £1.5m according to a post on - https://www.facebook.com/loveballymena
    Love Ballymena
    5 hrs

    George Brash speaks from Unite the Union, Northern Ireland vigil for jobs outside #Wrightbus factory gates. A deal was apparently stalled over demand for additional £1.5 million this morning.


  • Registered Users, Registered Users 2 Posts: 15,640 ✭✭✭✭The Cush




  • Moderators, Motoring & Transport Moderators Posts: 11,686 Mod ✭✭✭✭devnull


    It's worth noting that the longtime CEO and Chariman of Wrightbus, Mark Nodder stepped down in April and after that Jeff Wright took over the leadership reigns of the company.

    Nodder is a current board member of Invest NI who also donated money to Wrightbus itself, by the way and apparently Invest NI knew that some of it might be used for the church.


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  • Registered Users, Registered Users 2 Posts: 35,482 ✭✭✭✭Hotblack Desiato


    The whole thing is dodgy as fûck.

    Scrap the cap!



  • Posts: 0 [Deleted User]


    https://www.bbc.co.uk/news/uk-northern-ireland-50013959

    A deal has been done of some type.


  • Registered Users, Registered Users 2 Posts: 24,644 ✭✭✭✭punisher5112



    Very interesting so they have all sorts going on with splitting property, land and say machinery etc under different companies and so on....

    Doesn't surprise me but obviously others see there is money to be made.

    Wonder will there be a cull and wage decrease if it goes through.

    They obviously see there will still be a market even with Brexit.


  • Posts: 0 [Deleted User]


    Land gifted to the local council. So why was he looking for more money for it yesterday.

    Can he get it back in a few years?


  • Registered Users, Registered Users 2 Posts: 24,644 ✭✭✭✭punisher5112


    Land gifted to the local council. So why was he looking for more money for it yesterday.

    Can he get it back in a few years?

    The whole set up is bizarre especially when you bring his personal church into the mix....

    Either way if it sells and he gets nothing or it folds they themselves have put enough money aside to be extremely comfortable for the rest of their lives and children's and so on.


  • Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    bk wrote: »
    Actually now that I think of it, will this hand AlexanderDennis the Hybrid contract?

    Another reason why Wrightbus is even less attractive now: they didn't win this one: https://www.alexander-dennis.com/media/news/2019/october/alexander-dennis-awarded-180-enviro500-double-deck-bus-order-from-hong-kong-operator-kmb/

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • Moderators, Category Moderators, Music Moderators, Politics Moderators, Society & Culture Moderators Posts: 22,360 CMod ✭✭✭✭Dravokivich


    galwaytt wrote: »

    To be fair, reading the blurb it seems ADL have an ongoing partnership with the operator there.


  • Registered Users, Registered Users 2 Posts: 1,588 ✭✭✭john boye


    BBC spotlight this Tuesday night is about what went on at Wrightbus.


  • Registered Users, Registered Users 2 Posts: 5,337 ✭✭✭dowlingm


    john boye wrote: »
    BBC spotlight this Tuesday night is about what went on at Wrightbus.
    Should be on Panorama across the UK given where a big chunk of the public money that “Invest NI” spends comes from...


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  • Registered Users, Registered Users 2 Posts: 3,057 ✭✭✭Vic_08


    dowlingm wrote: »
    Should be on Panorama across the UK given where a big chunk of the public money that “Invest NI” spends comes from...

    English news is national news, regional news is regional. BBC are excellent at keeping anything to do with NI out of the national consciousness.


  • Moderators, Sports Moderators Posts: 15,693 Mod ✭✭✭✭dfx-


    Vic_08 wrote: »
    English news is national news, regional news is regional. BBC are excellent at keeping anything to do with NI out of the national consciousness.

    That would be because NI is out of the national consciousness. See them learning about the DUP in the last government. A lot of well educated people over here could not tell you the first thing about the place.


  • Registered Users, Registered Users 2 Posts: 3,057 ✭✭✭Vic_08


    dfx- wrote: »
    That would be because NI is out of the national consciousness. See them learning about the DUP in the last government. A lot of well educated people over here could not tell you the first thing about the place.

    And my point is that is partly because it is treated as "other" by the likes of the BBC.

    For example; to quote the Radio Times "A landmark film... which records the circumstances of every death in the troubles..." Shown at 9pm Sunday on BBC1 NI. not shown at all in other UK regions.


  • Registered Users, Registered Users 2 Posts: 8,533 ✭✭✭dublinman1990


    I have missed about 10 minutes so far. Anything good coming from it to date?


  • Registered Users, Registered Users 2 Posts: 8,533 ✭✭✭dublinman1990


    I assume here that the public funding here to Jeff Wright is not reported yet since today? Or am I wrong.


  • Registered Users, Registered Users 2 Posts: 8,533 ✭✭✭dublinman1990


    Ah FFS. The programme has a fault now.


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  • Registered Users, Registered Users 2 Posts: 8,533 ✭✭✭dublinman1990


    That one painting the body work in light blue & dark blue. Was that painted for Dublin Bus?


  • Registered Users, Registered Users 2 Posts: 24,644 ✭✭✭✭punisher5112


    Missed it, was it any good?


  • Moderators, Motoring & Transport Moderators Posts: 11,686 Mod ✭✭✭✭devnull


    Having watched the programme, you get the impression that funding the Church was by far his biggest priority.

    When WrightBus was losing money and in serious trouble towards the end according to the programme, there were still donations being made to fund the Church when the money was really needed to prop the company up.

    Cornerstone, the Parent of Wrights, was charging Wright a management fee of £1.3m up to 2017 and in the last little while before it really went belly up, there was a share buyback by them for £1m, taking further money out of the business, along with a donation that the program claimed was £1.35m.

    There was also talk of Jeff Wright acting as a shadow director, according to the program.

    It's up on iPlayer if anyone has access to it:
    https://www.bbc.co.uk/iplayer/episode/m000c76v/spotlight-the-wrightbus-story


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