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Tag Archives: bankruptcy

Pressure rises on British govt over Carillion collapse

London, United Kingdom | AFP | The British government on Tuesday defended its decision not to bail out imploding construction-to-catering group Carillion, as criticism grew of its handling of the giant firm’s demise. Carillion, which has a variety of private and public service contracts in Britain and employs 43,000 staff …

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Clubs chasing Premier League dream ‘risk bankruptcy’

London, United Kingdom | AFP | English Football League clubs are risking bankruptcy by chasing promotion to the Premier League where they face “economic exhaustion” trying to compete with established sides, financial experts said on Tuesday. Between the 2008-09 and 2015-16 seasons, 19 clubs gained promotion from the Championship to the …

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