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©The Leisure Media Company Limited 2010 ISSN 0952/8210
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Bristol leisure complex plans progress
Local council confirms funding now in place for £27m Hengrove PFI development
By Pete Hayman
Plans for a new £27m leisure centre in Bristol have taken a step forward after the local authority confirmed that funding was now in place for the scheme. Bristol City Council (BCC) and
Bristol Active Limited (BAL) now expect to start work on Hengrove Leisure Centre this summer – delivered through a private finance initiative (PFI). Facilities are set to include a
ten-lane, 50m swimming pool with adjustable floor; a learner pool with adjustable floor and a 150-station fitness suite with free weights area. A spa area – featuring a hot
tub, a sauna and steamroom; a four-court sports hall; an aerobics studio; changing facilities; a crèche and a café
The centre will boast a 50m swimming pool and 150-station gym
are also earmarked as part of the Hengrove development. Parkwood Leisure will run
the facility on behalf of BAL as part of a 25-year agreement, while Kier Western has been appointed to deliver the LA Architects-designed centre. A BCC spokesperson said:
"The announcement means that
another key milestone to deliver the city's and region's most exciting and prestigious new swimming pool and leisure complex has been reached." Initial works to provide road
access and utilities for the complex – due for completion in February 2012 – have already been carried out.
Administrator reveals Portsmouth's £119m debt
By Pete Hayman
Portsmouth Football Club's (PFC) administrator has revealed that the troubled Premier League club currently owes nearly £120m – far more than was previously thought. PFC, which has been
relegated to the Coca-Cola Championship, entered administration in February with estimated debts of £70m and facing the prospect of being wound up due to unpaid tax. However, Andrew Andron-
ikou of accountants UHY Hacker Young has now laid bare the full extent of the club's problems, with more than £38m owed to previous owners alone. HM Revenue and Customs
(HMRC), which brought the winding-up petition against the
ikou also reveals that previous owner Balram Chainrai is owed £14m, while an additional £14m owed by other clubs will go straight to institutions that advanced cash to PFC. Andronikou aims to lift the
The club's debts are greater that was previously thought
club, is owed £17.1m; a number of agents and scouts are owed nearly £9.8m; and unpaid transfer fees total £17.3m. Meanwhile, £1.86m is owed
to players – some of whom have left PFC; outstanding image right payments amount to £3m, while trade creditors are owed £4.4m.
Read Leisure Opportunities online
www.leisureopportunities.com/digital
club out of administration by June and hopes to secure a Company Voluntary Arrange- ment; an offer for which will be made at a meeting of creditors on 6 May. Elsewhere, Southend United
Football Club is reported to have fended off a winding up petition after settling an unpaid tax bill with HMRC. US-based investment group
Club 9 Sports is poised to invest in Sheffield Wednesday Football Club (SWFC) after
"structuring" a deal with the Coca-Cola Championship club.
© Cybertrek 2010
A letter published by Andron-
IMAGE BEN HARDINGE/FLICKR
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