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To subscribe to Leisure Opportunities, log on to email: tel +44 (0)1462 471913 fax +44 (0)1462 433909. Annual subscription rates are UK £31, Europe £41, Rest of world £62, students UK £16. Leisure Opportunities is published fortnightly by The Leisure Media Company Limited, Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ, UK and is dis- tributed in the USA by SPP, 75 Aberdeen Road, Emigsville, PA 17318-0437. Periodicals postage paid @ Manchester, PA POSTMASTER Send US address changes to Leisure Opportunities, c/o PO Box 437,Emigsville, PA 17318-0437. The views expressed in print are those of the author and do not necessarily represent those of the publish- er The Leisure Media Company Limited. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmit- ted in any form or by means, electronic, mechanical, photocopying, recorded or otherwise without the prior permission of the copyright holder. Printed by Warners Midland plc.

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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.

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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-

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