jrriddle
Well-Known Member
Originally posted by stagestar
About the future of the resort at the end of May? I think it is safe to say that the resort won't close. Not only for the high stake the French state has in it (through several state-owned banks) but also because TWDC would have to stand in for some of hundreds of millions of credit lines faltering, which would have a negative impact on any credits TWDC might look for for future projects. Not ot mention the huge damage to the image of Disney in Europe.
Right now there seem to be two lines of thought: either the company is saved (by lending banks, TWDC and other sources pumpin new money in and maybe foregoing rights for repayment on some of the old loanes) or the company is sent into bancrupcy to clean the slate, with the operation being handed over to a new company right away honoring reservations / tickets etc. bought from / made with the prior company, thus creating no difference for the guests. In the latter case all the fans who invested in the company would loose all the money, but this for sure is of no concern for Michael Eisner.
Yours
Dirk
Hey Dirk,
I have a feeling that the second option will take place with the WDC taking over the place.
What's your feelings?