HOPES are rising that a management buyout of the Glenshee ski resort will succeed when offers are considered next week, following yesterday's closing date.
The Glenshee Chairlift Company, which also owned the Glencoe ski operation, was put up for sale in February, having lost (pounds) 1m in the past two years after a series of poor skiing seasons. In May, the company called in receivers Blair Nimmo and Neil Armour of KPMG Corporate Recovery.
At the start of the month, two Glasgow businessmen, Neil Tait and David Campbell, were named as the preferred bidders for the Glencoe operation. They have already announced plans to turn the ski centre into an all-year outdoor pursuits resort.
It had been assumed that the Friends of Glenshee, a group of more than 20 people, businessmen and staff past and present, would enjoy similar success in Glenshee. But earlier this week it emerged that some members of the group were launching a management buyout.
It is understood that this bid is being led by Stuart Davidson and Graham McCabe, respectively accountant and general manager of the Glenshee Chairlift Company. Neither could be contacted yesterday. At least three other staff members are thought to be involved.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article