Television company duped banks for loans worth £280m, say administrators
Arena Television, which worked on the Euro 2020 tournament, closed abruptly in November and the bosses are yet to be located
A collapsed broadcaster that worked on the Euro 2020 football tournament and Glastonbury duped banks into lending it £280m for assets that did not exist, administrators have estimated.
Arena Television, which provided outside broadcast trucks to clients including the BBC, ITV and Sky, folded in November after a serial number it provided for a piece of equipment was queried and found to be fake.
The company’s bosses, Richard Yeowart and Robert Hopkinson, disappeared soon after and have yet to be located.
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https://www.telegraph.co.uk/business...dministrators/