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SALE OF GLENSHEE AND GLENCOE

25 June 2004


Today is the deadline for prospective purchasors to put in offers for the troubled ski areas of Glenshee and Glencoe, which went on sale in the year. They are owned by the Glenshee Chairlift Company which then went into receivership after the sale was announced.

Glenshee
A group of 25 individuals was set up to raise funds to keep Glenshee operational over the winter, The Friends of Glenshee, but it now seems likely that it will dissolve. They wish to buy the resort and despite raising the asking price, are still looking for future funding. The Glenshee Chairlift Company Ltd, which owns both the ski centre and golf course, went into receivership on 6 May after losing an estimated £1 million since 2002 due to a series of poor winters.

Glencoe
It is probable, according to the receivers of the ski areas, that Glencoe Mountain Resort Ltd is to be the new owner as the preferred bidder. This should also save several jobs within Scotland's orginal ski area - two full time and several seasonal. A group of volunteers ran the resort when snow allowed last winter, following an announcement at the start of the season that the area was not to operate.

Late snow
Ironically, after a particularly poor winter, fresh snow was reported to be falling on Cairngorm over the weekend (21 jun) as temperature plummeted to around zero.

28 June - Update
The future of the troubled Glenshee ski centre will not be resolved until at least next week. The closing date for offers for the centre and Glenisla golf course passed at 4pm Friday, but a spokeswoman for the joint receivers, Blair Nimmo and Neil Armour, said she was unable to confirm how many bids had been received. She said it would be at least next week before the receivers announce a preferred bidder.

[Source: The Scotsman]

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