Guest Esquilax Posted June 26, 2009 Report Share Posted June 26, 2009 Was gonna post this in the MJ topic, but its unrelated but related at the same time.The O2 can barely hold itself up as it is, and these shows were the saving grace.They employed thousands of people in the area for these shows, in anticipation, and now they will lose billionsJob cuts, closing down, i dont even think the place will be open by the end of the year.I feel for the people working there still, especially in this economic climate Quote Link to comment Share on other sites More sharing options...
FreeMason Posted June 26, 2009 Report Share Posted June 26, 2009 who gives Quote Link to comment Share on other sites More sharing options...
JOHN DOE Posted June 26, 2009 Report Share Posted June 26, 2009 source?or are you trying to be logical Quote Link to comment Share on other sites More sharing options...
Wale Posted June 26, 2009 Report Share Posted June 26, 2009 Damn (Jeezy voice) Quote Link to comment Share on other sites More sharing options...
Guest Esquilax Posted June 26, 2009 Report Share Posted June 26, 2009 logici know pierre heads who were employed cuz of thiso2 was struggling anyway like i said Quote Link to comment Share on other sites More sharing options...
carpedeum Posted June 26, 2009 Report Share Posted June 26, 2009 silly statement. they will lose some money, but they also have insurance for things like this. as huge as MJ was, he wasnt needed to like save them or anything from bankruptcy. he was just going to stamp them as the best entertainment venue in the world right now. they wont close down. infact the insurance payout for this sort of sad situation, should not have any problems whatsoever. Quote Link to comment Share on other sites More sharing options...
Guest Esquilax Posted June 26, 2009 Report Share Posted June 26, 2009 like i said, they are already strugglingrefunds will have to be suppliedthe thing about the recession is that people dont want to pop out to the o2 cuz they havent got the fundsthis sort of event, especially with the monolithic amount of dates attatched to it, would hvae helped it Quote Link to comment Share on other sites More sharing options...
Mr. Martinez Posted June 26, 2009 Report Share Posted June 26, 2009 got it majorly twisted famif anything surviing this recession tingits live entertainment ie concertso2 is bless Quote Link to comment Share on other sites More sharing options...
FinalBawse Posted June 26, 2009 Report Share Posted June 26, 2009 Billions you say? Quote Link to comment Share on other sites More sharing options...
Guest Esquilax Posted June 26, 2009 Report Share Posted June 26, 2009 Dome doom: Talks over sale of O2 Arena collapseBy Simon EvansSunday, 21 June 2009Plans to sell London's Millennium Dome where plunged into disarray when Middle Eastern investors pulled out of talks to buy the venue at the 11th hour.It's believed that the unnamed bidder quit the race to buy the 99-year lease on the 02 Arena over concerns about the lease structure. A source close to the process said: "The structure means the amount of money anyone can make out of it is capped. It needs a re-think."The sale of the lease by Meridian Delta Dome Limited, a joint venture between Quintain Estates and Lend Lease, is expected to fetch the pair more than £30m.Savills and Michael Elliot are the property agents running the sale of the Dome.why do they want to get rid of it so badly then? looks to me like they want to flog it to some arabs at the highest price before it plummets tbh Quote Link to comment Share on other sites More sharing options...
Creamy Posted June 26, 2009 Report Share Posted June 26, 2009 they should turn it into the truman showwith a dubplate drama slant on things Quote Link to comment Share on other sites More sharing options...
carpedeum Posted June 26, 2009 Report Share Posted June 26, 2009 its weird, but the lease on 02 arena is completely separate from the dome sale. whoever buys the dome isnt gonna make much money from the 02 arena that AEG have ownership of. it doesnt make sense but thats the situation. Quote Link to comment Share on other sites More sharing options...
Guest Tulse Hill Posted June 26, 2009 Report Share Posted June 26, 2009 whats the difference between michael jackson and sir alex ferguson Quote Link to comment Share on other sites More sharing options...
Guest Flat Ericó Posted June 26, 2009 Report Share Posted June 26, 2009 They aint jellybone they knew he wasnt gonna live forever. they probably had some sort of plan incase did this happenplyr Quote Link to comment Share on other sites More sharing options...
Roy Batty Posted June 26, 2009 Report Share Posted June 26, 2009 [email protected] they don't have insurance. Quote Link to comment Share on other sites More sharing options...
Guest Triple XXX Posted June 26, 2009 Report Share Posted June 26, 2009 theres bare lil o2 venues i dint even knolike the o2 hammersmith, i think the brixton one is called o2maybe they bit off more than they can chew Quote Link to comment Share on other sites More sharing options...
Guest faze . Posted June 26, 2009 Report Share Posted June 26, 2009 theres bare lil o2 venues i dint even knolike the o2 hammersmith, i think the brixton one is called o2maybe they bit off more than they can chewits only a sponsorship, they were all carling academy before. Quote Link to comment Share on other sites More sharing options...
mr_r Posted June 26, 2009 Report Share Posted June 26, 2009 silly statement. they will lose some money, but they also have insurance for things like this. as huge as MJ was, he wasnt needed to like save them or anything from bankruptcy. he was just going to stamp them as the best entertainment venue in the world right now. they wont close down. infact the insurance payout for this sort of sad situation, should not have any problems whatsoever.from the statement i heard on radio....if you was in a certain seating area you are covererd under the insurance to get a full refund... the rest of the people dont get jack. Quote Link to comment Share on other sites More sharing options...
streets. Posted June 26, 2009 Report Share Posted June 26, 2009 got it majorly twisted famo2 is bless Quote Link to comment Share on other sites More sharing options...
Guest Tibbius Posted June 26, 2009 Report Share Posted June 26, 2009 LOL @ EsquillaxYou got this twisted in a way.They have a £300m liabilty, but they'll no doubt have insurance, it was Michael Jackson. Quote Link to comment Share on other sites More sharing options...
misst Posted June 26, 2009 Report Share Posted June 26, 2009 got it majorly twisted famo2 is blessThis. Quote Link to comment Share on other sites More sharing options...
mary Posted June 26, 2009 Report Share Posted June 26, 2009 had a interview today for a job at o2 today, hope i get it lol. Quote Link to comment Share on other sites More sharing options...
Guest TimeBomb Posted June 26, 2009 Report Share Posted June 26, 2009 its owned by AEG though, they own stuff like basketball and ice hockey teams in the states, they wont go bankrupt. Quote Link to comment Share on other sites More sharing options...
Guest Esquilax Posted June 26, 2009 Report Share Posted June 26, 2009 bare people i know have already been given the elbowfrom a workers POV this is badperhaps not the venue in itself, but alot of people have been let go/ irregular work timetable Quote Link to comment Share on other sites More sharing options...
Fresh Posted June 26, 2009 Report Share Posted June 26, 2009 It will cost them more through the unanticipated administration of refunds and queries. Also there are the dates and organising time that would have gone into something else. instead they have a block of unoccupied dates. Quote Link to comment Share on other sites More sharing options...
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