Wrightbus

[gilesbus1]

RE: Wrightbus
According to the Wright's family, and BBC Northern Ireland there are still negotiations ongoing despite the company being placed into administration, the rent issue was one issue as Jeff Wright who owns the factory wants £1m a year just in rent which seems extortionate when the factory could probably just be bought for around £15m. Obviously they want to retain ownership so if the company does go under they can mothball it until the market around Ballymena picks up and then sell the factory site for housing or other industrial units.

Also surprisingly the administration does not effect Nu-Track which is registered seperately and will continue to manufacturer buses under Wright family ownership, perhaps this is a company, which if Wrightbus is completely closed can be used to reintroduce the range when market conditions return.

Separately, and something I do not condone, is that the Wright family have received death threats over the course of the weekend.