An old friend returns with the news that the current incarnation of Cre8 is in dispute with Celtic and Rangers over unpaid royalties. The story is on the Grauniad’s site
A previous version of the company slipped away last year, leaving an interesting – and substantial – selection of unpaid debts, but managing to move lucrative contracts across to the new entity before going into voluntary liquidation. Fortunate eh? As they say on their website:
At Cre8 … we throw away the rule books and Cre8 our own.
09/11/10 More news on the rather suspcious Cre8 here
Cre8, the publisher of various football magazines including Arsenal, Tottenham, Celtic, Rangers and QPR has gone into voluntary liquidation.
The situation is a little uncertain, but seems linked to the company’s recent involvement with a hotel in Peterborough. The fact that it’s a voluntary liquidation raises the possibility of a phoenix operation with some of the more profitable assets being bought and reborn by the owners. (more…)