LondonNet News Headlines
07/09/00
Doubt Cast Over Dome Sale
- "We haven't signed anything yet," say Nomura

THE LONG-TERM future of the Dome was thrown into doubt today, after prospective buyers Nomura threatened to pull out in the wake of the latest funding fiasco.

Nomura's worries stem from yesterday's news that the Dome has been injected with a UKP47 million bail out after execs announced it was in severe financial difficulties.

A statement from Nomura, a Japanese banking house, read: "We are surprised and amazed by these figures because we don't understand them. It is yet to be explained to us why additional funding is needed." Nomura, due to take control of the Dome at the end of the year, have now called for urgent talks. "We haven't signed anything yet," Nomura added.

The Dome's latest crisis, which has resulted in the sacking of NMEC chairman David Quarmby, has also brought pressure on the minister responsible for the project, Lord Falconer, to resign. Falconer admitted mistakes had been made but said, "I have done my best to deliver the goal that the project was set out to achieve."

The grant is the fourth that the Dome has received this year, bringing its total in lottery hand-outs to a staggering UKP628 million.



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