Raglan Road bankruptcy?

[Quin]

Raglan Road has a location in Kansas City and they have filed for Chapter 11 bankruptcy. Anyone heard if this will affect the DTD location as well?

 

[redzinner]

Haven't heard anything about this at the Florida location. I'll ask around, not that it means I'll get straight answers.

 

[OhThePain]

With such different locations, I'd be surprised if KC affected DTD. I would tend to doubt that the KC location gets/got nearly the amount of traffic that the DTD location gets. The few times I have been there it's always been crowded. I don't have any "inside information" or anything like that, just logically speaking it would make sence to think of the 2 different locations as 2 completely seperate entities. I wouldn't think there is anything to worry about.

 

[wacowgirl]

Here's what I found at this website (http://www.bizjournals.com/kansascity/news/2011/08/31/raglan-road-operator-files-bankruptcy.html):

The operator of Raglan Road, a pub in the Kansas City Power & Light District .. , has filed for bankruptcy.

Great Irish Pubs KC Inc., sought Chapter 11 protection from creditors on Tuesday.

The initial bankruptcy pleading shows that the restaurant owner has $8.8 million in liabilities and $2.1 million in assets.

Its primary creditor is Anglo Irish Bank Corp., a bank in Dublin, Ireland, for a $5 million loan dated Sept. 6, 2007.

Great Irish Pubs Florida Inc., the operator of a similar concept in Winter Park, Fla., is listed as a creditor for a $3.3 million claim on a revolving promissory note dated Oct. 1, 2010.

The Kansas City Power & Light District is the next-biggest creditor with a $378,629 claim for unpaid rent.

The pub operator was sued in Jackson County Circuit Court on June 2 by the Power & Light District, which is owned by Baltimore-based The Cordish Co .. . The suit, which is pending, seeks eviction.

A hearing scheduled for Wednesday was canceled, presumably in light of Tuesday’s bankruptcy filing.
~~~~~~~~~

Found the DTD one:

Raglan Road is owned and operated by Great Irish Pubs Florida, Inc., the Irish-owned company that previously created Nine Fine Irishmen at the New York-New York Hotel & Casino in Las Vegas.

 

[Quin]

Hmmm. So the KC location owes the WDW location $3.3 million? Again, is this a problem if the KC location can't/doesn't pay?

 

[redzinner]

P&L District’s Raglan Road files for bankruptcy protection

Read more: http://www.kansascity.com/2011/08/31/3112557/pl-districts-raglan-road-files.html#ixzz1XBJpPND1

I'm not versed in bankruptcy matters but I don't see how this would be a problem for the Florida Raglan Rd. They are separate legal business entities.

Why don't you contact Raglan Road and ask them directly Quin?

 

[pad406]

Hmmm. So the KC location owes the WDW location $3.3 million? Again, is this a problem if the KC location can't/doesn't pay?

I can think of 3,300,000 reasons why it's a problem.

Anyway, as Anglo Irish Bank is now owned by me (and 4m other Irish people, http://en.wikipedia.org/wiki/Anglo_Irish_Bank), I make it they owe me $0.82