TWO SEALED bids have been lodged for the Irish Postnewspaper which was put into liquidation yesterday by Cork-based Thomas Crosbie Holdings, a creditors meeting in London has been told, while a third investor is displaying interest.
The meeting at the Sheraton Skyline Hotel at Heathrow airport was told that most of the money owed by the London-based newspaper, which has served the Irish in Britain for 40 years, is owed to TCH.
The liquidation is being handled by Alison Burnside of FPM Insolvency. Fourteen days have been given to those interested in the title. Besides the two sealed bids already received, it is understood that a third party is interested.
The decision of TCH to close the Irish Postin August with no notice angered many in the Irish community in Britain, who believe the Cork publisher should have approached possible buyers before stopping publication.
Seventy MPs in the House of Commons have signed a motion expressing concern about the newspaper, saying it played a key role in representing the opinions of the Irish community in Britain.
Former staff of the Irish Postdisagree with circulation figures given by TCH, which says it was selling 17,000 copies. Staff insist sales were 3,000 higher and that the potential for extra sales exists because of the rise in emigration.
Those interested in saving the paper can express their interest to savetheirishpost@hotmail.co.uk
