Panthera Finance administrators force out twin founders after they fell out: report

Already a subscriber?The founders of debt collections and high-interest lending group Panthera Finance were forced out of the company by administrators after they fell out over the operations of the Brookfield-backed business.

It is the second local company backed by Brookfield that has been struck by debt woes, with Healthscope, Australia’s second-largest privately owned hospital group,Panthera’s operating businesses are not in administration, and documents lodged with the Australian Securities and Investments Commission show deep dissatisfaction with governance and tensions at a board level led to PwC’s appointment.

Minutes of a creditors’ meeting, held earlier this month and filed with ASIC on Friday, show Jamie and Mathew Hough were replaced on the board of the company and its operating businesses after PwC’s appointment as administrators last month. In separate Federal Court filings, the administrators said the two brothers were “engaged in long standing and significant disputes with each other, and accordingly, were unable to effectively, efficiently and properly govern those companies’ affairs”.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Panthera Finance: This must be one of the worst ways of making a returnThere’s a dollar to be made loaning to people with “impaired credit” while running a debt collection firm. Just ask Brookfield, which is all over Panthera Finance..
Fuente: FinancialReview - 🏆 2. / 90 Leer más »

Debt collection giant Panthera puts large parts of its business into administrationA Guardian Australia investigation has revealed Panthera had circumvented blacklisting designed to stop it operating in Victoria
Fuente: GuardianAus - 🏆 1. / 98 Leer más »

Sydney Luna Park: Canadian owner Brookfield puts Sydney theme park on the market for $70mCanadian property giant Brookfield is stepping off the ride at the famed harbourside attraction and is ready to hand the fun times over to a new owner.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »

Kenya's President William Ruto withdraws finance bill after deadly riots across the countryPresident William Ruto says he will not sign the finance bill that would have seen taxes hiked across the country.
Fuente: abcnews - 🏆 5. / 83 Leer más »

Kenya protests: Ruto pulling the finance bill is unlikely to satisfy angry young protestersKenyans, particularly young ones, are fed up with rising prices as well as being ignored, of corruption and of the conspicuous consumption of politicians.
Fuente: _TCglobal - 🏆 4. / 83 Leer más »

Kenyan President William Ruto withdraws controversial finance bill following violent protestsEscalating protests turned deadly when security forces fired teargas and live ammunition at protesters.
Fuente: 9NewsAUS - 🏆 10. / 72 Leer más »