Liquidator: ASB Showgrounds owes bank almost $3m : vimarsana

Liquidator: ASB Showgrounds owes bank almost $3m


Liquidator: ASB Showgrounds owes bank almost $3m
The ASB Showgrounds in Greenlane, Auckland. (Photo / Supplied)
Liquidator: ASB Showgrounds owes bank almost $3m
Wed, 30 Jun 2021, 12:30PM
A report on ASB Showgrounds has found the Covid-19 pandemic, its impact on the event industry and growing rental costs sent the centre over the edge and into liquidation.
ASB Bank is the main creditor, owed $2.99 million. A number of other secured creditor claims are still to be investigated.
Auckland's ASB Showgrounds, one of the country's biggest venues, announced it had gone into liquidation last week.
The first liquidators report by Paul Vlasic of Rodgers Reidy also showed preferential creditors, including the Inland Revenue, are owed about $1.5m.

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