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Lancashire millionaire sells Pontin's



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Published Date:
27 March 2008
A Lancashire multi-millionaire and Preston North End shareholder has sold his famous holiday camp business in a deal worth £46m.
Investment company Ocean Parcs has snapped up Pontin's from Hemway, the investment company owned by Trevor Hemmings.

It takes over the company's seven holiday villages - including the ones at Southport and Blackpool - and its head office in Eccleston near Chorley.

Executive chairman Graham Parr, a former member of the Pontin's senior management team, said he hoped the increase in people taking holidays in the UK would give the company a strong future.

He said: "This is almost like coming home for me. I know this business and many of its management well.

"I am very excited by the prospects and I am delighted to be a part of its future."

Mr Hemmings, the largest single shareholder in Preston North End, first bought Pontin's when he led a management buy-out team for the company in 1987.

He sold it to brewery firm Scottish and Newcastle two years later, leading to a major modernisation of the camps before it was sold back to Mr Hemmings in 2000.

See Friday's Lancashire Evening Post for more on this story.

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  • Last Updated: 27 March 2008 11:49 AM
  • Source: n/a
  • Location: Preston
 
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1

Collydog,

27/03/2008 12:08:57
lets hope he pumps some of this money into North end!!!
2

gareth,

27/03/2008 12:10:45
Ok Mr Hemmings all you need to do now is write a check for Mr Shaw and take over preston thats all we ask oh and some of your money to buy players lol
3

maurice matthew,

savick 27/03/2008 12:11:30
Don't you think he would have invested by now if he wanted to? Hemmings was on the board in the 1970s and has been a shareholder for a long time.
4

brigpnefan,

preston 27/03/2008 12:13:25
Dear Mr Hemmings,if you read this, please invest the money made from this deal, into an all out assault on promotion to the promise land of the premiership. If you do this, north end fans will regard you as an even greater man than you are now...
5

gareth,

27/03/2008 12:22:17
post 3 im allowed to dream
6

FredElseFlyer,

Stainland 27/03/2008 12:25:58
I suspect no wealthy person, including Trevor Hemmings, is going to invest large sums of their money in PNE whilst it is so poorly supported. Preston is a sizeable city with a long football pedigree but the club only gets gates around 11,000 - 13,000 generally. Why would anyone see this as a good investment? In the last two seasons we have even had poor gates when playing Premier League teams in the FA cup.Perhaps when we can see average gates of say 17,000 - 19,000 then some one may come in. So perhaps it is down to the people of Preston to show that PNE is important to them before we can move forward.
7

Paul,

27/03/2008 12:32:28
Yawn. How many times have we issued a plea to money bags and he done nothing about it. Get over it guys, we'll never see any of Trevors cash. Heard his son is more willing to invest but imagine this is just another pipe dream as well....
8

David C,

27/03/2008 12:38:00
Paul and co, can I take your minds back to January? Hemmings has pumped some money in with the promise of more in the summer. Its all part of a deal struck with all the Major share holders. So rather than slate the board and share holders, how about a thankyou. Big thanks from me, without it, we'd be Division 3(old) by now.
9

Old8oy,

London Fields 27/03/2008 12:40:31
He claims to be a lifelong fan, but I doubt it. Look at Jack Walker...pumped millions into Rovers for the fun of it. We'd have as many glory-hunting fans turning up if Man United and Liverpool were coming to town. So Trevor loves money...not North End.
10

Old8oy,

London Fields 27/03/2008 12:41:16
David...it was a loan, not a gift. Helped us out, sure...but I wonder what the loan terms are?
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