Stop Press: Red Funnel Up For Sale?

The Isle of Wight Ferry company is up for sale.

News hits us this morning that WightLink’s cross Solent ferry rivals Red Funnel, are considering putting the company up for sale.

Red Funnel For SaleThe estimated asking price is £200m, some £25m less than Macquarie paid for WightLink.

Of course, Red Funnel are the original cross Solent ferry company, shipping people and cars across the waters since 1861.

Managing director, Tom Docherty said

“We’ve no changes planned in the senior management team or in our on-going commitment to provide a pre-eminent cross-Solent ferry service. It’s very much business as usual.”

We’ve heard that the if the sale does go ahead, it would not affect any of the 400 staff.

[Source]

Friday, 13th April, 2007 8:50am

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Filed under: Cowes, Travel

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1 Comment on "Stop Press: Red Funnel Up For Sale?"

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Simon Perry

I wonder if the review that the council is having on other possible ferry terminals had any bearing on their decision to sell now?