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15 May 13
21:27
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30 May 05
Interesting article in the latest Private Eye, No. 1340
"Successful racehorse owner Marwan Koukash emerged earlier this year as the rescuer of Salford Reds rugby league club. He acquired control of the club as it was threatened with winding up by the taxman.
Koukash, a Palestinian from Kuwait who has lived in Britain for many years, was described as a millionaire businessmanon the back of his training business EuroMaTech, which has operations in Liverpool and the United Arab Emirates. However, other ventures have been less succesful.
El Layla Properties and Layla Hotels Liverpool collapsed in January and March last year. The property company was owned by Koukash and his wife Amanda. El Layla owned a site in St Helens that cost £500,000 in 2006, was bought with a £392,000 mortgage from the C-Operative bank but was valued last year at just £250,000 and received a bid of just £10,000. (No doubt typical o the bad loans that threatened the Co-Op bank's future.) Creditors are owed £1.4m.
Layla Hotel Liverpool was a proposed prestige project subject to prolonged delays but is no operating as a Hilton hotel. Koukash transferred his 50% to the company Iliad Koukash in 2011. Iliad reportedly sold out to Dubai investors. The hotel company listed no assets and a deficiency for creditors of £292,000.
Koukash is also a director and shareholder of the Oxford Management Centre, which is being threatened with striking off due to the failure to file any accounts since 2011.
No doubt the prospects for Salford Reds will be much brighter."
"Successful racehorse owner Marwan Koukash emerged earlier this year as the rescuer of Salford Reds rugby league club. He acquired control of the club as it was threatened with winding up by the taxman.
Koukash, a Palestinian from Kuwait who has lived in Britain for many years, was described as a millionaire businessmanon the back of his training business EuroMaTech, which has operations in Liverpool and the United Arab Emirates. However, other ventures have been less succesful.
El Layla Properties and Layla Hotels Liverpool collapsed in January and March last year. The property company was owned by Koukash and his wife Amanda. El Layla owned a site in St Helens that cost £500,000 in 2006, was bought with a £392,000 mortgage from the C-Operative bank but was valued last year at just £250,000 and received a bid of just £10,000. (No doubt typical o the bad loans that threatened the Co-Op bank's future.) Creditors are owed £1.4m.
Layla Hotel Liverpool was a proposed prestige project subject to prolonged delays but is no operating as a Hilton hotel. Koukash transferred his 50% to the company Iliad Koukash in 2011. Iliad reportedly sold out to Dubai investors. The hotel company listed no assets and a deficiency for creditors of £292,000.
Koukash is also a director and shareholder of the Oxford Management Centre, which is being threatened with striking off due to the failure to file any accounts since 2011.
No doubt the prospects for Salford Reds will be much brighter."
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Replies: 52
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I really really hope that I am wrong about him, but it just does seem too good to be true. Remember Terry Ramsden and others.
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None of that surprises me tbh,only a matter of time before it all goes t i t s up imo
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I bet there are a few trainers whose bums are beginning to twitch.
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butox you mean
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not just because of this article though miprix.. !!
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Given the number of trainers he has got through, the itchy bu.ms are now outnumbered by the shaft3d.
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like so many other paper multi millionaires, one minute they are worth 100 + million next minute they don't have enough for the gas bill. Duncan Bannatyne looks like he'll be the next dragon to end up skint
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As keynes the economics guru once said
“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” |
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Its all fekkin Kaka and Wawa if you ask me
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The only "really" rich people are those with proper bloodstock investments who sell to the idiots at hugely inflated prices
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Surely not another Allen Stanford?
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Gabrial's Potless
Gabrial the Shyster |
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marwan nocash?
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http://companycheck.co.uk/director/911756333
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doesnt seem very much to me, any business man with any degree of success will encounter bad investments and the liverpool thing looks just that a bad investment the oxford thing has no detail at all he could be a non-exec
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That has cheered me up no end.
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Shock Horror. Major racehorse owner could be a bit dodgy
 Has this ever been known before  |
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Director Summary
Marwan Koukash holds 4 current appointment, has resigned from 0 companies and held appointments at 2 dissolved companies. Marwan began their first appointment at the age of 47 and their longest current appointment spans 6 years and 5 months at EL LAYLA PROPERTIES LIMITED. The combined cash at bank value for all of Marwan's current businesses is £264,740, with a combined assets value of £273,881 and liabilities of £835,010. Roles associated with Marwan Koukash within the recorded businesses include: Company Director , No Function  |
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amazing all the bad minded people and begrudgers on here.the man gives a lot to charity and his hobby is owning racehorses,just like rich ricci.people seem to have a problem with success.i say fair dues marwan and fcuk the begrudgers!
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I am of course not saying Koukash is a crook,but if a drug-dealer say gave 10% of his profits to charity would that make him an OK guy ?
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salmon I know a convicted drug pedlar who gave a lot more than 10% of his profits to
jockeys when he got convicted he still got 25 years. |
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he may end up as the new bernie maydorff but this is feck all really but mud slinging
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bernie maydorff and schnorbitz?
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Slim Pickens. The Capitalists' Friend
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slim, it would not be unique for a big owner to hit bad times, in my time in racing there
has been dozens, however I cast no aspersions on Dr Koukash. |
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no just a life long reader of the eye, they do get rather a lot wrong and can be used to start rumours, they can be on occasion a bit snobby believe it or not as well
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Whatever the doctors financial circumstances are ,who knows ?. But when you look at the calibre of people who train and worse again ride for him,then he will be doing remarkably well to be able to survive them.
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Hislop a snob. Shirley not
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salmon, Hislop is a child of the the well heeled, guaranteed an ex public schoolboy probably
Wellington or Marlborough. |
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Yes I was being ironic. He's certainly a Public schoolboy. I think he is funny and has a certain integrity though.
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Thank God for that. Thought you were talking about Lydia.
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lydia is infinitely more likable, the saucy sexpott, hislop seems to have integrity, he couldbe being used this story is 2 years old gents, think if the doc was skint we wud have heards about it, antway going skint is no crime
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salmon, I also like Hislop his documentaries re the 1st World War I thought were outstandingly good.
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I like her on Have I Got Lays For You with Mellish.
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Private Eye Lift Dodgy Story http://order-order.com/2013/05/15/private-eye-lift-dodgy-story/
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As Larry Grayson said "To be skint is no crime , to look skint is unforgivable "
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Marwan Koukash holds 4 current appointment, has resigned from 0 companies and held appointments at 2 dissolved companies. Marwan began their first appointment at the age of 47 and their longest current appointment spans 6 years and 5 months at EL LAYLA PROPERTIES LIMITED.
The combined cash at bank value for all of Marwan's current businesses is £264,740, with a combined assets value of £273,881 and liabilities of £835,010. Roles associated with Marwan Koukash within the recorded businesses include: Company Director , No Function Company Name Company Status Appointed Resigned OXFORD MANAGEMENT CENTRE LIMITED Active 12/06/2009 - LAYLA HOTEL LIVERPOOL LIMITED In Liquidation 07/02/2007 - EL LAYLA PROPERTIES LIMITED In Liquidation 27/11/2006 - EL LAYLA PROPERTIES LIMITED In Liquidation 27/11/2006 - BRITANNIA MANAGEMENT TRAINING LIMITED Dissolved 12/11/2008 - BRITANNIA MANAGEMENT TRAINING LIMITED Dissolved 12/11/2008 - |
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i dont think the company he sold was registered her, the rules were changed when the likes of berizoski et all were given the keys to london, he seems a well mannered man with a comely wife and some more than comely daughters
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