J Mark Dodds says:
06/19/2011 at 7:47 pm

Punch own the freehold and leases the pub to the guys who invest all the money in their own business, which they operate in Punch’s property. The guys take all the risk and Punch try to take all the profit. That is why pubs are failing everywhere.

By the by on that note the forfeiture hearing on my lease at The Sun and Doves is on Monday 28 June at Lambeth County Court. Not sure how long it will be but I’ll be out on my ear not long after that. Bankrupt with no job, no income, no assets, no savings, no pension and starting out again at 52 after sixteen wonderful years in Camberwell. Don’t say I didn’t tell you — no one ever believes what I tell them. All I’ve been is honsest and frank about what pubcos do to pubs — thousands of pubs are closing all over the UK, our cultural landscape is being changed forever because of these private equity scamming scumbag pubcos and everyone remains surprised when ANOTHER pub bites the dust. The tie is why the Kerfield, The Sterling Castle, Father Red Cap and, oh god, loads of other pubs round here have churned and churned tenants — most of them losing their shirt on the way. Now it’s my turn. It’s frankly amazing it’s taken so long. I thought I would be made bankrupt by the end of 2006. It will be a relief.