Walt Disney Corporation last night denied reports that the troubled
Euro Disney leisure park might have to close.
A suggestion that the complex near Paris might shut sent Euro Disney
shares plunging and they closed down 50p at 685p.
Euro Disney executives are alleged to have held crisis talks with the
parent company, Walt Disney, over the future of the beleaguered leisure
park.
Options include an injection of new funds, a rights issue or even
potential closure, according to the Sunday Times.
However, the Walt Disney company last night denied holding crisis
talks and dismissed speculation that Euro Disney might close.
Company spokesman Duncan Wardle said it intended building the second
phase of the complex, although he admitted that plans for more rides and
extra attractions had been delayed.
Mr Wardle added: ''Financing is now our major problem. We must also
listen to what our guests are telling us and that is what we are
doing.''
Euro Disney, which opened in April 1992, is expected to report a loss
this year of #200m. Initially it attracted about 600,000 British
visitors, but that figure had tumbled by 50% this spring.
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