PEL In Trouble Says Paper

Last updated : 04 July 2006 By Covsupport

According to today's Sun, the seating company formerly owned by  City Chairman Mike McGinnity  before he handed the reins to his son is "going bust".

The article reads: "Wembley's curse has struck again with the firm responsible for the stadium's seats going bust.

Birmingham based Pel, which won a £3.5 million contract to fit 90,000 seats, is in receivership with 20,000 left to instal.

It is the latest blow for Aussie builder Multiplex which has admitted it is likely to miss the latest September finish date."

There is nothing on the group's website to confirm or deny this story