Cheap sell off of West Midlands Travel 1991
Stagecoach offered £85 million to buy West Midlands Travel in 1991. However as Phil said he didn’t want to sell WMT, so it was sold to the workers for just £60 million; some years later it was resold for a much higher full market value price to National Express who still own this very profitable bus company.
Duration : 0:2:31
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Comments
So what about the …
So what about the god awful Metrobuses and Lynx`s? do they not constitute as scrap?
Stagecoach would …
Stagecoach would have slaughtered TWM took away all the modern buses and left us with scrap buses from Scotland or somewhere else,like has happened eveywhere they have taken over.
Phil got a job with …
Phil got a job with West Midlands Travel not necessarily as a reward of some sort but so that the company could benefit from his political knowledge and experience, I think the role he got with WMT was in public relations.
i wander how much …
i wander how much of a back hander did phil bateman get???
probably not but …
probably not but the buses would be a lot cleaner, got on service 11 in coventry about 8 in the morning to go to the city centre, i got off the buss and the back of my trousers were filthy plus the floor was a mess the driver has thrown a used ticket roll on the floor
I think though if …
I think though if Stagecoach had it, bus fares wouldnt be so cheap!
shame stagecoach …
shame stagecoach didnt get ahold of WMT, it would have been a better than the crap service than it is now
Go Phil! you saved …
Go Phil! you saved us from the crap buses of stagecoach!
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