The Sefton Group’s chief executive has told the Isle of Man Examiner how the company is going to tackle its £47m debt.
The story begins on the front page of today’s newspaper. Inside he talks about the future of the Castle Mona Hotel, the Douglas landmark which has been shut for some time.
Elsewhere in the newspaper, we talk to the prison governor after last week’s story on the front page of the Manx Independent.
Some readers were astonished to learn that one prisoner was, in his own word, ‘trollied’ on drugs inside the jail.
Indeed, he said: ‘I’ve taken a lot of drugs since I’ve been in prison. I can’t say what I was doing last week.’
The prison governor tells us that it would impossible to keep the jail completely free of drugs.
The main picture on page one is of Elliot Baxter, the winner of the End to End. We also devote our popular ‘Big Picture’ to the End to End inside.
Also inside the paper, we look at traffic issues that have arisen after the opening of the school in Bemahague, Onchan, last week.
The latest proposals for the Manx Grand Prix in 2013 make the main story on page five.
Elsewhere, we were in court to hear the latest on the man who was accused of stealing £1.5m from Manx Telecom.
Further inside, we look at inflation. It’s come down slightly. Nevertheless, something that cost you £1 in 2000 would cost you £1.56 now.
Talking of rising prices, most of us are aware of the rising price of petrol and diesel. In the last month or so, a litre of unleaded has risen by 6p. However, it’s not at its peak level. Anyway, we talk to the chairman of the Office of Fair Trading about the issue.
Our two-page centre spread feature looks at water power in the island - carbon-free power generation pioneered by our forefathers.
Our business section leads with the continuing growth of the e-gaming sector. We exclusively reveal plans by two Australian companies to bring their business here.
The back page celebrates the Manx cricket success in Corfu, while inside we report on Mark Cavendish’s comment that he’d like to leave Team Sky.
The Examiner also has two competitions this week. You can win tickets to the last night of the Manx proms and tickets to see DJ A.Skillz.
The paper has all your usual favourite features including Terry Cringle, the Social Calendar, our popular crossword and three pages of letters – the best place in the island to air your views.
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Weather for Isle of Man
Wednesday 22 May 2013
Temperature: 6 C to 12 C
Wind Speed: 25 mph
Wind direction: North west
Temperature: 6 C to 10 C
Wind Speed: 33 mph
Wind direction: North west