A councillor in Eastbourne has lifted the lid on the extreme financial pressures that Eastbourne Buses was under in recent years.
The sale of Eastbourne Buses to Perth-based Stagecoach was concluded earlier this month. The group paid £3.7m for the business, trumping the only other offer from Go Ahead.
Speaking to the local press, Eastbourne Borough Council deputy leader Troy Tester revealed that the business came close to collapse in April 2007 when the company didn't have enough cash...
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