ECSG

AcronymDefinition
ECSGElectronic Commerce Steering Group (Asia-Pacific Economic Cooperation)
ECSGEuropean Cooperative Study Group (medical study)
ECSGExecutive Committee Study Group (IEEE)
ECSGExecutive Consultant Select Group (Alliance for Children and Families)
ECSGEuropean Community Study Group (diagnostic medicine)
ECSGElectronic Commerce Study Group
References in periodicals archive ?
If that is the case, other creditors of ECSG are unlikely to see any return, and the prospect of Great Leighs ever returning as a racecourse has almost certainly disappeared beyond recall.
Pointing out that the sale of ECSG involved a new company, Great Leighs Holdings Ltd, Holmes said: "I'm dealing with the day-to-day issues, and my concern is to deliver a clean title for the racecourse, which will satisfy the funders, the new shareholders, the BHA and the racing industry.
Attempts to find a buyer for the allweather track's operating company have been hampered by conditions attached to leases of vital areas of the site, including the stabling and access, which were held by ECSG founder and Great Leighs chairman John Holmes or his associates.
Chambers, a friend of ECSG founder John Holmes, was believed to be in talks to buy the group's assets for pounds 10 million, but Deloitte stated: "The joint administrators have confirmed today that the proposed sale of Great Leighs racecourse to Terry Chambers will not be concluded, following Mr Chambers' withdrawal from the process.
Chambers, a friend of Holmes, is believed to be buying the assets of ECSG for pounds 10m.
Siddle said: "There has to be a stakeholder approach, involving the BHA, RBS, ourselves as administrator, creditors of ECSG Ltd, purchaser, racing operator and the racing public in general.
However, the Racing Post understands that proposals to restructure ECSG have been advanced this week, and a package of refinancing that would be acceptable to creditors is close to being finalised.
Great Leighs founder and ECSG director John Holmes, along with his family and business associates, have been key to the administrators' attempt to get other racecourse groups and individual companies involved.
Having paid one tranche of pounds 360,000, ECSG remains pounds 1.
It is understood that ECSG has a pounds 20m mortgage with RBS, as well as a pounds 5m overdraft facility, which has swelled the total of the company's debts to more than pounds 30m.
The racecourse stables, a right of way across the course leading to a house that Holmes built, and an area where a seven-furlong chute is to be constructed are on or affect land that does not belong to ECSG, and have charges against them relating to a number of people.