Save The Red Lion Campaign Patrons

  • Sidbury Community Enterprises' community share offer launched to buy the Red Lion
  • Save The Red Lion Campaign Patrons - Rt Hon Hugo Swire MP & The Reverend Susie Williams
  • Campaign's company - Sidbury Community Enterprises - has made an offer to buy the Red Lion
  • East Devon District Council has listed the Red Lion pub as an Asset of Community Value - a significant Campaign milestone

Friday, 28 March 2014

Red Lion's Real Asking Price

Whilst it’s great to once again get good coverage in today’s Sidmouth Herald (page 11) of Sidbury Community Enterprises’ attempts to purchase the Red Lion, unfortunately it grossly inflated the asking price that Punch Taverns had placed on the pub!

To set the record straight Punch Taverns were asking £295,000 and not £790,000 for the Red Lion. As the forthcoming share offer prospectus will show, the agreed sale price is significantly below the real asking price and way below the Sidmouth Herald’s reported price!

If the asking price for the Red Lion had been £790,000 as erroneously reported then the Campaign to retain it would never have got off the ground!