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  KK DOWNING'S ASTBURY ESTATE GOES INTO ADMINISTRATION
11th October 2017



kk downing

Former Judas Priest guitarist KK Downing's 320-acre Astbury estate which he was transforming into a luxury golf resort capable of hosting the Open Championship has gone into administration.

British broadsheet The Times are reporting that Astbury was immediately put up for sale with an asking price of more than £10million.

Administrators from FRP Advisory blamed "tougher economic times within the wider corporate hospitality market", which had put "unsustainable pressure on the cashflow of the estate under its current financial structure".

kk downing

FRP said that it had been appointed to handle the administration of four companies who collectively own and operate the historic stately home, golf course and hospitality business. The four companies are Astbury Estates, Astbury Hall, Astbury Development Company and Ken Downing Limited.

According to Alastair Massey, joint administrator and an FRP partner, the estate near Bridgnorth would continue to run as normal pending a sale of the business, including Astbury Hall.

This news comes a year-and-a-half after KK bought out his Birmingham based partners. His vision for the the estate included forty holiday homes, a hotel, spa and another nine-hole golf course.

KK told The Shropshire Star:

"We have had a fantastic season; things were going really well. We had plans for an hotel that we were doing really well with. Obviously there was a necessity for a funding element.

"The company took out a short term mezzanine fund in early August to take us through to March. This was essentially to bring in professional architects and a team from London. Everything was in place as far as we were concerned.

"Unfortuntley about six weeks into the loan we were served a short-term notice about breaches.

"We are at the moment looking to re-finance that loan. We were taken aback that the funder was not more flexible with us as partners.

"Obviously the Astbury is an extremely valuable asset and we have to be cautious and careful. We are on the case.

"This isn't anything to do with owing money. We are still open for business and are operating."





WACKEN WINTER NIGHTS IS HEAVY METAL WONDERLAND

wacken

Wacken Winter Nights 2018 takes place between February 23rd and 25th 2018 and the great news is that you can now experience a full-on, top class German Metal Festival easily and affordably.

It only takes an hour to fly to Hamburg from London and we've had longer journeys than that within the capital and they were certainly more expensive than the £33 air ticket that just appeared in our 'flights to Wacken Winter Nights' search.

wacken

Wacken Winter Nights is organised by the same team who are responsible for the world's greatest Metal festival, Wacken-Open-Air and the 2018 bill includes Skyclad, Orphaned Land, Elvenking, Finntroll, Grave Digger, Aeverium, Comes Vagantes, Coppelius, Corvus Corax, Die Pressgëng, Elvellon, Heimataerde, Hell-O-Matic, Ignis Fatuu, Ingrimm, Irdorath, Johnny Deathshadow, Krayenzeit, Letzte Instanz, Mr Hurley und die Pulveraffen, Pampatut, Pat Razket, Schandmaul, Sündenrausch, The Aberlour's, The Moon And The Nightspirit, Torfrock, Visions Of Atlantis, Vroudenspil, Wind Rose and more.



Besides this rich billing of superb Metal bands, there is so much more to see in the festival area including the medieval market and also the walking acts and jugglers you will meet at the theme worlds, including Robert Blake, three-time World Cup winner of street magic.

Wacken Winter Nights is something not to be missed and you can check out the amazing ticket and accommodation prices right here.

We just priced up the whole four day trip with hotels, flights, shuttles and festival tickets for less than £300 and we don't think you will get a better value festival than that, anywhere.

wacken

MetalTalk recently sat down with Wacken founder and owner Thomas Jensen and that interview will be online next week and it's a fascinating insight into how Wacken originated from nothing to become the world's premiere Heavy Metal event.

wacken

Wacken 2018 takes place from 2nd to 4th August 20218 and as with Wacken Winter Nights, if you have never experienced all it has to offer, then you owe it to yourself to remedy that.

Already announced for Wacken 2018 are Judas Priest, Nightwish, Running Wild (exclusive), Arch Enemy, Dirkschneider, Doro (Special Anniversary Show), In Extremo, Sepultura, Amorphis, Amaranthe, Firewind, W.A.R., Belphegor, Mantar, Knorkator, Deserted Fear, Watain, Night Demon, Epica, Knorkator, Belphegor, Firewind, Deserted Fear and many more and we'll have more Wacken 2018 announcements during December.

As well as being the greatest Heavy Metal festival in the world, it is without a doubt the Mecca of Metal and the one thing that every single person who loves our music should have on their bucket list.

For 2018, MetalTalk have joined forces with Wacken-Open-Air to help you get to Wacken easily and inexpensively and you can peruse the ticket and travel options right here.

If you are interested in going to Wacken 2018 and have questions, please fill out the form below and we will contact you with answers to all your enquiries. You are under no obligation whatsoever by filling this form out. We won't add you to any mailing lists or send you loads of spam - all we will do is help you get to Wacken as easily and inexpensively as possible.

WACKEN 2018 TRAVEL PACKAGE ENQUIRY

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