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David Julian Buchler (born 31 December 1951 in London) is a British businessman, best known as a practitioner in the field of corporate recovery and restructuring. He is closely associated with Tottenham Hotspur F.C. and the English National Opera (ENO).
Educated at Highgate School in London, David Buchler entered the accountancy profession in 1970 as an articled clerk (trainee Chartered Accountant) with Bernard Phillips & Co. When the firm merged with Arthur Andersen in 1979, Buchler transferred as a Partner and continued to build his reputation as an insolvency practitioner. In 1988, he launched Buchler Phillips with his longtime business partner Peter Phillips, undertaking several high-profile corporate recovery assignments, including the receivership of Robert Maxwell's private estate. [1] [2] Buchler Phillips was acquired in 1999 by global consulting firm Kroll Inc., [3] after which David Buchler became the new parent's chairman for Europe and Africa until 2003. During that year, he served as President of R3, the Association of Business Recovery Professionals.
In April 2008, it was reported that David Buchler was leading a private-equity backed approach to buying Kroll from its then parent, Marsh & McLennan. [4] [5] In December 2008, David Buchler entered the bid process to acquire stricken high street retailer Woolworths. [6] [7] Forming his independent business, DB Consultants, in 2005, David Buchler spent the 10 years that followed focusing on a diverse portfolio of complex restructuring and turnaround assignments with both publicly listed and private companies, often working as chairman. The most notable of these were leading the fraud investigation at Langbar International, [8] chairing sports management group CSS Stellar, and restructuring former e-security group Baltimore Technologies.
In 2009, Buchler launched a turnaround focused private equity business, Merchant Asset Partners, to raise £500m for a one-time only fund to invest in UK distressed deals. David Buchler has been Chairman of the Chinese investment group London Asia Capital since 2011 and of growth capital investor Volvere plc since 2013. [9] In January 2017, he was appointed Chairman of Puma VCT 13 PLC. Buchler Phillips was relaunched in 2015, focusing on financial restructuring, operational turnaround and corporate recovery.
David Buchler has been involved in football club restructuring since 1992 when Buchler Phillips was appointed administrator to Harrow and Wealdstone FC. [10] During the 1990s, he advised Luton Town F.C., Millwall F.C., Oxford United F.C., Swindon Town F.C. and Barnet F.C., [11] before joining the board of Tottenham Hotspur F.C. where he was vice-chairman from 2001 to 2006. [12] In 2002, David Buchler's eldest daughter, Sara, married Darren Dein, son of David Dein, the then vice-chairman of North London football rivals Arsenal F.C. [13]
A lifelong opera fan, David Buchler joined the board of the then financially troubled English National Opera in October 2006. Within months, he became Deputy chairman, a position he held for 10 years. He is presently ENO's Chairman of Directors Emeriti. In June 2017 David Buchler launched a website to chronicle his personal reviews of performances all over the world. [14]
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores follow worldwide today.
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency.
In the United Kingdom, only an authorised or licensed insolvency practitioner (IP) may be appointed in relation to formal insolvency procedures.
Kroll is a financial and risk advisory firm established in 1932 and based in New York City. In 2018, Kroll was acquired by Duff & Phelps. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022.
David Barry Dein is a British businessman, known for being a former co-owner and vice-chairman of Arsenal Football Club, and founding the Premier League.
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order.
Bill Tomlins was a British businessman who, along with a consortium, brought Luton Town FC out of administrative receivership in May 2004. The Hatters completed his full season in charge in May 2005, achieving the championship in the Coca-Cola League One. Tomlins was the chairman of LTFC until 11 April 2007 when he stood down and was succeeded by David Pinkney.
Mitchell Thomas is an English former footballer who played as a defender. While at Tottenham Hotspur he started in the 1987 FA Cup Final.
Langbar International is a limited company that was listed on the Alternative Investment Market of the London Stock Exchange as Crown Corporation Limited in 2003 and was subsequently the biggest share fraud on the AIM to date. It was investigated by the Serious Fraud Office, the City of London Police, the Accountancy Investigation and Disciplinary Board and the subject of many civil legal actions in the High Court.
The ownership of Arsenal F.C. and Arsenal W.F.C. is considerably different from that of other clubs in English football for men and women. It is owned by a parent company, Arsenal Holdings plc, which has relatively few shares which are infrequently traded. Historically, the club has been owned by descendants of the Bracewell-Smith and Hill-Wood families. The club attracted outside interest as two rival tycoons, Stan Kroenke and Alisher Usmanov, acquired significant share holdings in 2007. In August 2018, Kroenke's offer of £550 million for Usmanov's share was accepted, and Kroenke bought out the remainder of the shares to become the club's sole shareholder.
IVG Immobilien is a German real estate company headquartered in Bonn, Germany. It is a leading commercial property owner in Germany and other European countries.
Sir Kenneth Russell Cork GBE was a British accountant and insolvency expert, and the Lord Mayor of London from 1978–1979. He is best known for chairing a major review of UK insolvency law.
Uganda Telecommunications Corporation Limited (UTCL), also (UTel), is an information and communication technology network company in Uganda owned by the government of Uganda. UTel acquired the assets and some of the liabilities of the defunct Uganda Telecom Limited (UTL) which was also owned by the Ugandan government. UTL was previously in receivership which it entered after the Libyan company that owned about 69 percent shares abandoned the investment in 2017.
Begbies Traynor is a firm specialising in corporate restructuring. They were formed in 1989, expanded through mergers and organic growth and were floated in 2004. The company employs over 700 people and has over 100 offices around the United Kingdom.
FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.
Cork Gully is a financial and operational restructuring advisory firm headquartered in London. The firm specialises in business transformation, restructuring and special situations, such as the management of tail-end and/or challenged funds, as a sub-advisor or successor asset manager.
Leonard Curtis is one of the largest independent firms in the UK specialising in corporate recovery, insolvency and business restructuring.
MNP is one of the largest full-service chartered professional accountancy and business advisory firms in Canada. MNP's head office is in Calgary, Alberta, and has offices from Vancouver Island to St. John's. MNP's 128 offices span across 9 out of 13 of the provinces and territories of Canada, as it does not have locations in Prince Edward Island, Yukon, Northwest Territories, and Nunavut. With 8,000+ employees, MNP is the third largest professional service firms in Canada by headcount.
The 1998–99 season was the 113th season in the history of Luton Town F.C. It was Luton Town's 78th consecutive season in the Football League, and their 81st overall. It was their third consecutive season in the Football League Third Division.