Fifteen years since the sale of MTL to Arriva

[B10B6514]

RE: Fifteen years since the sale of MTL to Arriva
Remember being told in about 1996 that MTL had put an offer in for Nottingham City Transport but the deal fell through because the Trust were not prepared to include NCT employees pro rata in the share scheme. Shame really because MTL had the opportunity of joining the big boys properly if they had naturally grown with steady expansion on the bus side of the business.

Merseyrail was not the problem for MTL but Northern Spirit was bleeding money- proven by the fact the Labour government who took it back to re-franchise split into separate units. Northern Spirit was far too big to chew and the subsidies for it were woefully inadequate.

Don't forget MTL were trying to prepare for a flotation on the Stock Exchange late 1998ish so would things be much different once outside forces came play? The outside shareholders then would have demanded a return from their money.