The Royal Opera House will be forced to call in receivers within 10 days if it can't find another £3m. Although the ROH is the most heavily subsidised arts institutions in the country - receiving £15m of taxpayers money annually and a £78m lottery grant - it will owe £7.7m by the end of the financial year. ROH Chairman Lord Chadlington told a committee of MPs yesterday that the situation was dire but that “we have a small opportunity to get through it.” The House is now desperately searching for private benefactors to save it from insolvency. The news comes just one day after the Government's announcement of plans to shoehorn the Royal Opera and Royal Ballet into one building with its rival English National Opera. The ROH main board has one week to come up with the cash and a viable plan to see it through the remaining 20 months on tour while its Covent Garden home is being redeveloped. Next Wednesday, 12 November, the Arts Council will meet to consider the House's future.
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