Royal Opera House Wins �2m Reprieve - - News

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Royal Opera House Wins �2m Reprieve
Date: 1 August 1997

The Royal Opera House has been rescued from insolvency by a �2m emergency loan from anonymous benefactors. The news was revealed this week during hearings before a Commons committee investigating an ROH operating deficit of �4.5m. Lord Chadlington, chairman of the ROH, said that the �2m was only a loan until 2000 and that 'day to day trading remains very precarious'.

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