I think Peter H might be a shareholder ;)

He's right though...I'm a shareholder too, and it would be odd if we heard nothing. That said, there are so many shareholders they aren't going to tell the ones that don't matter (ie us!) until the deal is done anyway.

I hope nothing too dramatic happens as I've just booked my first trip there for next June!

If you have enough shares, make sure you've joined the shareholders club to get your discount card and access to Salon Mickey, the shareholders lounge - enjoy your first trip :)

If the debt keeps on rising, there are two options: a) close the doors or b) have the creditors take a hit on what they will receive, i.e. Write off some of the debt. If DLP closes, the creditors get nothing, so it would be in their interest to at least discuss the situation with Disney. Who is on the Board for DLP? Major creditors may want more of a say as to how it is run in order to try to make inroads into the debt.

Very true. Of course, these are not binary options either. They could decide to do both. Who remembers when Eurodisney first opened, and the park was closed Mondays and Tuesdays? They could do something similar whilst at the same time restructuring the debt. Oh well, less than 12 hours to find out what's really happening (probably an announcement of a new cupcake).

Something needs to be done. It does make no sense to be so busy and so in debt but there it is. Interestingly the website for DLP now looks very like the WDW one. Could be just unifying the look or could it be that WDC are planning a buyout who knows.

Press release
http://translate.google.com/translat...uro-Disney.pdf

Debt restructure :

LONDON (Reuters) - Euro Disney said on Monday it had agreed a 1 billion euro funding deal backed by its largest shareholder, the Walt Disney Co , which includes a share sale and a debt restructuring, to allow it to invest in the business.
Euro Disney, based in an eastern suburb of Paris, is 40 percent owned by parent Walt Disney and 10 percent by the Saudi prince Al-Waleed bin Talal bin Abdulaziz al Saud.
The plan includes a rights issue of 420 million euros open to all shareholders and backed by Walt Disney. The company said the move would improve the cash position of Euro Disney by about 250 million euros.
In addition, about 600 million euros of the group's debt owed to Walt Disney will be converted into equity, while credit lines extended to Euro Disney by its parent will also be consolidated

So basically wda have cut the debt, existing debt reatructured and hopefully a profit can be made.

I didn't understand a word of that!

Nor me!