The tabloid yesterday claimed that EUK is expected to go into liquidation within days, taking with it a reported debt to Nintendo of £21 million.
However, speaking to MCV, the boss of Nintendo UK David Yarnton stated: “The amount of debt to Nintendo is not as high as £21 million, as is being reported. The actual amount is about half. Moreover, the majority of this has been insured.
“Accordingly, even if the amount eventually becomes uncollectible, the impact to our company is small.”
It is still hoped that a buyer for Woolworths and EUK will be found. Look out for a special report on the impact of the Woolworths/EUK situation on this site soon.