Telegrammed by The Archer
National Express seem very confident that their other franchises aren't at risk, under the Cross Default provisions.
Is this the same confidence that was exhibited when they signed the East Coast franchise all those years ago?
Perhaps time to return to the wise words of one Richard Bowker, as recorded by the The Daily Telegraph on 15th August 2007...
"We have had a very simple bidding philosophy,'' said Mr Bowker. ''We will not bid at levels we think are unsustainable or undeliverable - there's no point in being a hero for a day and a villain forever more afterwards."
Perhaps they have taken on new advisors?
