http://www.thesun.co.uk/sol/homepage/ne ... -axed.html
It’s... Poortacus
KIDS' favourite LazyTown is facing financial meltdown - with its Icelandic bosses owing Ł15MILLION.
The crisis could see the BBC children's show, featuring fitness-mad character Sportacus, axed.
Bondholders are taking legal action to retrieve the vast sum, which may lead to the bankruptcy of LazyTown Entertainment.
The TV series was a surprise hit when it launched in 2004 and is now screened in 100 countries. It encourages kids to eat well and do more exercise.
A case over the debts is due in court in Iceland next month.
Executives at LazyTown - including gymnastics champ Magnus Scheving, who stars as Sportacus - have held crisis talks to save the company.
Mr Scheving, 45, insisted most bondholders had agreed to loans being repaid in "the next few years"
It’s... Poortacus
KIDS' favourite LazyTown is facing financial meltdown - with its Icelandic bosses owing Ł15MILLION.
The crisis could see the BBC children's show, featuring fitness-mad character Sportacus, axed.
Bondholders are taking legal action to retrieve the vast sum, which may lead to the bankruptcy of LazyTown Entertainment.
The TV series was a surprise hit when it launched in 2004 and is now screened in 100 countries. It encourages kids to eat well and do more exercise.
A case over the debts is due in court in Iceland next month.
Executives at LazyTown - including gymnastics champ Magnus Scheving, who stars as Sportacus - have held crisis talks to save the company.
Mr Scheving, 45, insisted most bondholders had agreed to loans being repaid in "the next few years"
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