Euro Disney boss mum on question of bankruptcy

PARIS — Euro Disney SCA chairman Philippe Bourguignon refused to say whether Euro Disney had considered filing for bankruptcy.

Asked in an interview in the upcoming issue of Time magazine if Euro Disney might file bankruptcy, Bourguignon declined comment.

However, he confirmed that parent Walt Disney would only “financially support the project until the spring — and not beyond.”

A Euro Disney spokesman contacted by Reuters declined to comment on the Time interview.

Bourguignon, asked by Time what would happen after spring 1994, said, “A number of scenarios, depending on our cash situation. We can clearly meet our operating expenses, but not the financial charges.”

The article didn’t detail any of those possible scenarios.

Asked what he was trying to change about the amusement park, Bourguignon said , “The first thing is to give the park its own personality. What we must do is give this park its identity, so people feel they are visiting an original and not a copy. It will not be American, or French, or German — it is Euro Disney.”

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