Todd English refinancing restaurant empire to pay off debts

Written By Unknown on Rabu, 01 Mei 2013 | 23.14

Celebrity chef Todd English is reportedly refinancing his culinary empire in order to make back payments to the state's Department of Revenue and a company that operates Faneuil Hall for his embattled Kingfish Hall restaurant, which closed last year.

Todd English Enterprises Chief Financial Officer Ron Chorney reportedly requested more time to sell the restaurant's liquor license at a Boston Licensing Board meeting held yesterday.

Chorney told the board the company has paid $24,000 out of nearly $215,000 in back taxes demanded by the Department of Revenue, adding refinancing would free up more cash to pay the remainder and settle claims from Quincy Market for back rent.

English's attorney, Dennis Quilty, said another restaurant that had sought English's license backed out of the deal over concerns the state or landlord would try to gain control of the license to pay off their debts.

The board votes tomorrow on English's request. A spokesman for English's company could not be immediately reached for comment.


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