Jon Adgemis seeks extension as debt troubles deepen and bankruptcy threat looms

·

Former KPMG dealmaker turned Sydney pub baron Jon Adgemis is seeking another extension on a $1 million repayment to former staff and property managers, having only partially met his latest deadline.

According to The Australian, Adgemis has paid just $400,000 of the $1 million promised under a debt rescue deal, with a further $6.7 million due in September.

A spokesperson confirmed he is “currently in the process of agreeing to a short extension for the balance” with administrators BDO.

The repayment deal is part of a broader rescue package for Public Hospitality, Adgemis’ once-sprawling empire of 20+ pubs and venues across Sydney and Melbourne.

Despite ongoing renovations to five key sites, lenders have imposed strict oversight via McGrathNicol, controlling cashflow and requiring approval for all spending.

Meanwhile, The Australian Financial Review reports that Adgemis faces a separate $26 million bankruptcy claim from Monaco-based Richard Gazal, after losing a key court battle.

A bankruptcy petition was filed this week, and a dispute with La Trobe Financial could see Adgemis and his family evicted from a multimillion-dollar home in Rose Bay.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Kezilas family donates historic baptism record to Greek Orthodox Archdiocese of Australia

His Grace Bishop Bartholomew of Brisbane has received the first recorded Baptism Certificate issued in Australia, dating back to 1924.

Bishop Elpidios joins interfaith gathering at WA Parliament

His Grace Bishop Elpidios of Perth attended a special interfaith morning tea held at the Western Australian Parliament on Monday, 20 October.

Honouring the past through young eyes: Students bring OXI Day spirit to life through art

In this year’s special OXI Day edition, The Greek Herald was proud to showcase some of our favourite artworks from the competition.

Over 7,000 patrons attend 2025 Melbourne Greek Film Festival as encore sessions are announced

Over 7,000 patrons attended a session of the 2025 Greek Film Festival, the 30th festival celebrating Greek cinema and film.

Federal Multicultural Minister honours Greek Australians on OXI Day 2025

Federal Minister for Multicultural Affairs, Anne Aly MP, has paid tribute to the courage and unity of the Greek people on OXI Day.

You May Also Like

Weekend wrap up: What you missed for Team Hellas at the Olympics

As we enter day 10 of the Paris Olympics, Team Hellas has made some exciting progress in the 2024 tournament.

Greece joins US-led coalition to counter Yemen rebel attacks in Red Sea

Greece is set to deploy a warship to bolster a naval coalition led by the United States in the Red Sea, joining the fight on Yemen's Houthis.

Program released for Semaphore Greek Festival 2025: A weekend of Greek culture and festivities

The Semaphore Greek Festival 2025 is just around the corner, set to take place on January 18 and 19 at Semaphore Foreshore, South Australia.