![]() ![]() ![]() Now I drive a 13-year-old Mercedes Coupe that has done over 100,000 miles." I had a car and a driver but I no longer have that. "I am now earning a fraction of what I was earning before. The collapse in May had affected his lifestyle, he said. He said the deal was entered into so that he could raise money to pay them back. In his first interview since the beer company went into administration and was then swiftly bought back by him, his associates and his new partner, Molson Coors, the peer said he would personally apologise to unsecured creditors. The Cobra Beer founder, Lord Bilimoria, criticised for using a "pre-pack" deal to buy a stake in his firm after its collapse, has spoken out against claims he abandoned creditors with debts of £71m and promised to repay them some of the cash.
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