Foxtons taken over by banks

This is almost like a foreclosure for this ailing and failing firm. but it has good and bad elements. 

Bad - it gives these clowns additional life support.  They may be around for a while longer and landlords, tenants and buyers and sellers who use them will continue to suffer.

Good - Foxtons management now loses managerial control of the firm.  This will likely mean big changes in how they do business as the current model is of course unsustainable to any business (dodgy contracts and incompetent people, awful reputation and exposure to all kinds of legal risks).  The current model has lead them to lose heaps of money and into this debt problem.     It will take time for these changes to take root but you better believe that the pressure gets more not less intense for how they do business.

...because of the restructuring that lies ahead.  Good riddance.  They need to get some real professionals in there if the firm is to survive.

lets just hope they all crawl back under the rock they came from. Only issue is when all the staff lose their jobs other estate agents will be recruiting them thus spreading their infectious didease.

diseased with money!