Industry figures have questioned the likelihood of any realistic offer being made for Network Data, after the firm announced it was looking to sell the business.
The network has been dogged by controversy in recent months, with a series of the network's appointed representatives (ARs) claiming that they had not been paid owed commissions for a number of months. Network Data continually denied it had a funding problem, blaming the delays in payments on technical issues and human error, and claiming all issues would be resolved once the sale of its Botley Mansion headquarters went through. However, in a statement to the London Stock Exchange, Network Data confirmed the proposed sale had fallen through, and stated its plan to sell the network pro...
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