Near-collapse of online travel group to hit Geldof as shares suspended

FORMER Boomtown Rats frontman Bob Geldof is €1.4 million poorer after the near-collapse in a online travel company in which he is a major shareholder.

The Live Aid anti-poverty campaigner is one of the largest shareholders in World Travel Holdings, whose shares have been suspended on London's Alternative Investment Market pending last-ditch talks in the company's financial situation.

Mr Geldof holds €1.6 million shares in World Travel Holdings, which at one stage were worth over €1.45 million, but are now almost worthless at the shares were suspended at just 0.62p.