Sep 6, 2026 – 10.41amBankrupt Jon Adgemis will play no role in the running of eight pubs that were once part of his collapsed Public Hospitality business, according to the new operator of the properties who says his long-term friendship with Adgemis was not a factor in the deals.Tom Wallace is a significant player in the long and complex unravelling of Adgemis’ pubs empire, which at its height held 22 venues around Sydney before the former investment banker declared bankruptcy almost a year ago owing $1.8 billion.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘No role’ for bankrupt Adgemis as old mate takes over pubs
Fund manager Tom Wallace has become a major player in the work-out of Jon Adgemis’ former pubs empire. He will soon have control of eight former Adgemis venues.
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