New group appointed to oversee restructuring of Tralee festival.

The Rose of Tralee has appointed a new group to oversee a restructuring of the festival and avoid liquidation. The group, which includes Management Consultant Anthony O`Gara and former chairman of the Jeanie Johnston Jim Finucane, is to raise the finance needed to pay creditors the 30 per cent offered to them last month.A new board and management team is also to be appointed. The primary focus of this new group is to find the money needed to keep the 45-year festival going. Its establishment comes as pressure mounted on the existing management team to secure the future of the event.A forced liquidation would have seen other tourism interests in the town take over the festival. A Cork-based commercial lawyer is to help devise a three-year plan and according to Mr finucane, a number of key people have been approached and substantial pledges have been made. He says the festival cannot be allowed to cease because of its importance to the town. Mr Finucane described it as a tough, but necessary decision.