Page 3, 10th July 1992

10th July 1992
Page 3
Page 3, 10th July 1992 — Tycoon in pledge to the Church

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Organisations: Catholic Church
Locations: Santon, Liverpool


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Tycoon in pledge to the Church

A RETIRED supermarket tycoon has pledged to give half his £250 million fortune to the Church when he dies.

The offer by Albert Gubay, who helped launch the Kwik Save supermarket chain in the early 1960s, would be the answer to the prayers of the many dioceses in England and Wales currently struggling with debt.

Mr Gubay, whose mother was Catholic, is likely to leave the money to the archdiocese of Liverpool.

Although not a practising Catholic himself, the 64-year-old retired businessman has already supported various church projects.

Mr Gubay, who lives in the village of Santon, near Douglas on the Isle of Man, donated funds towards the building of St Anthony's church at Onchan on the island, four years ago.

Parish priest Canon Eugene Hopkins called the donation "very generous," but knew nothing of Mr Gubay's latest offer.

The flourishing Kwik Save company was founded by Mr Gubay in 1962 in Prestatyn, Clwyd. The chain now has more than 760 branches across the country and last year generated profits of £101 million.

Last week the Catholic Herald reported that more than a third of dioceses faced debts or large loan repayments. Mr Gubay's bequest would wipe out the debt of the Catholic Church in England and Wales.

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