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Alf McCreary speaks to chairman Professor George Bain to reveal the backdrop to the financial crisis facing the Ulster Orchestra.

The players will have to find other jobs, the administration will be wound down and the Ulster Orchestra – the jewel in the Northern Ireland arts scene for nearly 50 years – will be no more.

The prospect is unthinkable for thousands of music-lovers from all backgrounds in Northern Ireland, including its tough-talking chairman, Professor George Bain, who has a record of turning round institutions needing help.

He is credited with doing a good job of improving Queen's University Belfast as vice-chancellor and also of saving the business school of Warwick University and also the London Business School.

He told the Belfast Telegraph: "I have been talking to dozens of politicians and councillors on all sides to try to save the Ulster Orchestra and I hope that I will also be successful this time." Keep reading on the Belfast Telegraph