How things have turned. At the start of this year, Greg Lawless, a former corporate financier with Davy Stockbrokers, was predicting the best year yet for Arena Group, the AIM-listed business that he leads. Months later, the company was facing one of the biggest existential crises in its 250-year history. The company is a supplier of temporary seats and hospitality structures to some of the world’s most prestigious sporting events. Business should have been brisk this year. It was set to supply stadium-style seating with a capacity for 30,000 spectators for four venues at the Tokyo Olympics, on top of…

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