Michael Wekerle
Michael Wekerle is a Canadian entrepreneur and television personality, best known as a former star on the reality show 'Dragons' Den.' He gained prominence in the business world as a trader on Bay Street and later made headlines for purchasing the iconic El Mocambo music venue in Toronto in 2014 for $3.8 million. Despite investing over $30 million in renovations to revitalize the historic club, Wekerle has faced significant financial challenges, including a recent court filing from a lender seeking receivership due to defaulted loans totaling nearly $88 million across several companies he controls.
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Recent news mentions
Michael Wekerle is a former owner of the El Mocambo club who defaulted on significant debt.
Judge approves sale of Toronto’s El Mocambo, which is expected to remain a music club
Canada· 2025-08-06
Toronto’s El Mocambo is up for sale after its owner, former Dragon’s Den star Michael Wekerle, defaulted on $55.6-million in debt.
Which Canadian stock is still going strong as markets slump? Take our business and investing news quiz for the week ending April 11Canada· 2025-04-11
Michael Wekerle is the owner of the El Mocambo music venue who defaulted on $55.6-million in debt.
Toronto’s iconic El Mocambo music venue up for saleCanada· 2025-04-08
Michael Wekerle is the owner of the iconic Toronto music venue The El Mocambo and a former star of Dragons' Den.
Toronto’s El Mocambo to keep lights on for now under court-appointed monitorCanada· 2025-03-27
Michael Wekerle is the owner of the iconic Toronto music venue The El Mocambo and a former star of Dragons' Den.
Lender wants to put Toronto’s El Mocambo music club into receivership over defaulted loansCanada· 2025-02-09
