Celebrity chef George Calombaris might be at the helm of a new restaurant at Sydney’s Oxford Tavern as soon as Christmas under a plan by lenders to take over more of embattled publican Jon Adgemis’ assets.

Ben Madsen’s Archibald Capital is attempting to raise $28 million in capital for a new hospitality fund to help purchase the pub – owned by Mr Madsen himself – and as well as five other venues previously run by Mr Adgemis’ Public Hospitality Group. Mr Adgemis’ name is not mentioned on the information memorandum advertising the capital raise, and he is not expected to be involved in the new group.