Topic: If only

[Sangria]

From The Independent, dated 15 September 1998.

"With Manchester United, we now have a real, live fantasy takeover bid. Salomon Smith Barney, the investment bank, has announced through the columns of the Sunday Telegraph that it might counter BSkyB, whether on its own behalf or that of a client is not made clear.

The man heading Salomon's approach is Christian Purslow, an upstart corporate financier who came to prominence last year for an utterly shambolic and ultimately fruitless attempt to float Formula One. So is his client Bernie Ecclestone? Apparently not. Who then? Not saying, comes the riposte, but the bid will be debt financed.

Oh really? Any rival would have to pay a minimum pounds 650m, this for a company with minimal earnings. No one in their right mind would attempt leverage in such circumstances."

http://www.independent.co.uk/news/business/outlook-fantasy-football-1198320.html

Christian Purslow managing a leveraged buyout of Man Utd.

[IndianaRed]

haha they'd be in league 1 by now

[Spongebob Redpants]

Pity he wasn't successfull .

[vitri]

Two things stand out. Regarding Purslow's activities:

utterly shambolic and ultimately fruitless

And an interesting view on leverage, before it came to be a prominent method in football:

Any rival would have to pay a minimum pounds 650m, this for a company with minimal earnings. No one in their right mind would attempt leverage in such circumstances."

[Golden_Child]

Youre a Liverpool fan Cecil? Are you really? Nope, you're a c*nt

[drpepe]

The man heading Salomon's approach is Christian Purslow, an upstart corporate financier who came to prominence last year for an utterly shambolic and ultimately fruitless attempt to float Formula One.

i'd never heard of his involvement in that... shoulda known...