Me too, I've done an article on Bloom's wealth in the 'proper writings' section of NSC. He doesn't keep his assets here in the UK, so doesn't appear on the radar much.
It 'could' be the case, but highly unlikely in a lending environment that is extremely cautious post the 2008 meltdown. Anyone lending to Bloom asks two key questions. (a) Can he repay? (b) If he fails to repay, what security would we get?
I can't see lenders doing (a) personally as no one...
He suggested that we are subject to highly leveraged debt such as Manchester United, who paid interest at 14.75%-16.75% on the deal.
If we apply that to the Albion and the £200m investment by Bloom, that comes out at an annual interest charge of £29.5-£33.5 million, or, to put it another way...
Alan Sugar lost a fortune in a number of businesses, he has effectively made his money from property, not buying and selling, where his record is very patchy.
Err.........No. First of all there is no debt or interest being paid (if you look at the books).
Secondly, no PE house would stick money into a business that continually loses money, has huge downside risk (no guarantee of being promoted, and no guarantee of staying up even if do get to the...