Iain Morrison: Scots pro team sale hurt by facilities
I got a letter from my bank recently informing me that the interest I receive on my balance was about to drop from the less than generous 0.1 per cent per annum to the Scrooge-like 0.001 per cent. Naturally enough, I shopped around to see what else might be available and happened upon an investment opportunity from the nice folks at Murrayfield PLC. They are willing to sell me a slice of their pro team action and, with rugby's global brand growing as never before, this was an opportunity too good to miss.
For the sake of arguments let’s sweep the “fit and proper partner” bit under the carpet and proceed like I was Warren Buffett after a two bottle lunch… Warren Buffoon.
Murrayfield would prefer to keep for themselves a controlling stake in the business, which obviously excludes any investor with serious plans rather than those who just want to boast in the hospitality box.
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