BA Chairman Plans Sports Industry Fund, Sunday Telegraph Says
British Airways Chairman Martin Broughton is planning to raise as much as 300 million pounds ($491 million) for a sports-industry takeover fund, the Sunday Telegraph reported, without saying were it got the information.
The fund, in the form of a so-called special-purpose acquisition company, would be created through Broughton’s Sports Investments Partners, a private venture he runs with his son Michael and a former partner at Deloitte Touche Tohmatsu, John Connolly, the newspaper said. The venture has been approached by “a number of banks” about the fund, according to the report.
To contact the reporter on this story: Erik Larson in London at elarson4@bloomberg.net
To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net
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