Wednesday, 25 November 2015
Last updated 1 hour ago
Dec 11 2007 | 9:39am ET
London-based hedge fund Sisu Capital is almost a sure thing to buy British soccer team Coventry City Football Club, according to the Sky Blues’ chairman.
Joe Elliott told thisishampshire.net that the roughly £45 million (US$91.7 million) deal with Sisu is “virtually a done deal.” Elliott said he broke the news to Coventry’s other suitor—Greek billionaire Alki David—yesterday, and that he has “not heard any more from him.”
Coventry needs a cash infusion by Friday, or the team will enter administration.
Sisu have turned their sights to the Sky Blues after their bid for another soccer team, Southampton Football Club, stalled. The hedge fund revealed plans to take a 55% stake in the Saints last month, but Sisu has yet to meet with a the team’s three largest shareholders. Still, Southampton’s executive directors say Sisu’s £40 billion (US$81.5 million) offer is the only one on the table.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…