Sunday, 21 September 2014
Last updated 2 days 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.