Wednesday, 17 December 2014
Last updated 4 hours ago
Jan 14 2008 | 4:08pm ET
Another hedge fund is set to buy a piece of the beautiful game, as Burbank, Calif.-based Shamrock Holdings is reportedly close to a deal with troubled British team Derby County Football Club.
Derby Chairman Adam Pearson, who bought a majority stake in the Rams in September, has said he would seek a cash infusion for the club, which is facing relegation from Britain’s top-flight Premier League at the end of the season. The team is firmly in last place, with just one win against 17 losses and four draws.
Shamrock Holdings is led by Roy Disney—Walt Disney’s nephew.
Should a deal go through, it would be the second in a month involving a hedge fund. Last month, London-based Sisu Capital reached an agreement to buy Coventry City Football Club, after the hedge fund’s talks with Southampton Football Club stalled.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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