Liverpool Chairman Martin Broughton will team up with his son to invest in sports after leaving his post upon the sale of the 18-time English champion. One place they won’t be putting their money is in soccer clubs.
Liverpool’s board agreed to sell England’s most successful soccer club to John W. Henry ’s Boston Red Sox holding company over the objections of owners Tom Hicks and George Gillett , who vowed to resist an offer they said is too low.
Liverpool Chairman Martin Broughton will step down from his role at the soccer club after a transition period for its new owners and will become chairman of Sports Investment Partners, Sky News City Editor Mark Kleinman reported in a blog on Sky’s website, without attribution.
Sports Investment Partners, the private equity firm owned by Martin Broughton that is bidding to buy state-owned bookmaker, the Tote, has raised the value of its offer to the U.K. Treasury by 2 million pounds and the overall value of the bid by a “a substantially larger sum,” Sky News reported , citing an unidentified person close to the process.
British Airways Chairman Martin Broughton said “one-size-fits-all” airport security checks aren’t “sensible” and called for checks to differentiate between types of passengers with the introduction of “security light” lanes for trusted, frequent travelers, the Financial Times reported, citing a speech given by Broughton to the Chartered Institute of Logistics and Transport in London.