Tote Deal Facing Collapse As Brown Opposes the Role of Private Equity

Evening Standard - London › April 20, 2007

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Summary

THE Pounds 400 million sale of the Tote was on the brink of collapse today amid mounting tensions in Whitehall and the racing industry.

Gordon Brown opposes the proposed sale of the famous stateowned bookie to a racing industry consortium because of the involvement of private-equity firm Lloyds Development Capital, something likely to inflame antiprivate equity unions and left-wing Labour MPs.

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Extract

Tote Deal Facing Collapse As Brown Opposes the Role of Private Equity

A meeting between the Department for Culture, Media...

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