Blog: Dean BestUS food industry exec next to invest in English football

Dean Best | 9 November 2010

Food industry entrepreneur invests in English football team. No, not Indian poultry giant Venky's agreeing to buy top-flight side Blackburn Rovers. We had that a couple of weeks ago. This time, the investment comes from the US and the beneficiary is a little-known team in the north east.

US billionaire Robert Rich - said to be among the world's 500 richest men - has invested in amateur outfit Bedlington Terriers, a team eight leagues below the Premier League where US businessmen from Randy Lerner to John W. Henry have snapped up sides.

Rich, chairman of desserts-to-barbecue meats supplier Rich Products Corp., is to ship a GBP30,000 electronic scoreboard to the Terriers' ground. He has also become a shirt sponsor and put an undisclosed amount of cash into the club, according to reports.

The 69-year-old, said to be worth around US$2bn, became interested in the Terriers when his wife bought him the title of Lord of Bedlington.

"I haven't made any promises. Having said that, I would love to see them do well and let them challenge me to increase our participation," Rich, who owns three US baseball teams, told north-east newspaper The Journal.

"I want to help Bedlington Terriers. I'm still learning about British football, and I understand that if they do well on the field it can move up in divisions. If this is the dream the community has, I want to help. I don't want to become an owner – I just want to help."


BLOG

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

BLOG

US trade body GMA loses another high-profile member

Just months after Campbell Soup Co. decided to leave The Grocery Manufacturers Association, the US lobby group is to see another major member leave....

just-food homepage



Forgot your password?