The Anti-Celebrity Worship Story Saves 12 Companies 200 Jobs


April 1, 2013

wayne-rooney1One of our common themes is writing about bankers who succumb to celebrity worship and grant loans they have no business making.

Today we turn the tables and offer this piece about three prominent English athletes who have become small business bankers.

Manchester United’s Wayne Rooney is said to earn £230,000 a week. (That’s about $350,000 US.)

He has been joined by another English star footballer and a star cricketer to form a £2.5 million venture that is chartered to lend to small businesses shut out by their banks.

The fund has lent money to 12 companies and save about 200 jobs. Industries range from printing firms, a petrol forecourt business (yeah, I had to Google that to learn it’s a gas station,) an interior design company and a luxury motorhome business.

Read More