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...The deal follows a strategic review by the company’s board after shareholders voted last year against the fund continuing....
...That is an opportunity for the automotive sector. Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
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...They’re getting sponsors, they’re getting paid to compete in events,” said David Wallechinsky, a founding member of the International Society of Olympic Historians....
...Because of the cut to its net asset value, the board said it would need to reduce debt using the company’s free cash flow....
...The company’s board is close to announcing the result of a strategic review, which is looking at a range of options for the future of the group including a wind-down and sale of its assets....
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...The company’s board, which was revamped last year to oversee a strategic review that could lead to the sale of the group, had asked a new adviser to value a music rights portfolio that includes music by...
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