AS a follower of Preston North End since childhood, Alastair Walmsley, the London Stock Exchange’s newish head of primary markets, could be forgiven for not being too displeased that Manchester United chose the New York Stock Exchange rather than his employer’s very own stock market on which to float its shares.
In his LSE role Walmsley would have been banging the drum for a London listing for United, but in the end both he and his ambitious boss Xavier Rolet had to come to terms with the club’s decision to list its shares across the pond.
Walmsley tells The Capitalist that he once sought to combine his twin interests in finance and football by buying Preston shares at the age of 18 at 455p each. Sadly, that investment did not enable him to give up the day job, having been redeemed later at 5p each. Manchester United’s new US investors will be hoping for a different outcome.
■ Forbes has compiled a list of the “highest-earning dead celebrities of 2012”. Wondering how to earn the big bucks from beyond the grave? The Capitalist can now share the secret. In the case of actress Elizabeth Taylor, her $210m income figure from last year was bumped up by auctions of the star's jewellery and costumes at Christie's. However, Michael Jackson’s estate raked in the dollars, 145m of them, from not only his own music royalties, but those of artists like The Beatles and Lady Gaga too. Interestingly that means Jackson actually earned more last year than any living recording artist.
■ Jolly jockey Frankie Dettori announced at the start of the week that he was amicably parting company with Sheikh Mohammed's Godolphin stables, after riding for the Dubai ruler for 18 years. Dettori who is 41, maintained this was not the end of his career: “I’ve got a message for anyone who thinks this is the end of Frankie Dettori – there’s life in the old dog yet!” And the jockey seemed very lively indeed when one of The Capitalist’s spies saw him that same evening at Barts speakeasy on Sloane Avenue, pouring a teacup of the bar’s “special tea”. Perhaps Dettori, who is already a successful restaurateur, is looking to expand his portfolio and was carrying out a spot of market research.