Monday, 30 November 2009

Team sheets omitted from Davies commentary

Mark Davies - managing director of betting exchange Betfair and son of footy commentator Barry - dismisses stories that the company has just appointed Rothschild to advise on a flotation.
“It's just not true,” Davies insists to the Evening Standard's City Spy column. “Speculation about a flotation comes up regularly. But we are not about to appoint an adviser.”
The freesheet seems sceptical about that response - and so it should be. What Davies fails to mention is that Goldman Sachs has already been asked by the betting group to handle the £1.5bn listing, while Credit Suisse has also been handed a spot in the starting XI.

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