Rothschild caught offside again

Might investment bank Rothschild be regretting ever getting involved in sports finance?

David Moores, the man who sold Liverpool FC to the cash-strapped Tom Hicks and George Gillett, says that the bank (which was representing the two Americans) "telephoned a non executive director of LFC, Keith Clayton, to assure him that both were good for the money".

That misjudgement comes on top of another infamous Rothschild endorsement, this time of Qadbak - the mysterious British Virgin Island-based fund which supposedly was going to bankroll Sven Goran Eriksson's Notts County into the Premier League and buy the BMW Sauber Formula One team.

Despite nosey journalists questioning Qadbak's credentials for months before it vanished, the dodgy fund's reputation was sustained by the unquestioning support of Rothschild banker, Meyrick Cox. He told the Times that Qadbak was a "wholly reputable organisation”. D'oh!

Chat blow for Rothschild

With the mysterious British Virgin Islands duo of Munto Finance and Qadbak looking to take an early bath from their Notts County "project" (see below), I wonder how the fallout is being viewed at the venerable institution that is Rothschild bank?
Qadbak - which supposedly funded Notts through Munto and once claimed to be buying the BMW Sauber Formula One team - has had to put up with nosey journalists questioning its financing for months. But at least it had the unquestioning support of Rothschild banker, Meyrick Cox, who acted as an adviser to BMW and was so confident in the group that he even chatted with journalists on the subject.
"So Meyrick," my email to the shrewd banker begins. "The Qadbak deal to buy the BMW Sauber team has collapsed. And now the Notts County takeover is unravelling. Many people saw it all coming. But not you! So, I wonder, do you still stick by your comments that Qadbak is a 'wholly reputable organisation'."
So far, no answer from Meyrick. Busy, I expect.