http://www.dailymail.co.uk/news/arti...collapses.html
A £3billion property fund backed by a host of wealthy celebrities including Sir Alex Ferguson and Sir David Frost has collapsed into administration.
The fund, called aAim, with Sir David as chairman, invested heavily in properties in Britain and mainland Europe during the boom.
It got caught out by the collapse that started last summer and it is feared that its shareholders will lose all their investments.
Other backers include Grant Bovey, the buy-to-let entrepreneur and husband of former TV presenter Anthea Turner and struggling bank HBOS, which is thought to have put £200 million into the fund and held a 20 per cent stake.
Simon Cowell, the pop impressario and The X Factor judge, has also been linked with the company.
Losers!
A £3billion property fund backed by a host of wealthy celebrities including Sir Alex Ferguson and Sir David Frost has collapsed into administration.
The fund, called aAim, with Sir David as chairman, invested heavily in properties in Britain and mainland Europe during the boom.
It got caught out by the collapse that started last summer and it is feared that its shareholders will lose all their investments.
Other backers include Grant Bovey, the buy-to-let entrepreneur and husband of former TV presenter Anthea Turner and struggling bank HBOS, which is thought to have put £200 million into the fund and held a 20 per cent stake.
Simon Cowell, the pop impressario and The X Factor judge, has also been linked with the company.
Losers!
Did you mean "Mormons hit be Credit Crunch™"?.
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