Other Business Interests
Tabor is a major shareholder in Victor Chandler International, owning a 45 per cent stake in the Gibraltar-based online betting firm.
His racing associations have also extended into other areas of business. With Magnier, Derrick Smith and J.P. McManus, Tabor is one of the co-owners of the luxury Sandy Lane hotel in Barbados. In addition, Tabor, Magnier, McManus, and another Irish associate and Sandy Lane owner, Dermot Desmond, collectively owned 60 per cent of the Next Generation chain of fitness clubs sold to London & Regional Properties for around £200 million in 2006. Tabor, Magnier, Smith, McManus and the currency trader Joe Lewis also own a large stake in the Mitchells & Butlers pub chain. This group of businessmen is also reported to have profited extensively from currency speculation, activity sometimes attributed to their association with Lewis.
In 2008 the company Global Radio, founded by Tabor's son, Ashley, took over GCap Media, owners of Capital Radio and Classic FM. That move was backed with £375 million from investors including Magnier, McManus and Tabor. The deal made Global Radio the largest radio group in the United Kingdom.
Tabor's other business dealings include an investment in two London hotels and a failed attempt in 1996 to buy West Ham United football club, whom he has supported since he was a boy.
Read more about this topic: Michael Tabor
Famous quotes containing the words business and/or interests:
“Perpetual devotion to what a man calls his business is only to be sustained by neglect of many other things.”
—Robert Louis Stevenson (1850–1894)
“Are we bereft of citizenship because we are mothers, wives and daughters of a mighty people? Have women no country—no interests staked in public weal—no liabilities in common peril—no partnership in a nation’s guilt and shame?”
—Angelina Grimké (1805–1879)