Sobering to think if the books hadn't thrown money at me with Douvan and Faugheen I'd be looking at an even bigger stinker.
But congratulations to Rich Ricci who having won his first championship race at Chelttenham must be only -90% ROI on his investment. (There. That's made me feel better).
I have a huge problem with Rich Ricci and it eats away at me
He, along with a number of other senior bankers around the world, in their strategies at investment banks was in part responsible for the credit crunch that caused millions of people financial problems, lost jobs etc
Under his various contracts by the time he was relieved of his duties in mid 2013 he had cleared over £200m in salary and bonuses and share options
theses were due to him under those contracts with no redress for poor strategy etc, and thats fair enough
so he has spare time on his hands and invests gazillions in racing, changes the competitive dynamic of the sport but he's still the investment banker that was part of the problem Western economies faced 2009-13
doesn't sit too well with me at times