Summary
ITV chief executive Charles Allen will be forced to pay Pounds 30 million for a stake in Arsenal football club almost three times the value of the shares on the open market.
He will have to hand over about a fifth of his company's expected profits for last year under a deal he negotiated as chairman of Granada, the company that merged with Carlton to form ITV a year ago.See the full content of this document
Extract
Itv Hit by Pounds 30m Soccer Bill ; Financial Mail
The move is likely to anger sharehol...
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