Summary
BESET by financial woes which have seen him slip to 261st in the Forbes list of the world's billionaires, Australian Jamie Packer is to make a controversial return to England's polo fields, I can reveal.
The tycoon, 41, is planning a Pounds 20 million investment in a new base for his Ellerston team near Cowdray Park, West Sussex, which means ploughing up land currently grazed by dairy cattle. For locals, it is a case of history repeating itself. Twenty years ago, Jamie's media mogul father Kerry caused uproar in the nearby village of Stedham when he turned 98 acres of farmland into sleek polo pitches. Until recently, Jamie -- now said to be worth a mere Pounds 1.5 billion -- has been using the Stedham fields as his base, but this year failed to reach an agreement on a lease with its new owner, Filipino banker Bobby Aguirre, patron of the Los Tamaraos polo team.See the full content of this document
Extract
Beset by Financial Woes Which [...]
Packer's proposed p...
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