Goldman Sachs to buy The Belfry

Goldman Sachs has become the preferred bidder to buy The Belfry, the world-famous Warwickshire hotel and golf course, for an expected price of around £140m. Goldman Sachs is to become the new owner of The Belfry, one of the world’s best-known golfing resorts. A property fund run by the Wall Street firm has beaten Pimco, one of the world’s largest bond fund managers, to become the preferred bidder for the Warwickshire hotel and golf courses, with a purchase price of about £140 million, according to Sky News. The sale will bring to…

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Noland Bushnell - Campus Party Brasil via Wikipedia Commons

Atari founder Nolan Bushnell: esports will be bigger than the World Cup

After five decades in the video games industry, Nolan Bushnell has come to an eyebrow-raising conclusion: virtual sports will soon eclipse traditional sports such as football as the entertainment of choice for generation Z. The co-founder of Atari and inventor of the hit game Pong says today’s youngsters are shunning live sports. “I would be willing to bet that if you were to look at the audience, it’s skewing older because of the loss of younger players,” said Bushnell, a serial entrepreneur who gave the teenage Steve Jobs his first…

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Bella Italia, Leeds - Wikipedia

UK dining chain files notice of administration, risking 6,000 jobs

The private equity-backed operator of the Las Iguanas and Café Rouge chains is set to undergo a painful restructuring after filing a notice of its intention to appoint administrators, which could threaten more than 6,000 jobs. The Casual Dining Group, which also owns the Bella Italia brand, said that the “prudent measure” would give it time to consider its options and did not necessarily presage administration. Nevertheless, restaurant closures and job losses seem inevitable. One industry analyst with knowledge of the situation said: “A restructuring could involve either a company…

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