Rory McIlroy Reportedly Set To Share In $495m Business Buyout Deal.

Double Major winning, Rory McIlory is reportedly set to share in a $US 495m buyout deal for the sale of the luxury yacht builder, Sunseeker.

McIlroy is among a group of investors dealing with the Chinese backed Dalian Wanda Group and owned by Chinese-born billionaire Wang Jianlin who is ranked by Boomberg as the 166th weathiest person in the world.

Jianlin is buying the yacht building business from a consortium of Irish investors that was put together in 2010 by Dublin based FL Partner.

However McIlroy, who is listed as a shareholder in Portofino Yacht Investments, the holding company which holds a 65% chunk of Sunseeker, is likely to only earn close to €2m ($US 2.64m) from the buyout deal.

A luxury Sunseeker tied up at Yas Marina during the 2012 Emirates Airline Invitational.  (Photo - Fran Caffrey/www.golffile.ie)

A luxury Sunseeker tied up at Yas Marina during the 2012 Emirates Airline Invitational. (Photo – Fran Caffrey/www.golffile.ie)

Other investors include Macquarie Bank, the Barry’s Tea family and Stagecoach bus company executive Brian Souter.

At the time the investors paid €29m ($US 38m) for the business and it would be a $US 457m windfall for McIlroy and his fellow investors.

Sunseeker is based in Poole in the UK and is reported to employ some 2,500 staff.

The company’s boats also have featured in a number of James Bond movies including:  The World is Not Enough, Die Another Day, Casino Royale and Quantum of Solace.

Confirmation of the sale came as Dublin-based Green Property sold One Nine Elms, a prime London development site, for £90m (€105m) to the Dalian Wanda Group.

 



Comments are closed.