Patrick Duff: the advisor who helped Mary Oppenheimer and Daughters secure Phumelela's future
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In this excerpt from the Rational Radio webinar, BizNews founder Alec Hogg chats to Patrick Duff about the future of Phumelela and horse racing in South Africa. Ahead of the creditors of Phumelela voting this week between two offers: one by Mary Oppenheimer and Daughters (MOD) and the other by UK operation Betfred. Duff had been mandated by MOD with the task of advising them around restructuring the assets going forward to effectively help MOD and the South African Racing Restructuring Task Team (RTT) in a way that would be helpful for the future of the racing industry in South Africa. Phumelela’s creditors vote was overwhelmingly in favour of MOD. - Nadya Swart Learn more about your ad choices. Visit megaphone.fm/adchoices
