Saturday, April 22, 2006

Norwegian group to buy into Liverpool


A Norwegian consortium are ready to plunge millions of pounds into Liverpool.

The Guardian says the group have been put together by Oystein Stray Spetalen, a financial investor worth an estimated £150m, with their principal backer the hotel magnate Petter Stordalen. The 43-year-old Stordalen is something of a celebrity in Norway, having championed the country's tourist industry and tied himself to a footbridge over a drainage pipe at Sellafield in 2002 after claiming radioactive emissions from the nuclear power plant were polluting the Norwegian coast.

"It is my policy not to comment on any potential investments," Spetalen told the Norwegian newspaper Verdens Gang.

Stordalen owns 90% of the Choice Hotels Scandinavia group, Norway's largest hotel chain, and is believed to be attracted by the potential of building a hotel alongside Liverpool's proposed new stadium on Stanley Park, together with a possible casino.