Nigel Doughty alarmed some of his loyal institutional investors this year when he tried to buy Nottingham Forest football club. They thought the chief executive of Europe’s prime venture-capital partnership, Doughty Hanson, had finally flipped – not because Forest, twice European champions, were recently relegated from England’s top football division, but because they feared Doughty had lost his hunger for business. Soccer clubs are seen as the toys that increasingly distract the UK’s new rich from their day jobs.
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