I sold my business for £150,000,000 and it was the worst decision ever

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Businessman Paul Gregg is the founder of one of the UK's leading live entertainment businesses - but the 82-year-old could have pocketed five times as much if he'd sold it a little bit later.

The 82-year-old has won awards for his contributions to the entertainment industry Businessman Paul Gregg is the founder of one of the UK’s leading live entertainment businesses – but the 82-year-old could have pocketed five times as much if he’d sold it a little bit later. Award winning business tycoon Paul Gregg founded the Apollo Leisure Group, and went on to become the boss of a business that included iconic venues such as London’s Lyceum and Dominion theatres.

‘My biggest payday came after Nita and I sold the Apollo Leisure Group to the US giant SFX for more than £150million in 1999,’ he said. ‘I now view that as my worst ever business decision – if we’d hung on to all our assets for a decade the company would have been valued at around half a billion pounds,’ he told This is Money.

 

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