Victor Chu = famous Liverpool supporter!!

To show what a globalised world we live in, Hong Kong financier Victor Chu supports
Liverpool FC, whose supporters are sworn enemies of Manchester United. I suppose
I betray my southern roots by not minding too much about the Scousers. John Barnes
was one of the best players I have ever seen both at Watford and at Liverpool.

As Frankie Howerd would say, I digress. Mr Victor Chu is one of the backers of
a possible bid by Richard Branson's Virgin group for part of the Geordie bank
Northern Rock. One problem about any bid is that the Rock seems to need an
awful lot of funding from the Bank of England. At least Mr Branson thinks there is something worth saving at Northern Rock. Without any bid interest it looks like the Bank of England will have entered
the mortgage business.
I am surprised that Mr Adam Applegarth is still at the helm of the venerable
Northern Rock, since the funding requirements are so large thereby quantifying
the size of mess it is in.
Mr Chu, of First Eastern Investment Group, obtained a law degree from University
College London (UCL), and might stand a chance of understanding the famous
Geordie accent.
It is a shame that there has been no interest for Northern Rock from conventional
bankers Lloyds TSB notwithstanding. If Citigroup or Banco Santander made an offer,
they would be welcomed with open arms.
I am no longer a Northern Rock shareholder.