Re: Free money from BODOG
Here's a bet that I like:
"What Country will the Automaker that purchases Jaguar be from?"
England 13/2
I honestly think that Bodog was thinking only about existing automakers when setting the line here, not financial buyers. I e-mailed Bodog support, and they ensured that the buyer doesn't need to be an existing "Automaker." Thus, the winning country can also include where the investment vehicle is based.
Two of the prominent potential buyers are Alchemy Partners and Magma, both British firms. Alchemy reportedly is already preparing a bid, and Magma appears to be interested as well (the head of Magma is Martin Leach, who used to head up Ford Europe). Also, a lot of the speculation that the buyer will end up being from England due to some concerns about foreign firms dealing with the labor organizations.
Plenty of other buyers will come forward, and other funds already seem to be interested (including Cerberus). It's hardly a guarantee, but at a 13.3% breakeven percentage, I really like the odds on England.
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