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Birmingham Post
Birmingham Post
Business
Jon Robinson

Hedge fund of Blackpool FC owner Simon Sadler 'cut off' by Bank of America and Citigroup over trading concerns

Blackpool FC Bank of America Citigroup FT

The hedge fund of Blackpool FC owner Simon Sadler has been cut off from trading equities with two of its banks about its bets on the sale of large blocks of shares, according to reports.

All equity trading with Segantii Capital Management has been suspended by Bank of America and Citigroup, the FT reports.

The FT adds that Bank of America has stopped trading with Hong Kong-based Segantii in all financial instruments.

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