David Ross: Money was wasted on Manchester
Towergate chief promises to spend latest £57m investment “very wisely”.
David Ross has criticised the money "wasted on Manchester" and committed to sensible investment as Towergate looks to continue what he defined as the fix, build and grow agenda.
The second biggest shareholder, Madison Dearborn Partners (MDP) which holds 17.9 percent of the business, has committed to a net £40m investment.
Another £17m loan is also being made available by Nevada Investments Topco - a company controlled by MDP and Towergate's majority investor HPS Investment Partners.
"It is
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