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| == Conservative Party == | == Conservative Party == | ||
| In 2009 David Rowland moved from Guernsey to England so that he could donate money to the ]. He donated £3m, making him the party’s major donor.<ref></ref> |
In 2009 David Rowland moved from Guernsey to England so that he could donate money to the ]. He donated £3m, making him the party’s major donor.<ref></ref> | ||
| On 25 June 2010, ] (CCHQ) announced that David Rowland would take over as ] in that autumn.<ref></ref> | |||
| After public criticism of his status as a tax exile, Rowland resigned before taking the position.<ref>http://www.guardian.co.uk/politics/2010/aug/19/david-rowland-conservative-treasurer-quits</ref> | |||
| In August 2010, Rowland made another donation of £1 million to the Conservative Party.<ref></ref> | |||
| == References == | == References == | ||
Revision as of 17:07, 25 July 2013
| David Rowland | |
|---|---|
| Born | David John Rowland (1945-06-16) 16 June 1945 (age 79) |
| Nationality | British |
| Known for | millionaire property developer/appointment as Conservative Party Treasurer |
David Rowland (born 1945) is a British millionaire property developer living in Guernsey.
Property career
Rowland took over other groups, issuing shares in his own company to pay for acquisitions. Eventually he sold his stake in Fordham for £2.4m in 1970, and moved to France.
In 1988, Rowland helped fund a lawyer, David Duff, in a takeover of Edinburgh Hibernian, parent company of Scottish Premier Division football club Hibernian. Eventually the company went into receivership.
In 1989 Rowland bought a controlling interest (34%) from the Barclay brothers in the company Gulf Resources & Chemical Corporation. In 1991, Rowland sold his controlling interest to Nycal Corporation. Over the following years, Gulf resorted to the American courts to recover company monies they alleged were spent by David Rowland, firstly via the courts and then via their insurance company. One case was settled (though no financial settlement was deemed necessary), while Gulf lost another.
In 2009, Kaupthing Bank, affected by the global liquidity squeeze was divided into two entities, a ‘good, healthy’ bank and a ‘bad’ bank. David Rowland and his son Jonathan, via their investment company Blackfish Capital, acquired and recapitalized the former and now manage the assets, on behalf of the interbank creditors, of the latter.
Conservative Party
In 2009 David Rowland moved from Guernsey to England so that he could donate money to the Conservative Party. He donated £3m, making him the party’s major donor.
On 25 June 2010, Conservative Campaign Headquarters (CCHQ) announced that David Rowland would take over as Conservative Party Treasurer in that autumn.
After public criticism of his status as a tax exile, Rowland resigned before taking the position.
In August 2010, Rowland made another donation of £1 million to the Conservative Party.
References
- Companies House
- Sport.Scotsman.com – Hibs chairman’s revolution ended in club being open to hostile bid
- GRCC completes stock sale
- Washington Business Journal - Nycal tries to swallow firm 8 times its size
- Gulf USA vs. David Rowland 1997/8
- Gulf USA vs. Federal Insurance 2001
- The Telegraph - Rowland family open new bank – 13 July 2009
- Sigrun Davidsdottir (Icelandic journalist) article
- Daily Mail – David Rowland new Tory treasurer (26 June 2010)
- http://www.guardian.co.uk/politics/2010/aug/19/david-rowland-conservative-treasurer-quits
- The Time – David Rowland gives more than 1m to Conservative Party – 27 August 2010