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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Millwall falls again as de Savary sells out

It's been a bad few days for Millwall, the listed football club.

Its shares - albeit they trade at a fraction of a penny - fell sharply after the team failed in its attempt to get promoted to the Championship through the Wembley play-offs.

Now it seems that the club's former chairman has joined the ranks of "Nobody likes us" - as the fans used to chant - by selling his entire stake in the company. Peter de Savary - the entrepreneur and yachtsman who once owned both Land's End and John O'Groats as well as Skibo castle, Madonna's wedding venue - told the company last week he had sold his 6.27% stake. That amounted to - deep breath - 2,350,410,000 shares, for which he would have received less than £500,000. In the market Millwall has lost 10% of its value, down 0.002p at 0.0175p.

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