Risk Meyohas: Scunthorpe Steelworks and British Steel

risk meyohas: The company, which owns the Scunthorpe steelworks, claims that without the new funding it could collapse, putting 4,500 jobs at risk, according to The Guardian. Meyohas, the son of a wealthy French corporate lawyer, and Goldstein have charged 33.8m in interest on loans their private equity fund Greybull Capital made to British Steel at a rate of 9.6%, according to filings at Companies House. Marc Meyohas and Daniel Goldstein are in talks with British Steel's lenders over a 75m rescue package that is understood to be at risk of falling apart unless the government contributes. The money was loaned via a Greybull business registered in the tax haven of Jersey. The pair, who run their investment fund from offices above a Jimmy Choo store on Sloane Street, around the corner from Harrods in central London, have also charged British Steel 6m in management fees since they took control of the Scunthorpe works in 2016. The firm said the offshore structure was not designed to avoid tax. (news.financializer.com). As reported in the news.