Blue is the colour for a red rainmaker

Looking over last week's coverage of Christian Purslow's appointment as the new commercial boss of Chelsea FC it struck me that little has been made of the former City dealmaker's past career in the Square Mile and what that might mean for the Premier League club.

I remember Purslow from when he was at private equity firm Mid Ocean Partners, doing deals such as the £150m leveraged buy-out of LA Fitness. Prior to Mid Ocean, Purslow worked as a high-flying investment banker at Schroders and Credit Suisse.