Palios and Birch consider new roles

Two of the UK’s most high-profile business recovery experts, Mark Palios and
Trevor Birch, could continue working together on a new project after leaving FTI
Palladium Partners.

Former Football Association CEO Palios and Birch, former CEO at Leeds United,
left the company after it underwent restructuring.

Speaking to Accountancy Age, Birch said that he was now ‘freelance’
following his term at Palladium, but was formulating a proposal alongside Palios
and would be ‘back in the market soon’.

Begbies Traynor senior partner Nick Hood said both would know a lot of people
looking to make investments, and expected them to become involved with matching
distressed businesses with turnaround funding.

But Hood issued a warning: ‘They are streetwise guys, but the issue will be
deal flow, it would be an interesting time to go into the market.’

Birch battled to save Leeds United as chief executive, which was near
collapse with debt of more than £80m. A period at Chelsea in the same role ended
when Roman Abramovich bought the club.

Palios began his career as a professional footballer at Tranmere, before
becoming a chartered accountant and holding senior roles at
PricewaterhouseCoopers. The former Accountancy Age Awards judge then served as
the FA’s chief executive.

Taking part in Accountancy Age ’s Insider Business Club, Hood warned
that there may be early signs that funds into distressed debt businesses are
drying up.

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