NEW BALLS SLEAZE; Bailed-out RBS in tennis blowout.Byline: ADRIAN SHAW Adrian Shaw may refer to:
THE Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba sparked fresh fury yesterday by revealing it will be spending up to pounds 300,000 on corporate entertaining at Wimbledon.
Despite a pounds 20billion bail-out by the taxpayer, 15,000 RBS RBS Royal Bank of Scotland
RBS Role Based Security
RBS Rollback Segment
RBS Rare Book School (University of Virginia)
RBS Rural Business Cooperative Service
RBS Ribosome Binding Site (genetics) bank workers still lost their jobs.
Now RBS will dole out freebies - such as vintage champagne at pounds 75 a bottle and gourmet lunches - in the suite it has reserved for 42 guests for each of the 13 days of tennis, starting today.
It is also paying pounds 100 a ticket for Centre Court seats and pounds 150 for flowers despite the criticism still dogging its former chairman Sir Fred Goodwin, who took the bank to the brink of closure.
RBS lost pounds 24.1billion and "Fred the Shred" last week finally agreed to hand back pounds 4.7million of his pension pot.
Just four weeks after the taxpayers' handout, RBS spent pounds 30,000 on a bash for executives at Blenheim Palace.
It has also since signed multi-million pound client-entertaining deals with stars like ex-racing driver Sir Jackie Stewart and tennis ace Andy Murray - though it has scrapped a pounds 10million sponsorship with F1 motor racing.
But Matthew Elliott, chief executive of the TaxPayers' Alliance, fumed: "It should not spend a penny on corporate hospitality at Wimbledon or anywhere else until what it owes is paid." And disgusted Labour MP John Mann, of the Commons Treasury select committee, said: "These people are quaffing champagne while making employees redundant. It is greed feeding greed."
The Wimbledon jolly was revealed in a leaked email from tennis club marketing assistant Anne Strickland to RBS events manager Angela Lamb.
The message also went to Fiona Carey, events manager of Lloyds which is also spending lavishly on corporate entertaining for part of the fortnight.
A spokesman for RBS conceded that the bill is likely to be up to pounds 300,000.
He said: "We have cut our hospitality budget by 90 per cent this year to recognise our situation. But Wimbledon is contracted and we will use it to support charity partners and customers vital to our success." Lloyds also insisted: "We are sensitive to people's financial difficulties."
But the BBC BBC
in full British Broadcasting Corp.
Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. will not do any corporate entertaining at Wimbledon, acknowledging: "As a publicly-funded organisation, it would not be right at this time."
SHAMED Fred the Shred FIZZING fizz
intr.v. fizzed, fizz·ing, fizz·es
To make a hissing or bubbling sound; effervesce.
1. A hissing or bubbling sound.
3. An effervescent beverage. Fury over RBS's plan to entertain at Wimbledon