Racing tycoons get board rep at Mitchells and Butlers

Elpida, the investment vehicle of racing tycoons JP McManus and John Magnier, and a major shareholder in pubs group Mitchells and Butlers, has had one of its representatives appointed to the board of the troubled pubs group.

Elpida, the investment vehicle of racing tycoons JP McManus and John Magnier, and a major shareholder in pubs group Mitchells and Butlers, has had one of its representatives appointed to the board of the troubled pubs group.

Edward Irwin has been named as the second non-independent non-executive director of Mitchells & Butlers (M&B), owners of the All Bar One chain, with immediate effect. Irwin is Finance Director of Coolmore, a thoroughbred bloodstock breeder with operations in Ireland, the USA and Australia.

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