Watch: Insider's Business Briefing - 22nd August - video Dailymotion

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In today's business briefing, Dan and Miri discuss the North West Rich List, the best pubs in Manchester, a £6m investment in grassroots motor sport and a new chief executive at a major gym group.

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00:00More from the North West Rich List, the best pub in Manchester, a six million

00:05investment in grassroots motorsport in Bicester and a new chief executive at

00:09Pure Gym all come up in today's business briefing.

00:16Good morning, I'm Daniel Zambartas and I'm Mary Thomas. How are you doing today

00:21Mary? Very good, how are you? I'm good thank you. So I'm gonna kick things off

00:24for us today. So Pure Gym, I will say that we did our first by-the-side

00:28football at Insider last night and it's fair to say quite a few of us might be

00:32signing up to go to the gym given that we were panting halfway through, we were

00:36about to pass out. Anyway, so the news is that they have unveiled their new chief

00:40executive, Clive Chesser, who was chief executive at Punch Pubs and he's also

00:45held roles at Green King and Haagen-Dazs. He's gonna become the chief executive of

00:49Pure Gym. So we'll see that those are quite different industries to the gym

00:54but he'll be using that retail experience to drive growth. They've

00:57already got 2 million members and 600 gyms globally and that appointment means

01:02that Humphrey Cobalt, who has been chief executive there for 10 years, he'll

01:06become chair of the gym operator. And so Chris Galashan, who's partner of

01:10Leonard Green, the majority equity owners of Pure Gym, he said that Cobalt was one

01:16of the main reasons behind their investment in 2017. So I think anyone

01:20involved with Pure Gym will be happy that he's there to stay. You mentioned

01:24he's come from the pub world, so from one pub to another. We revealed today

01:28some of the best-loved pubs in Greater Manchester and among them is one that

01:34was saved from closure back in 2017 so it's now made it as to one of the best

01:37pubs in the region. It's called the Northumberland Arms or affectionately

01:41known as The Thumb. It's in Markle Bridge which is just around the corner from me

01:44but I haven't been so I'm thinking I should I should pay a visit now that

01:48it's so close to me. Oh definitely. Yeah well maybe a pub crawl after the

01:51five-a-side. That might be an idea actually next week. The other big

01:56story from today is in the North West is the rich list that we've been trailing

02:00this for a couple of weeks now. We've list like the the youngest and richest

02:05in tech but tomorrow or rather today we reveal the final list of the 50 richest

02:11people in the North West, the self-made self-made millionaires and billionaires.

02:16Who do you think is at the top? It's definitely not me. At the top is Tom

02:22Morris and his family. Now Tom Morris well known for home bargains but in

02:26fact the list is dominated by families so we've got lots of siblings on there

02:31so at number two and at number three we've got the Issa brothers so Mosson

02:34at number two and Zuberissa at number three. We know them from Asda and from

02:38Eurogarages. Then at number four more siblings Fred and Peter Doan. Again Fred

02:44is the Fred in Betfred. And at number five it's Simon, Bobby and Robin Aurora

02:51from B&M Bargains. So yeah they're dominating the list of families.

02:56Good for them. Great to see. What else have you seen this morning? I've also seen news from

03:01Vista Motion which is the future mobility estate in the heart of the

03:04motorsport valley in Oxfordshire. So they've launched a partnership with Team

03:09Sport, an indoor karting company with 40 centres across the UK. They've agreed to

03:13launch a six million investment into grassroots motorsport and a new indoor

03:18electric go-karting centre. A two-level track will be built at Vista Motion in

03:23the Hangar 137 building should the plans go ahead they've been submitted to

03:27Chowell District Council. So four million of that investment will go towards

03:31maintaining the external fabric of the building and two million will go

03:34towards the track itself. That's expected to boost grassroots and women's talent

03:39in motorsports. So it's not only a physical investment in the track itself

03:43it's also an investment into the wider sport. So you might also remember in May

03:48plans were approved for YASA or YSA, their new head office at Vista Motion

03:53and that new racetrack will be built on the site adjacent. Wow and then it's not

04:00quite go-karting but our event season is also kicking off big time with the sort

04:05of it's a back-to-school kind of feeling. So in September event season kicks off

04:09and one of the first events that we're doing is in the Northwest. It's on the

04:1217th of September and it's our Shaping Property lunch. So first of all we're

04:18looking at public-private partnerships and today we announced that Eamon Boylan

04:21who's coming out of retirement and back into Manchester City Council will be

04:25among our speakers. So Eamon will be giving a keynote address about the power

04:29of partnerships. He'll be joined at the event by Deborah McLaughlin, she's the

04:34former Regeneration Commissioner at Liverpool City Council. Also Stephen

04:38Wild from Peel and Wes Erlen who's Managing Director of Urban Regeneration

04:43at Legal and General Capital. So they're going to be talking about what's the

04:46future of public-private partnerships and how maybe do we work and between the

04:52public and the private sector under the new Labour government as well. So there's

04:55loads of events coming up so you can find about find out about those on our

04:59website insidethemedia.com where you can also read our Northwest Rich List and

05:04subscribe to the magazines. But that's all the time we've got for today so

05:08great thanks for that. Yeah very good see you soon.

Watch: Insider's Business Briefing - 22nd August

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