.jpg)
Manx entrepreneur Jim Mellon says he will invest £100,000 in media and financial group Rivington Street Holdings.
Mr Mellon will become the non-executive chairman of RSH subject to its scheme of arrangement being completed.
The company says it's hoping to complete the scheme soon and is planning to move to the Isle of Man in early June.
Mr Mellon says the firm has an exciting future and his investment is seen as a signal of serious intent.
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
