A couple of interesting news stories today, not least that nobody wants to buy the infamous Watergate Hotel in Washington. Shut since 1997, you would have thought the hotel's past would make it an attractive prospect, but clearly prospective buyers are put off by its past. Maybe the U.S. government should buy it and open a museum dedicated to the criminal activities of American Presidents throughout history? That should fill a large proportion of its 250 guest rooms and 146 suites.
Today also sees the return of Sven-Goran Eriksson to English football. Notts County may be the oldest football team in the country, but last year they finished 87th in the football league. Arab investors have seen an opportunity, however, and Sven has been persuaded to sign up. He cites the challenge of advancing Notts County as his reason for joining, cynics will say it was the money. I'm a born cynic. Either way, it's a fascinating story, and I certainly applaud everyone involved for investing in a club that is still some way from being the finished article rather than taking the easy option and buying an already well-established side. Success will be all the more fulfilling, should it come. This is by no means assurred, however, and you have to feel a little bit for County manager Ian McParland, who has been granted what can only be considered a stay of execution and must cope with one of the most successful club managers in European football looking over his shoulder.
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