Duncan Bannatyne, Dragons’ Den’s star thinks that he ‘probably broke even’ for the programme on his investment.
During the long stint on The BBC show on his long decade, in the 36 business proposals, the multi-millionaire business has invested which includes a falconry company too, a hat shop and an Ice-cream venture.
The businessman of the Clydebank-born have announced in the year 2016 that all the shares pitched on Dragons’ Den have been sold.
After asking about his success on his investment, he replied: “I probably broke even, made a little bit, or broke even, but it became obvious to me that wasn’t where the money in this way.”
“I remember talking to (fellow dragon) Theo Paphitis one day, and we said that you know it’s worth £100,000 a year, the publicity that we get from it for our businesses.”
The businessman continued: “The whole tragedy has cost my company about £30 million and funded up by me, me not taking dividends I’m not going to take, and by leaving a loan in.”
“But people have lost their lives, and people have lost their jobs, and it’s much more terrible for them.”
“If we (as a business) continue now, we can survive. We’re still in survival mode because we’ve lost about 25% to 30% of our members.”