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I have finally got round to watching RUK’s extended interview with Rich Ricci last Saturday, conducted by Lydia Hislop.
In his role as Betbright Chairman he seemd to be moaning about people trying to set up more than one new online betting account in order to avail themselves of multiple “free bet” offers.
That’s all well and good, but seems rather rich (no pun intended) coming from a man who presided of the LIBOR rate rigging scandal and was a key player in the wreckless so-called “casino” banking under the tutelage of his mentor the infamous Bob Diamond, which was a keyy contributory factor in the 2008 banking crisis.
It seemed slightly disappointing that Lydia Hislop, who often prides herself in her no-holds barred style of confrontational journalism, failed to pick Mr Ricci up on this apparent hypocrisy.
It seemed slightly disappointing that Lydia Hislop, who often prides herself in her no-holds barred style of confrontational journalism, failed to pick Mr Ricci up on this apparent hypocrisy.
Can you give some examples of this ‘no-holds barred style’ because as far as I can see these days she has more in common with Alice Plunkett than Jeremy Paxman. She had the fall-out with AP but that was years ago.
Worst type of fawning interview including an annoying, repetitive OTT pronunciation of Djakadam in an attempt to impress Ricci.
I have finally got round to watching RUK’s extended interview with Rich Ricci last Saturday, conducted by Lydia Hislop.
In his role as Betbright Chairman he seemd to be moaning about people trying to set up more than one new online betting account in order to avail themselves of multiple “free bet” offers.
That’s all well and good, but seems rather rich (no pun intended) coming from a man who presided of the LIBOR rate rigging scandal and was a key player in the wreckless so-called “casino” banking under the tutelage of his mentor the infamous Bob Diamond, which was a keyy contributory factor in the 2008 banking crisis.
It seemed slightly disappointing that Lydia Hislop, who often prides herself in her no-holds barred style of confrontational journalism, failed to pick Mr Ricci up on this apparent hypocrisy.
Not sure how Lydia could bring up banking in a horse racing interview without a comparisson with LIBOR coming accross as a deliberate confrontation. I suppose if she wanted this to be her one and only interview with Rich Ricci – could’ve done. Lydia asks questions others dare not – which is good – but don’t see why every interview should be confrontational.
Personally, thought she did a pretty good job.
Value Is EverythingYessss Mr Ricci, can you do a racecourse interview on Racing Uk, our interviewer wants to quiz you on your role in a rate rigging scandal at a bank you once worked at.
……..can really see that one working out.
Was a good interview. Lydia remains probably the best interviewer their is, across any sports media.
* by the way, was encouraged by Ricci’s comments on the ABP issue
Was a good interview. Lydia remains probably the best interviewer their is, across any sports media.
Are you her agent or did she once say ‘hello’?
I take the point that challenging the obvious hypocrisy evident in his interview would have been a risk, however unless I am mistaken Lydia is one of the journalists more willing than most in our psycophantic industry to challenge key industry figures (messrs McCoy and Nicholls will tstify to that).
However if you want to put yourself up as a fearless reporter then you need to be consistent.
I don’t see why making an inference to the LIBOR rigging scandal would have been out of place within the context of the part of the conversation – Ricci was clearly getting hot under the collar about people committing fraud. Would Jeremy Paxman have baulked at suggesting Mr Ricci’s tone was ever so slightly hypocritical/
I would suggest Rich Ricci is far more well known in the wider world for being a “bankster” as opposed to being a famour racehorse owner.
As for Lydia, if her brishes with McCoy and Nicholls have tamed her, maybe she needs to move into mainstream investigative journalism where her talents would be allowed to flourish far more.
Is this cove really called Rich Ricci?
Sounds like a rather crappy moniker given to a particularly dubious chum of Arthur Daley
Anyway shouldn’t Rishi have been the interviewer
‘Now over to Rishi who’s with Rich Ricci’
Twist yer tongue on that Mr Presenter
Can’t believe these bookmakers are allowed to go on TV and whinge about punters “abusing” free bet offers. She should have told him to sling his hook, cancel all free bet offers and take proper bets instead, like proper bookmakers did in the past.
Like all of those with a lifetime pass on the gravy train there is only one punter Lydia is interested in. Note her shameless reaction to the decision to run Onenightinvienna in the Grand National. No thought for the ante-post punters treated with utter contempt or to actually put in print the reason for the decision. What shall I do? Oh, I will just keep Philip on side and use this privileged piece of information to put the horse up at 50/1 for the Grand National.
How much do you think Lydia H knows about LIBOR, banking, currency markets etc? Enough to be able to question a man like Ricci with confidence and without risking her reputation as a journalist?
And what exactly would you pro-Paxman posters have had her ask Ricci? He was never accused of any crime or misdemeanour.
From The Independent of 22 March 2013:
He and his wife are said to enjoy entertaining at their Kent pile, but not with big parties. Instead, small circles of intimates are invited for lunch or dinner with one stipulation: conversation about his work is off the agenda.
If Richard Ricci is coy about discussing his work with small circles of intimates, I’m guessing he would be even more reluctant to tell Lydia all about LIBOR. Of course, it’s always possible he vetoed any mention of banking scandals prior to the interview.
How much do you think Lydia H knows about LIBOR, banking, currency markets etc? Enough to be able to question a man like Ricci with confidence and without risking her reputation as a journalist?
And what exactly would you pro-Paxman posters have had her ask Ricci? He was never accused of any crime or misdemeanour.
You don’t need to be an expert in investment banking to be aware of what Mr Ricci was part of, and to be able to draw a comparison with what he was accusing small time punters of committing – fraud – and then conclude he is a hypocrite.
He presided over the international investment arm of Barclays and on his watch the rate rigging scandal took place. He also was one of the architects behind a culture that pervaded through the bank, of unacceptably high levels of risk. He was either guilty of a grave dereliction of duty in terms of not knowing what was going on underneath him (in terms of rate rigging) or he was complicit. Either way to imply, as you do, that he was never accused of a crime or misdemeanour is to mislead.
yates is spot,all these crappy offers but wont take a bet.As i have said before,how comes i could get £500/£600 bets (and more at times) in the early 80s,now struggle to get bets on?
Ivanjica, I’m not implying anything, I’m stating a fact – Ricci was not accused of any crime or misdemeanour. Full stop.
In light of that, exactly what should have been Lydia’s opening question on the subject?
Ivanjica, I’m not implying anything, I’m stating a fact – Ricci was not accused of any crime or misdemeanour. Full stop.
In light of that, exactly what should have been Lydia’s opening question on the subject?
He did benefit to the tune of £18 million when employed by Barclays who were complicit.
The more I think about it the more I think ivanjica has a point.
If you’re going allow someone to spout crap about so called “free bets” then they are fair game to me.
Nothing wrong with a bit of preparation if you’re going to allow him to go down that line.
And what about him being questioned about Betbright only really being concerned about KYC if punters happen to win and want to withdraw?The interviews I’ve seen recently from the likes of Matt Chapman & Lydia Hislop with Ricci seem mainly attempting to finding favor with him and being one of his friends.
If they want to just discuss the horses with him then fair enough but don’t allow him to spout crap about Betbright unchallenged.
How much do you think Lydia H knows about LIBOR, banking, currency markets etc? Enough to be able to question a man like Ricci with confidence and without risking her reputation as a journalist?
And what exactly would you pro-Paxman posters have had her ask Ricci? He was never accused of any crime or misdemeanour.
You don’t need to be an expert in investment banking to be aware of what Mr Ricci was part of, and to be able to draw a comparison with what he was accusing small time punters of committing – fraud – and then conclude he is a hypocrite.
He presided over the international investment arm of Barclays and on his watch the rate rigging scandal took place. He also was one of the architects behind a culture that pervaded through the bank, of unacceptably high levels of risk. He was either guilty of a grave dereliction of duty in terms of not knowing what was going on underneath him (in terms of rate rigging) or he was complicit. Either way to imply, as you do, that he was never accused of a crime or misdemeanour is to mislead.
And you know, is it too much to ask someone to do some…what’s it called..oh yes – research
I emailed Lydia and Steve Mellish on Racing UK once about wind ops being declared in the Racing Post like tongue ties are. They dismissed it without barely considering it. Then a year or so later Paul Nicholls says pretty much what I said – they are the single biggest improver of a horses form / ability – and suddenly…
I like Lydia but I’m not sure where the no nonsense reputation stems from.
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