Roman Abramovich invited to swap Monte Carlo for Margate
RUSSIAN billionaire Roman Abramovich has been invited to moor a yacht in Margate harbour.
Estate agent Terence Painter has written to the Chelsea FC owner in a bid to encourage him to invest some of his £7.6 billion fortune in Thanet.
Mr Painter believes Margate would be the perfect spot to moor one of the tycoon's fleet of yachts.
He said: "I've believed for years that Margate could have a marina like Ramsgate's but it requires serious investment.
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"I attended a meeting in London recently to discuss regeneration and a cabbie suggested Mr Abramovich.
"When I thought about it, it made perfect sense. He could leave his yacht in the harbour and fly in to Manston airport.
"He's an art lover so I'm sure he'd enjoy Turner Contemporary – it seemed to tick so many boxes."
Mr Abramovich, 45, is looking for a new spot after missing out on a Mediterranean mooring last summer and local business leaders would welcome the Russian's billions to help regenerate Margate.
While the old stone pier is a long way from the glamorous ports of Monte Carlo and Cannes, Mr Painter is a firm believer that Margate can attract his fleet.
He said: "We would need to dredge the harbour first and close it off but it could be fantastic for Margate. A lot of public money has been spent on regeneration but you need private investment too."
Mr Painter is currently in talks with a Middle East consortium of investors about investments in the isle.
John Mann, official spokesman for Mr Abramovich, said: "We receive thousands of enquiries about investment from all over the world and unfortunately we cannot respond to each one individually. I can confirm that there are no plans of any investments in property at the UK at this time."