Chris Wright (UK businessman)

From Powerbase
Jump to: navigation, search

Chris Wright is the Chairman of Chrysalis and former Chairman of QPR FC. He pledged £100,000 to the Labour Party in March 1999. His salary in 1999 was £510,000 (£400,000 in 1998) and his stake in Chrysalis is worth £141 million (he made £8 million in a share sale in 1999). His personal wealth is £155 million. The Chrysalis Group have given more than £5,000 in sponsorship to the Labour Party in 2000-2001.[1]

Career

Wright, 58, started in the music business at Manchester University, booking bands in the 1960s. He and his partner, Terry Ellis, then built Chrysalis into a leading agency and label for superbands, before Wright bought Ellis out in the mid-1980s. The record side of the business has since been taken over by EMI, and Wright has turned Chrysalis into a broad-based media group best known for its Heart FM radio station.[2]

Chrysalis

Chrysalis includes the Chrysalis and Echo record labels, the Heart FM and Galaxy radio stations and a group of TV production companies that make it the 2nd largest independent programme maker in the UK and the Netherlands. As well as being the former owner of QPR, he owns the Wasps rugby union team and the Sheffield Sharks basketball team.

One of the 58 business leaders who signed a letter on the Labour Party website in May 2001 in support of Labour[3] and one of the 62 who wrote to the Financial Times to say the same thing in the run up to the 2005 election.[4].

Resources, Notes

Resources

The Guardian Media Top 100 2006 42. Chris Wright, accessed 31 October 2007.

Notes

  1. Reference needed
  2. The top 352-372 Sunday Times (London) April 27, 2003, Sunday Features; Rich List 46
  3. Captains of industry back Labour: Letter on Labour party website from captains of industry MediaGuardian, Monday May 14 2001
  4. Business has boomed under the Labour Party Financial Times Sunday Apr 24 2005 12:42