Billionaire Trump donor in line to make millions from Thames Water bid

A billionaire Donald Trump donor could make millions from a deal being struck between the government and Thames Water . The UK’s largest water company, ministers and creditors are locked in a stalemate as they try to agree a rescue deal to stave off Thames’s collapse. The water company built up a £17.6bn debt pile in the decades after its privatisation. Elliott Investment Management is one of the leading creditors, in a group that includes Silverpoint Capital, BlackRock and M&G. The consortium of hedge funds – known as London & Valley Water – is attempting to take over Thames in a multibillion-pound restructuring. Elliott’s founder and co-CEO, Paul Singer, one of finance’s most colourful characters, once ordered the impounding of an Argentinian navy ship after the country failed to pay its debts. His company is accused of catalysing Argentina’s bond crisis by aggressively pursuing the country’s debts. The Thames bid appears to be a family affair. Sources close to the deal say the point person at Elliott for Thames Water is Singer’s son Gordon , who runs the firm’s London office. In 2024, Gordon attempted to donate nearly £2,000 to Robert Jenrick’s failed run for the Conservative party leadership; the money was returned by the Electoral Commission as “impermissible”, reportedly because Singer’s address was not up to date at the time. …