A Slaughters partner may be edging perilously close to financial ruin after his wife bet the house on London’s theatreland.
Two weeks ago, the well-known theatre producer and Perrier Awards chief Nica Burns, with American oil millionaire and theatre producer Max Weitzenhoffer, stumped up £5.75m for a half share in the Apollo, Garrick, Duchess and Lyric. To help finance the acquisition, Burns remortgaged the Hampstead pile she shares with her husband of 18 years, Slaughters structured finance partner Marc Hutchinson. Now the blue-blooded lawyer is banking on getting bums on seats to stop him from having to walk the streets or, even worse, sell up and move down the hill to Belsize Park.
However, that famous Slaughters stoicism was on show when Tulkinghorn had an aural audience with Hutchinson recently. “Nica’s run these theatres since 1992, so I think the chances of us being homeless are pretty slim,” he insisted. “In any event, there’s a small flat at the back of the Apollo, so at least we should have somewhere to stay.” Boom, boom!