Dragons’ Den star Duncan Bannatyne says it pays off by investing in hit show

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Former Dragons’ Den star Duncan Bannatyne claims his businesses have lost £ 30million to Covid.The 71-year-old told Ruth Davidson’s LBC program An Inconvenient Ruth about the financial blow he suffered.

The owner of the Bannatyne Health Club & Spa chain said: ‘The whole tragedy cost my business around £ 30million and was funded by me – without taking dividends that I’m not going to take and leave on a loan.

“But people have lost their lives and others have lost their jobs. It is much more terrible for them.

“If we (as a company) continue now, we can survive. But we are still in survival mode, because we have lost between 25 and 30% of our members. ”

Clydebank-born Bannatyne also revealed that he had “probably reached the breakeven point” on his investments in 36 Dragons’ Dens.

But he said his time on the BBC2 show, between 2005 and 2015, was worth hundreds of thousands of dollars in publicity.

He said: “I remember talking to (my dragon colleague) Theo Paphitis one day and we said it was worth £ 100,000 a year – the publicity we get for our businesses for it.”

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