Bankrupt cruise line rescued

Billionaire Philip Anschutz, who owns David Beckham’s LA Galaxy football team, and whose AEG company rents London’s O2 Arena for about £1.5 million a year, has bought a bankrupt cruise line.
A subsidiary of his Anschutz Corp has agreed to pay $39 million (£25 million) for Windstar Cruises, which was placed in administration at the beginning of April.
The line operates three motorised yachts with computer-controlled sails; the four-masted Wind Star and Wind Spirit each carry 148 passengers, while the five-masted Wind Surf (above) – the biggest sailing yacht in the world – accommodates 312.
The ships sail in the Mediterranean and Aegean during the summer and in the Caribbean and central America in winter. Cruise Critic says they “offer an intriguing balance of sophisticated pampering, exceptional service and luxurious amenities – all amidst an oh-so-casual atmosphere.”
With a personal fortune of $7 billion, Anschutz, 71, was ranked the 34th richest man in America by Forbes magazine. He co-founded Major League Soccer in the US and as well as Galaxy and other football teams, he owns basketball and ice hockey teams and the Staples Center in Los Angeles.
Windstar will be operated by his Xanterra Parks and Resorts subsidiary, which runs lodges, restaurants and tours at many American national parks, including the Grand Canyon, Yellowstone and Mount Rushmore.