Richard Budge

The company also sponsored the December Gold Cup horse race at Cheltenham Racecourse from 1988 to 1991.

[3] When the UK coal industry was privatised in 1994, Budge bought most of the pits for £815m, forming RJB Mining, which he had started in 1992 after buying his brother's opencast business division for £102.5m.

He bought three out of five packages of the UK coal industry (17 deep mine pits) on 30 December 1994 for around £700m.

Powerfuel went into administration in December 2010 owing £80 m to a combination of VTB Bank and ING Group.

[12] In 1968 he married Rosalind White and lived at Wiseton in north Nottinghamshire near Gringley-on-the-Hill, close to the A631.