While I would say $100mn is probably too high a bar, buying Whytham Abbey wasn’t really $20mn expenditure as they’ll sell it and get most of this back. So the actual expenditure (cost related to the transaction, running costs, overhead, gain/loss, not including any reputational cost) of the purchase is probably between $1mn and $4mn (depending on what they manage to sell it for).
While I would say $100mn is probably too high a bar, buying Whytham Abbey wasn’t really $20mn expenditure as they’ll sell it and get most of this back. So the actual expenditure (cost related to the transaction, running costs, overhead, gain/loss, not including any reputational cost) of the purchase is probably between $1mn and $4mn (depending on what they manage to sell it for).