Saab Story, Sort Of

Rancho Santa Fe man set for big stake in carmaker

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    NEWSLETTERS

    TK
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    The deal between Saab and its new owners cleared a major hurdle on Tuesday.

    A 53-year-old Rancho Santa Fe mortgage-debt mogul with no apparent automotive background is set to become a major stakeholder in the carmaker, according to a published report.

    Mark Bishop's latest gig is running a company called Liquiddium Capital Partners. With Saab set to make the leap away from GM ownership, Sweden's Koenigsegg Automotive, Bishop and two other companies would become the owners of Saab, with Bishop holding a 22 percent stake, reports the San Diego Union-Tribune. The Saab deal would make Bishop the third largest shareholder of Saab, according to the paper.

    Bishop has been occupied selling mortgage debt since the '70s.