Cast off! Dial A Dump boss suing Monaco Yacht Show for allegedly excluding him from the event

Mutiny: Ian Malouf says he is seen as a threat to yacht racers

Cast off! Dial A Dump boss suing Monaco Yacht Show for allegedly excluding him from the event

Harriet Dennys for the mail on Sunday

Mutiny: Ian Malouf says he is seen as a threat to yacht racers

Mutiny: Ian Malouf says he is seen as a threat to yacht racers

The dismissal tycoon Ian Malouf is suing the organizers of the Monaco Yacht Show for allegedly excluding him from the industry's biggest networking event.

Yacht broker Malouf, who made his fortune through his industrial waste disposal company Dial A Dump, paid around £ 45,000 for a berth for his 22 million pound superyacht, Mischief, at the 2018 show in September .

The organizers confirmed their reservation, but then canceled it "abruptly". and & # 39; without a good cause & # 39; says Malouf. He is seeking damages after filing a lawsuit in Monaco.

At a preliminary hearing last month, his lawyers accused the organizers of excluding him because he is a threat to the "cozy group" of superyacht racers. Its online broker, called The Ahoy Club, undermines traditional brokers by charging 4 percent commission instead of 20 percent.

The ban is a blow to Australian Malouf because he expected to find a buyer for Mischief at the event, which is said to be "the definitive showcase for the industry influencers".

Around 120 superyachts will be on display, with a fourth for sale. Spokesmen for the organizers declined to comment before a second hearing later this month.

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