James Caan, a ‘Dragon’ of the Den has told the BBC after three years on the show: ‘I’m Out’. This comes during a tense row with fellow Dragon Duncan Bannatyne, with whom he hasn’t said a single word for the past nine months.
In a move that will surprised his fans and the companies he has invested in, producers of the series have announce that the Pakistan-born millionaire will not appear on any more shows.
Caan has come under speculation as to why this decision has come now, two months after the ‘babygate’ incident, in which he was filmed in his native Pakistan offering to buy a baby in a poverty stricken area. Caan did insist his inappropriate offer was made with the best intentions as this came in the aftermath of the floods that devastated the country. Caan, who is currently 50, was accused of poor judgement and speculation at the time suggested that this may affect his presence on Dragons’ Den.
Caan, however has insisted: ‘My work and philanthropic interests mean I can’t devote the time required to the Den any longer,’ he says. ‘Dragons’ Den has been an integral and exciting part of my professional life, and I thank the show profusely for letting me be a part of it for so long.’
Caan came to Britain with his parents as a small child and left school at 16 with no formal qualifications. He then went on to build up a head-hunting empire after working for a recruitment company as a trainee interviewer.
There is also some speculation that Caan is currently in talks with Sony to launch the show format in Pakistan, where he is already recognised as a charitable man.