Earlier this week, it was sadly reported that Paul the Prognosticating Octopus, whose powers of prediction blew those of UBS and other investment banks out of the water, had passed away. Now that he's dead, some people feel it necessary to dig up the past and make a mockery of his legacy. Starting with the fact that it was all a cheap trick.
Far from being a simple cephalopod that got lucky on a 256-1 chance of predicting eight two-option outcomes in a row (matches at the 2010 World Cup), it turns out Paul was / is a publicity stunt for a global entertainment conglomerate, the Merlin Entertainments Group (MEG)...Paul the Octopus, who provided colourful if inane fodder for umpteen news and broadcast organisations during the World Cup, especially those with no rights to any live action in South Africa, was also credited with predicting correct match results for Euro 2008 games. It should be stressed that, contrary to some reports, that was actually a different octopus, and that the different octopus got other results wrong, but such facts shouldn’t get in the way of a good story...Since [the summer Paul] has been relentlessly marketed as a brand to make cash.
And the sickest part? Is that one of the people he was making cash for was then turning around and using it to finance the murder of Paul's compadres and distant relatives.
The biggest single shareholders in MEG are Dubai International Capital and Blacktstone.
Revealed: The Truth Behind Paul The Octopus [Independent]