From Wiki: "During the 1980s Raleigh also supported British professional teams, including Raleigh Banana and Raleigh Weinmann. Raleigh's most notable riders were Paul Sherwin, Malcolm Elliott, Mark Bell, Paul Watson, Jon Clay and Jeff Williams"
Looks like what he has listed is an original team bike (which there were more than two built) and it looks as though Raleigh did the unthinkable and also sold a cheap hi-tensile steel replica version.
Have rarer team bikes than that one and don't think I could ever consider asking more than $4-5K let alone 40,000 pounds
Paul Sherwen is big into African diamonds maybe he can afford to buy it
GT's Spoken here. Current projects: 92 GT Team member RTS-1, NOS 94 GT Edge steel viewforum.php?f=49