MSD Partners finalising Sunderland takeover | Sport | The Times | Anthony S Casey Singapore
September 19, 2019 by
The takeover of Sunderland could be completed this week after the three main purchasers registered a new company at Companies House on Monday.
John Phelan, Glenn Fuhrman and Robert Platek, the principals of MSD Partners, a private investment firm based in New York, have listed FPP Sunderland Limited and would become majority shareholders.
Stewart Donald, the League One team’s owner, will retain a stake in the club and he and Charlie Methven, the executive director, are expected to be given roles when the deal is finalised.
MSD Partners was formed in 2009 by MSD Capital, which manages the wealth of Michael Dell, the founder of Dell Technologies who is worth almost £30 billion and will be a passive minority investor in the club.
Sheffield United’s Saudi prince Abdullah promises to keep faith with manager Chris Wilder | Anthony S Casey Singapore
September 19, 2019 by
The Saudi prince who is set to become the sole owner of Sheffield United has promised that he will keep faith with the club’s manager Chris Wilder.
A High Court ruling in favour of Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud, a member of the Saudi royal family, means that he can buy out the other 50 per cent of the club from Kevin McCabe, the long-time owner, for only £5 million. The judge in the case said the club was now valued at about £100 million.
McCabe, 71, has claimed Wilder will be “confused” by the outcome of the court case and insisted he has the energy to appeal against the ruling.
High Court forces Sheffield United owner Kevin McCabe to sell 50% share to Saudi royal family | Anthony S Casey Singapore
September 17, 2019 by
Sheffield United’s long-time owner will have to sell his 50 per cent stake in the club — worth around £50 million — to a member of the Saudi royal family for just £5 million after losing a High Court battle.
The British businessman Kevin McCabe and his family, who controlled Sheffield United Ltd, fought a legal action against UTB LLC, a company controlled by Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud, a member of the Saudi royal family.
The judge, Mr Justice Fancourt, ruled the McCabe family will have to sell their half-share in the Premier League club to Prince Abdullah, who owns the other 50 per cent, for £5million, in line with a previous legal agreement. The £5 million does not cover the…
Why L.A. Dodgers Owner Todd Boehly Wants to Buy a Premier League Club | Anthony S Casey Singapore
September 10, 2019 by
Todd Boehly, 20% owner of the Los Angeles Dodgers, tells Bloomberg’s Erik Schatzker what he finds so appealing about the U.K.’s Premier League and discusses the chances of his buying one of its football clubs. (Source: Bloomberg)
See Full Article here : https://www.bloomberg.com/news/videos/2019-09-09/why-l-a-dodgers-owner-todd-boehly-wants-to-buy-a-premier-league-club-video
The Premier League players who could move before the transfer deadline | Sport | The Times | Anthony S Casey Singapore
September 3, 2019 by
Arsenal are close to offloading Henrikh Mkhitaryan on deadline day of the European transfer window but hopes are fading that Shkodran Mustafi will follow him out the door.
Mkhitaryan, 30, has arrived in Italy to try to complete a loan move to Roma,who will have an option to buy the attacking midfielder.
Mkhitaryan came on during Arsenal’s 2-2 draw with Tottenham Hotspuryesterday but has been unable to rediscover the form he showed playing for Borussia Dortmund between 2013 to 2016. He joined Arsenal for £27 million from Manchester United in a deal that sent Alexis Sánchez in the opposite direction in January 2018.
Mkhitaryan was Arsenal’s third-highest scorer with six Premier League goals last season but his chances of starting regularly have been affected.
See full article here : https://www.thetimes.co.uk/article/the-premier-league-players-who-could-move-before-the-transfer-deadline-sb6hphg88
