Exclusive-Codelco workers warn against job cuts, do not rule out strike -union head
By Fabian Cambero SANTIAGO Workers for Chile's Codelco will not rule out a strike if the state-owned copper
2023-10-26 18:21
Sanofi Taps Adviser for OTC Spinoff as Buyout Firms Circle
Sanofi is working with an adviser to start preparations for a planned separation of its consumer health division,
2023-11-16 16:17
China Holiday Data Show Slower-Than-Expected Economic Rebound
Spending and travel over China’s Golden Week holiday undershot official expectations for growth, adding pressure on policymakers to
2023-10-09 09:46
Alabama Barker's makeup brand collaboration slammed, fans accuse Travis' daughter of promoting products she doesn't use
Alabama Barker promoted IPSY makeup products on her social media and claimed to have created her look with the products
2023-06-24 11:50
US congressional panel probes FTC regulation of vision care insurance
By Kanishka Singh WASHINGTON The U.S. House of Representatives Oversight Committee said on Tuesday it has opened a
2023-08-09 06:18
Leeds announce EFL approval of the club’s takeover by 49ers Enterprises
Leeds have announced the EFL has approved the club’s takeover by American investment group 49ers Enterprises. Chairman and majority shareholder Andrea Radrizzani agreed to sell his controlling stake last month and the deal, which valued the club at around £170million, has now been confirmed. 49ers Enterprises, which owns NFL franchise the San Francisco 49ers, has steadily increased its stake in Leeds since becoming a minority shareholder in 2018, while the deal includes full ownership of Elland Road. Paraag Marathe, previously vice-chairman, will take over as chairman, chief executive Angus Kinnear will remain in his current position and Rudy Cline-Thomas, founder and managing partner of venture capital firm MASTRY, will join the board as co-owner and vice-chairman. Former Norwich boss Daniel Farke was appointed manager on a four-year deal earlier this month ahead of the coming season’s bid to secure an immediate return to the Premier League following relegation in May. Marathe said in a Leeds statement: “This is an important moment for Leeds United and we are already hard at work. “This transition is a necessary reset to chart a new course for the club. We have already appointed a highly-respected first-team manager with a track record of success, and we are confident Leeds will field a competitive squad to contend for promotion next season. “It’s a privilege to carry this torch as I know we have a responsibility to ensure this club makes our staff, players, supporters and the Leeds and Yorkshire communities proud.” This is an important moment for Leeds United and we are already hard at work. New Leeds chairman Paraag Marathe Cline-Thomas said: “With my family hailing from Leeds, it’s an honour to be able to uplift this incredible community. “This is more than just an opportunity, it’s a personal mission. The chance to reinvigorate the cherished Leeds culture, to create a platform that attracts the world’s finest players, and build a truly global brand that celebrates diversity, is a prospect that thrills me.” 49ers Enterprises increased its stake in Leeds to 44 per cent in 2021 with the option of buying Radrizzani’s remaining 56 per cent before January 2024. The Americans had been keen to push through a full takeover this summer, but that agreement, which had valued Leeds at around £400million, was contingent on the club remaining in the Premier League. Leeds’ relegation forced both parties back into intense negotiations and a valuation of close to £170m was agreed. The deal marks the end of a six-year ownership of Leeds for Radrizzani, who said: “It has been an honour to guide Leeds United…and to spend so much time with the best fan base in the world. “49ers Enterprises have been fantastic partners for years and I’m confident they will take Leeds to the next level.” Radrizzani completed a full takeover from fellow Italian Massimo Cellino in 2017 and was initially hugely popular. He bought back Elland Road stadium, which had been in private ownership since 2004, and brought in fresh investment when 49ers Enterprises purchased its first 10 per cent stake in 2018. The appointment of Marcelo Bielsa soon after proved a masterstroke as Leeds won promotion back to the Premier League for the first time in 16 years. But Radrizzani’s relationship with the Leeds fan base began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve under three different managers. Jesse Marsch and Javi Gracia were both sacked, while Sam Allardyce left after his four-game rescue mission ended in failure. 49ers Enterprises have been fantastic partners for years and I'm confident they will take Leeds to the next level. Andrea Radrizzani When relegation was confirmed with a final-day defeat to Tottenham, Radrizzani was absent from Elland Road, opting instead to remain in Italy to finalise his takeover of Sampdoria. He later admitted Leeds’ board had made mistakes and apologised for the club’s relegation in a personal statement posted on social media. But after it emerged he had offered to use Elland Road as collateral when securing a £26m bank loan to buy Sampdoria – one of his companies and not Leeds owned the stadium – his legacy was further tainted. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Hannah Dingley’s interim spell to end as David Horseman named Forest Green boss Mikel Arteta believes ‘lighthouse’ Declan Rice can take Arsenal to next level Marcus Rashford set to sign new five-year deal at Manchester United
2023-07-18 06:24
Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible
Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether
2023-06-13 15:29
Panel to Discuss If There’s a Successor for Credit Suisse’s CDS
The panel that oversees the credit-default swap market, the Credit Derivatives Determinations Committees, will discuss whether there’s a
2023-06-12 20:52
The iPad Air is on sale for its lowest price ever just in time for back to school
Save $99.01: You can grab the iPad Air for just $499.99 at Amazon, Best Buy,
2023-08-08 01:23
US SEC proposes plan to bolster clearing houses' resiliency
By John McCrank NEW YORK The U.S. Securities and Exchange Commission on Wednesday voted to propose a plan
2023-05-18 02:29
US producer prices accelerate in August on gasoline
WASHINGTON U.S. producer prices increased by the most in more than a year in August as the cost
2023-09-14 21:57
Why allowing Ukraine to ship grain during Russia's war matters to the world
Agreements that the United Nations and Turkey brokered with Ukraine and Russia to allow food and fertilizer to get from the warring nations to parts of the world where millions are going hungry have eased concerns over global food security
2023-07-15 14:46
You Might Like...
Factbox-Greenwashing cases against airlines in Europe, US
Pine Valley Golf Club Pays $100,000 to Settle NJ Suit Over Excluding Women
Kingspan in Advanced Talks to Buy Majority Steico Stake
JPMorgan expects Turkey central bank to lift rates to 25% on June 22
Roubini Warns US-China Cold War Risks Worsening After G-7 Summit
A Night Train Through Europe’s Heart Has a Lot Riding On It
Forbes names Cintas among America’s Best-in-State Employers
Worst May Be Over for Thai Baht as Srettha Prioritizes Economy
