List of All Articles with Tag 'tb'

SoftBank Corp will likely decide as early as Monday to raise up to 120 billion yen ($808.79 million)

Thailand’s baht may be poised for a rebound as analysts bet that growth measures announced by newly appointed

Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut

The United Auto Workers union will expand its strikes against automakers General Motors and Chrysler parent Stellantis, but

Daniel Levy has revealed for the first time he would be “open” to selling a stake in Tottenham if it was right for the club. Levy has been Spurs chairman since 2001 and runs affairs for majority shareholder ENIC, which owns 86.58 per cent of the club while the other 13.42 per cent of shares are held by around 30,000 individuals. The first half of 2023 proved tumultuous for Tottenham and as a result Levy faced several calls from supporters to leave his position, but the mood in N17 has been transformed following the June appointment of head coach Ange Postecoglou. If anyone wants to make serious propositions to the board of Tottenham, we will consider it along with our advisors. And if we felt it was in the interests of the club, we would be open to anything Daniel Levy Positivity is growing on the pitch but unrest off it remains bubbling under the surface with fans protesting before last month’s win over Manchester United due to the club’s decision to increase match day ticket prices for this season. Meanwhile, Joe Lewis – Tottenham owner until October when he ceased to be “a person with significant control” and the club shares were handed over to his family trust – was indicted on charges of insider trading in America in July. Takeover interest in Tottenham has grown since the club opened its 62,850-seater stadium in 2019 and earlier this year Levy met with Qatar Sports Investments chairman Nasser Al-Khelaifi to reportedly discuss QSI purchasing a minority stake, although this was denied by Spurs. During an interview with Bloomberg on Wednesday, Levy confirmed the club’s shareholders would be open to selling the club if a “serious proposition” was put forward. “I’ve got no real interest to leave Tottenham, but I have a duty to consider anything that anyone may want to propose,” Levy said. “It’s not about me, it’s about what’s right for the club. We have 30,000 shareholders who own approximately 13.5 per cent. We run this club as if it is a public company. “If anyone wants to make serious propositions to the board of Tottenham, we will consider it along with our advisors. And if we felt it was in the interests of the club, we would be open to anything.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Rupert Murdoch stepped down as the chairman of Fox Corp and News Corp on Thursday, ending a long

B.Grimm Group is considering selling a minority stake in its gas-fired power portfolio in Thailand that could be

Chinese electric vehicle frontrunner BYD has taken an early lead in Southeast Asia's small but fast-growing EV market,

"Monday Night Football" is back on ABC because of the ongoing strikes disrupting Hollywood.

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(Reuters) -SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of

Everton owner Farhad Moshiri has signed an agreement with 777 Partners for the American investment firm to acquire his controlling stake in the club. The Toffees, who are currently 18th in the Premier League table, have had Moshiri as a shareholder since 2016 and majority shareholder since 2018, with his stake accounting for 94.1 per cent. He said in a statement from the club: “The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. “The days of an owner/benefactor are seemingly out of reach for most and the biggest clubs are now typically owned by well-resourced PE firms, specialist sports investors or state backed companies and funds. “I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date. I have spoken to a number of parties and considered some strong potential opportunities. “However, it is through my lengthy discussions with 777 that I believe they are the best partners to take our great club forward, with all the benefits of their multi-club investment model. “As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton. Today is an important next step in the successful development of Everton and I look forward to closely following as our club goes from strength to strength. It is through my lengthy discussions with 777 that I believe they are the best partners to take our great club forward, with all the benefits of their multi-club investment model. Farhad Moshiri “Of course, none of this could have been achieved without the hard work of everyone at the club. From our team at the training ground, our commercial and support teams through to matchday employees, I extend my sincerest gratitude. “And to our fans, the last few years have been challenging but you have supported the club through it all and consistently been our 12th man. You are the best fans and deserve success.” Everton said closing of the transaction is expected to occur in the fourth quarter of 2023 and remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority. 777 currently own, or part own, Genoa, Standard Liege, Hertha Berlin, Vasco de Gama and Melbourne Victory and the London Lions basketball team and British Basketball League. The group had been in talks earlier this summer over a partial investment in Everton, only for rivals MSP Sports Capital to enter into an exclusivity agreement with Moshiri. With that agreement ending after that potential investment fell through over repayments to existing lenders – although a £100million loan to help finalise the completion of a new stadium at Bramley-Moore Dock was agreed – 777 re-entered the picture and are now set to make a full takeover. 777 founder and managing partner Josh Wander said: “We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values. “Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters. “As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.” Friday’s announcement means that Bill Kenwright’s tenure as Everton chairman – a role he has had for 19 years – is likely to come to an end. In June chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles and non-executive director and former striker Graeme Sharp departed the club in the wake of numerous supporter protests, but Kenwright, a target for fans’ anger, accepted Moshiri’s request to remain. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Callum Wilson extends Newcastle deal Warrington favourites ‘schooled’ in ‘frightening’ wheelchair rugby league clash Talking points as Wales face Portugal looking to secure another bonus-point win