List of All Articles with Tag 'person'

A person with knowledge of the sale tells The Associated Press the Qatar Investment Authority is buying a roughly 5% stake of Monumental Sports & Entertainment as part of a $4.05 billion deal

The French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans

Chelsea’s owners BlueCo have agreed to buy a stake in Ligue 1 club Strasbourg to take a significant step forwards in their plans for multi-club ownership. The consortium, which purchased the Premier League club in May last year, are become new shareholders “subject to a consultation process with the relevant employee representative bodies”. A statement said: “The shareholders of Racing Club de Strasbourg Alsace today announced an agreement with BlueCo, the consortium which purchased Chelsea FC in May 2022. “The agreement would mark a new chapter in Racing’s history as the ownership consortium commits to accelerate sustainable investment in the club’s growth, including in the first teams and in the Academy, in continuity with the project implemented by Marc Keller, who would remain president of the club, supported by his current management team. “Through its involvement and recognised expertise in sport, BlueCo plans to make an active contribution to the development of the model implemented by Marc Keller, first, financially, by providing capital that will enable investment in the men’s and women’s first teams, the Academy and across the club. “It also plans to provide Racing access to broad resources and collaboration. Racing’s teams would be able to exchange advice and expertise with Chelsea and the other teams which the owners are involved with. “In accordance with Professional Football League regulations, the project was presented today to the Direction Nationale du Contrôle de Gestion (DNCG), whose assessment is expected in the coming weeks.” This strategic investment would further our presence in European football, alongside our ownership of Chelsea. BlueCo BlueCo believe the “strategic investment” would enhance their presence in European football. A statement said: “It is an honour for us to be part of this historic club. We are committed to preserving the heritage of Racing and are focused on working closely with Marc and his management team to continue the excellent work they have been doing. “This strategic investment would further our presence in European football, alongside our ownership of Chelsea. We believe it would create huge opportunities to share knowledge and expertise.” Former France international Keller, who had spells as a player with English sides West Ham, Portsmouth and Blackburn, became Racing’s president in June 2012 with the club in serious danger of liquidation. It has since returned to Ligue 1 and established itself as a fixture, and played in the Europa League in 2019-20 after winning the League Cup. Keller said: “The aim is to enable Racing to be even more ambitious and competitive in a football world that has changed considerably, particularly with the massive arrival of foreign investors in many French clubs and the evolution of Ligue 1 from 20 to 18 clubs. “The arrival of the consortium should enable us to take this step forward.” The news was confirmed as Chelsea found themselves thrust into the spotlight as a series of players, led by World Cup winner N’Golo Kante, prepare to leave the club for the riches of Saudi Arabia amid speculation that the clear-out could ease their Financial Fair Play worries. The Blues, under chairman Todd Boehly, have invested in excess of £650million in new signings since the takeover was completed.

Copper-rich Zambia, the first African country to default on its debt during the Covid pandemic, on Thursday secured a deal from creditors to restructure its debt at...

TikTok's chief operating officer Vanessa Pappas is leaving the company, according to an internal memo obtained by CNN, after spending several tumultuous years as its top public advocate and a champion of TikTok creators in the face of accusations the platform poses a national security risk.

Chelsea owners invest in Ligue 1 club Strasbourg.

Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment...

China says it has registered a formal protest over President Joe Biden's description of China's leader as a dictator

The International Monetary Fund confirmed rich countries have channeled $100 billion to finance lending for the world’s poorest

A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to...

The Polish Securities Commission is investigating potential insider trading in the shares of utility EC Bedzin SA after

Federal Reserve Chair Jerome Powell said returning US inflation to 2% is crucial to support the long-term health