List of All Articles with Tag 'tb'

Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme. “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers. “That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. “That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.

Thailand’s cabinet approved an additional public holiday on July 31 to set a six-day break for most workers

China's top leadership has vowed to do more to support a "tortuous" economic recovery, which has lost steam after an initial burst of activity early in the year.

By Zaheer Kachwala and Krystal Hu (Reuters) -SoftBank Group is forming a joint venture with warehouse automation company Symbotic to

BEIJING China will step up macroeconomic policy adjustments and focus on expanding domestic demand, the Politburo, a top

Manchester United are in advanced talks with Atalanta over a deal for Rasmus Hojlund, with the Premier League club negotiating how much of the fee will be made up of add-ons. United are getting closer to an agreement for the No 9, and initial expectations that the price could be as high as £80million have been tempered. There is now hope that a deal can be struck for around £60m. That would bring a successful summer of recruitment in under budget and compliant with Financial Fair Play, with sales potentially allowing the purchase of Fiorentina’s Sofyan Amrabat in midfield. Contact has already been made there, and the basics of a deal have been set up. United are now much more advanced in their talks with Hojlund, 20, who has agreed personal terms and is excited about the prospect of going to Old Trafford this summer. That does not necessarily mean the signing will be imminent, however, as the nature of negotiations over intricacies and terms is expected to take time. There is nevertheless an increasing confidence that the move will be completed. Should it happen, Denmark international Hojlund would represent the first major striker to move this summer, in what is seen as the most competitive market of all. Read More More than ever, Man Utd must prove they are a ‘selling club’ Carey pays for haircut and Broad is sledged – Tuesday’s sporting social Marcus Rashford signs new five-year deal at Manchester United

TOKYO SoftBank Group has resumed investment in new AI companies, investing $65 million in British firm Tractable, an

LONDON From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation

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

China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a

A kilo of tomatoes now costs more than a litre of petrol in the country. Here's why.

JPMorgan Chase & Co. is looking to sell a loan backed by Manhattan’s HSBC Tower as banks face