Qadaffi almost bought Man United — reports

Libyan leader Muammar Qaddafi stands outside a tent erected at his Bab Al-Aziziya residence in Tripoli on April 10, 2011 during a meeting with a high-ranking African Union delegation trying to negotiate a truce between Qaddafi’s forces and rebels seeking to oust him. (AFP)
Updated 28 January 2018

Qadaffi almost bought Man United — reports

LONDON: Manchester United was “hours away” from being bought in 2004 by Libyan ex-leader Col. Qadaffi, according to a report in The Sunday Times.
The deal for a 29.9 percent stake in the club — being sold by Irish racing businessmen John Magnier and JP McManus — was within “hours” of being finalized, but the vendors and Qadaffi could not agree a price.
The share in Manchester United came up for sale after Magnier and McManus fell out with team manager Alex Ferguson over ownership of the horse Rock of Gibraltar. Financier Mehmet Dalman was put in charge of selling the share, which would have made any new owner the effective controller of the world-famous football club.
Dalman told The Sunday Times that he flew to Tripoli by “borrowed private jet” to try to complete the sale to Qadaffi. He said: “The deal was “hours” from being signed, but in the end Qadaffi would not pay the asking price, so instead he bought the Perugia football team in Italy.
Qadaffi was killed in 2011 following the overthrow of his regime.


Trump to host next year's G7 summit at his Florida golf resort, White House says

Updated 7 min 11 sec ago

Trump to host next year's G7 summit at his Florida golf resort, White House says

  • Mulvaney told reporters the summit would take place at Doral on 2020, and that the administration selected Trump's resort
  • "Doral was by far and away the best physical facility for this meeting," he said at a news briefing

WASHINGTON: U.S. President Donald Trump will host next year's Group of Seven economic summit of developed world leaders at one of his own properties, the Trump National Doral golf resort near Miami, a White House official said on Thursday.
White House acting chief of staff Mick Mulvaney said Trump would not profit from use of the property and defended the decision, which comes as the president faces ongoing criticism and congressional investigations over his finances and potential conflicts-of-interest.
Mulvaney told reporters the summit would take place at Doral on June 10-12, 2020, and that the administration selected Trump's resort after initially looking at about 12 potential locations in various other U.S. states.
"Doral was by far and away the best physical facility for this meeting," he said at a news briefing. "It's almost like they built this facility to host this event."
Mulvaney said the event would be "at cost" and that using the Trump site would save millions of dollars and was cheaper than the other potential sites.
Trump has repeatedly attacked Joe Biden, a leading Democratic presidential candidate and former vice-president, over his son's business ties in Ukraine and China, which Trump has repeatedly called corrupt, without evidence.
Asked how the president's use of his private business properties to host official government events differed from Trump's allegations against the Bidens, Mulvaney told reporters there would be no profit and said the family had made their money before Trump became president in January 2017.
Trump has said he is not involved with the day-to-day operations of his private company and that his sons run the business.