Chelsea takeover imminent after final agreement reached

Chelsea takeover imminent after final agreement reached
Former Chelsea owner Roman Abramovich. (File/AP)
Short Url
Updated 28 May 2022

Chelsea takeover imminent after final agreement reached

Chelsea takeover imminent after final agreement reached
  • The club said Saturday that “a final and definitive agreement was entered into last night” to sell to the Boehly and Clearlake Capital consortium
  • The price is 2.5 billion pounds ($3.2 billion) — the highest ever for a sports team

LONDON: The sale of Premier League club Chelsea is expected to be completed Monday after a “final and definitive” agreement was reached with the consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.
The club said Saturday that “a final and definitive agreement was entered into last night” to sell to the Boehly and Clearlake Capital consortium. The price is 2.5 billion pounds ($3.2 billion) — the highest ever for a sports team.
“It is expected that the transaction will be completed on Monday,” the club said.
The announcement followed a series of approvals allowing Roman Abramovich to sell after he was sanctioned over his links to Russian President Vladimir Putin after the invasion of Ukraine.
Abramovich has owned the club for 19 years.
The British government, which had sanctioned Abramovich, approved the sale this week after ensuring that the Russian oligarch could not profit from it. The Premier League had earlier given its approval.
Chelsea have been operating under a government license since Abramovich’s assets were frozen in March and it expires Tuesday.
“It has been an honor of a lifetime to be a part of this club,” Abramovich said in a statement posted on Chelsea’s website.
“My goal has been to ensure that the next owner has a mindset that will enable success for the men’s and women’s team, as well as the will and drive to continue developing other key aspects of the club, such as the academy and the vital work of Chelsea Foundation,” he added.
The men’s team have won 21 trophies during Abramovich’s ownership. Chelsea fans have become accustomed to lavish spending under Abramovich, with more than $1 billion net spending on players.
Boehly’s group was chosen earlier this month after pledging to invest 1.75 billion pounds ($2.2 billion) in the teams and infrastructure.
The consortium also features Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss, and funding from private equity firm Clearlake.
“I am pleased this search has now come to a successful conclusion,” Abramovich said. “As I hand over Chelsea to its new custodians, I would like to wish them the best of success, both on and off the pitch.”


Qatar says World Cup fans seeking rooms have ‘a lot of options’

Qatar says World Cup fans seeking rooms have ‘a lot of options’
Updated 22 sec ago

Qatar says World Cup fans seeking rooms have ‘a lot of options’

Qatar says World Cup fans seeking rooms have ‘a lot of options’
DOHA: Qatar said on Tuesday that World Cup fans have “a lot of options” with more than 100,000 rooms currently available and tens of thousands more expected by the tournament’s kickoff.
Some football supporters have expressed concern that they have been unable to find accommodation in line with their budget for the World Cup, which runs from November 21 to December 18.
Prices range from 300 Qatari rials (just over $80) to several thousand dollars per night.
Qatar has so far taken more than 25,000 bookings, said Omar Al-Jaber, the official in charge of accommodation for the tournament’s organizing committee, specifying that he was taking about “bookings, not rooms or nights.”
“If you go through our website, you will find a lot of options,” he told reporters on a tour of an available apartment in Doha.
“And if you don’t find it today, you need to check tomorrow or after tomorrow... because... we add more inventory to this portal.
“More than 100,000 rooms (are) available as of today,” he said. “If we go to November, maybe we’ll reach more than 130,000 rooms or 140,000 rooms.”
Supporters normally find accommodation themselves for such tournaments.
But Qatar — set to host the most geographically concentrated World Cup in history and with limited hotel capacity — is seeking to channel supporters through an official platform that is reserved for ticket holders and managed by the tournament’s organizers.
Eighty-five percent of accommodation — whether permanent or temporary — is now complete and the remainder will be finished by a “deadline” of end-August, according to Jaber.
The country will be closed to visitors without match tickets during the course of the tournament, Jaber said.
As of Tuesday, the US, Mexico, United Kingdom, Argentina and India accounted for some of the biggest sources of reservations.

New European soccer clubs’ group gives voice to less wealthy

New European soccer clubs’ group gives voice to less wealthy
Updated 16 min 37 sec ago

New European soccer clubs’ group gives voice to less wealthy

New European soccer clubs’ group gives voice to less wealthy
  • The Union of European Clubs is being created after an intense 18 months of debate and decisions on reforming UEFA competitions
  • The UEC shapes as an alternative to the European Club Association that has key influence with UEFA

GENEVA: A new group for European clubs feeling isolated in soccer politics dominated by wealthy rivals was announced Wednesday.
The Union of European Clubs is being created after an intense 18 months of debate and decisions on reforming UEFA competitions like the Champions League plus the failed Super League project that rocked the industry.
“It will be a game-changer,” law academic Katarina Pijetlovic said, revealing the new association at the Play The Game sports integrity conference in Odense, Denmark.
Set up to represent community-driven and middle- to lower-ranked clubs, the UEC shapes as an alternative to the European Club Association that has key influence with UEFA.
The goals of so-called middle-class clubs were aired by Eintracht Frankfurt leaders during the German club’s push to win the Europa League in May as UEFA finalized post-2024 revamps of club competition formats and entry paths. An unfinished debate is how to share out billions of euros (dollars) in broadcast and sponsor money among clubs across Europe.
“It is the organization that aims to gather all the clubs that for one or another reasons feel their interests are not adequately represented at European level by ECA, or that they are not represented at all,” Pijetlovic said.
The ECA has about 250 full and associate members who qualified for recent UEFA competitions but has typically been controlled by a select few storied clubs.
A group of 12 of the ECA’s then-leaders last year plotted the Super League as a direct rival to UEFA and the Champions League.
Though the breakaway collapsed within days — amid a fierce backlash from fans, governments and soccer pundits — the European Court of Justice in Luxembourg has a July 11-12 hearing that will challenge UEFA’s authority. That case is being driven by Real Madrid, Barcelona and Juventus.
“Just because clubs are richer it shouldn’t give them more say in governance,” Pijetlovic said Wednesday.
Officials involved in the new union have spoken to about 100 potential member clubs in all levels of European soccer leagues, said Pijetlovic, a lecturer at Manchester Metropolitan University in England.
Its aims include helping clubs and leagues be more professionally run and improve sporting and financial competitiveness, she said.


NEOM’S ENOWA boosting Extreme E with green hydrogen power

NEOM’S ENOWA boosting Extreme E with green hydrogen power
Updated 29 June 2022

NEOM’S ENOWA boosting Extreme E with green hydrogen power

NEOM’S ENOWA boosting Extreme E with green hydrogen power
  • Partnership comes after megacity named title partner of McLaren Formula E, Extreme E racing teams
  • Saudi Arabia has hosted the Extreme E season-opening Desert X Prix for the last two years

Extreme E has announced a multi-year relationship with ENOWA, NEOM’s energy, water and hydrogen subsidiary, to introduce green hydrogen power to the sustainable all-electric racing series.

Saudi Arabia has hosted the Extreme E season-opening Desert X Prix for the last two years.

The announcement comes just days after NEOM, a sustainable region in northwest Saudi Arabia being built from the ground up, was revealed as the title partner of the McLaren Formula E and Extreme E racing teams under the banner of “NEOM McLaren Electric Racing.”

Alejandro Agag, founder and CEO of Extreme E, said: “We are delighted to have ENOWA on board as our official Green Hydrogen Power Partner. We have collaborated with NEOM for some time, particularly in delivering a hugely successful first Desert X Prix of Season Two; this partnership with ENOWA marks a further step in our mission for a more sustainable future.

“The work undertaken by ENOWA is extremely ambitious and an exciting prospect. NEOM, much like ourselves, pushes the boundaries of environmental sustainability and we are delighted to be partnering with ENOWA to go even further in our objective to raise awareness of the climate crisis.

“ENOWA plans to lead the development of world-class sustainable energy water and hydrogen systems which I am sure will become a reference point in the future, and our series will also benefit from this greater focus on technology and innovation.”

Extreme E has become a leader in introducing sustainability in motorsports and green hydrogen is widely seen as the most promising energy carrier for the future in the fight against climate change. The technology supports the transportation of renewable energy over long distances and could spur the decarbonization of major industries and infrastructure.

By partnering, Extreme E and ENOWA aim to implement innovative green hydrogen-based technologies to not only power the championship toward a 100 percent “leave no trace” ambition, but also to showcase the opportunities offered by the technology.

ENOWA will play an active part on the scientific advisory board of Extreme E and together the partners will look to develop educational programs covering climate positive solutions aimed at younger generations.

Commenting on the relationship, Peter Terium, ENOWA CEO, said: “Business decisions in NEOM have sustainability at their core, which is why we are delighted to partner with Extreme E. Our partnership is aimed toward both creating visibility to the most urgent problems the planet is facing, but at the same time demonstrating solutions that deliver meaningful impact.

“Together we can accelerate innovations in clean technologies powered by green hydrogen, contributing to hydrogen mobility markets and the future of global decarbonization.”

NEOM is the first to produce green hydrogen at scale, paving the way for the growth of the hydrogen economy globally. Due to the abundance of solar, wind and water resources in NEOM, ENOWA and partners will provide large quantities of green hydrogen that many industries can use. ENOWA benefits from NEOM’s greenfield site — which has no legacy infrastructure — to advance energy, water, and hydrogen innovation while providing sustainable fuels like green hydrogen to international users. It shares an ethos with Extreme E in its demands for a greater sustainability focus.

At the Season Two opener of Extreme E in NEOM in February 2022, the series revealed its plans to launch an off-road hydrogen championship in 2024. Named Extreme H, the championship will sit alongside Extreme E, its existing electric racing series, and will be a world first for motorsport — further reiterating the commitment to showcasing the possibilities of new, sustainable technologies in the race to fight climate change.

Development for the Extreme H vehicle is already underway, with the aim being the launch of a prototype in early 2023.


Last World Cup tickets to go on sale next week: FIFA

Last World Cup tickets to go on sale next week: FIFA
Updated 29 June 2022

Last World Cup tickets to go on sale next week: FIFA

Last World Cup tickets to go on sale next week: FIFA
  • About 1.8 million tickets sold so far
  • Tickets to go on sale online from July 5 until August 16

DOHA: The remaining tickets for this year’s World Cup in Qatar will be available on a first-come, first-served basis from next week, FIFA said on Wednesday.
About 1.8 million tickets were sold in the first two batches of sales, FIFA said, without saying how many are now available.
Qatar will host the first World Cup in the Middle East from November 21 to December 18 at eight stadiums in and around the capital, Doha.
The latest tickets will go on sale online from July 5 at 12pm Doha time (0900 GMT) until 12pm on August 16, FIFA said in a press release.
“Huge worldwide interest is anticipated in the new sales period,” the world body said.
Officials said three million tickets are available in total, including those allocated to sponsors.
Last week, the World Cup’s chief organizer Hassan Al-Thawadi said 1.2 million tickets had been sold so far.
FIFA president Gianni Infantino said there were five million ticket requests just for the final at the 80,000-seat Lusail stadium.
Doha, with a population of about 2.4 million and limited accommodation, is bracing itself for a huge influx of visitors for the 32-team tournament.
Last month, Qatar announced scores of daily shuttle flights from neighboring Gulf countries, allowing fans to stay elsewhere and fly in to watch games.


World’s media hail Al-Hilal’s 18th Saudi Pro League title triumph

World’s media hail Al-Hilal’s 18th Saudi Pro League title triumph
Al-Hilal's Argentine coach Ramon Diaz (third from left) celebrates winning the Saudi Pro League title. (Arriyadiyah)
Updated 29 June 2022

World’s media hail Al-Hilal’s 18th Saudi Pro League title triumph

World’s media hail Al-Hilal’s 18th Saudi Pro League title triumph
  • Outlets in Argentina, Brazil, Nigeria and other international networks celebrate third consecutive trophy for the reigning Asian champions

The world’s media has hailed Al-Hilal’s record-extending 18th Saudi Pro League title after Ramon Diaz’s team defeated Al-Faisaly 2-1 at King Fahd International Stadium on Monday night.

The victory secured a third consecutive domestic title for the reigning Asian champions, finishing two points clear of long-time league leaders Al-Ittihad.

Argentina’s El Grafico highlighted the achievement of compatriot Diaz and several other South American players in Al-Hilal’s ranks, including Matheus Pereira (Brazil), Gustavo Cuellar (Colombia) and Andre Carrillo (Peru). Also, ESPN’s Spanish-language Twitter account posted a photo of the champions with the caption “It’s Ramon’s team.”

Nigerian outlet Sports Brief meanwhile celebrated the role of forward Odion Ighalo who’s double confirmed the title on Monday, and who also bagged the SPL’s Golden Boot for top scorer with 24 goals this season.

Brazilian network TNT congratulated former Flamengo forward Michael Delgado for his contribution to the championship win, while online website Soccernet ran with the headline “Ex-Manchester United star Ighalo leads Al-Hilal to league triumph.”