Connect with us

Sports

Newcastle takeover will get green light with Premier League chiefs set to approve £300m Saudi buyout

Published

on

NEWCASTLE’S £300million takeover is done.

The Premier League will give the green light for Amanda Staveley’s Saudi-backed consortium to take control of the St James’ Park club — when the transfer of funds are sorted.

 Newcastle are on the brink of being taken over by Amanda Staveley's consortium, who are backed by Saudi Arabia

3

Newcastle are on the brink of being taken over by Amanda Staveley’s consortium, who are backed by Saudi ArabiaCredit: Getty Images – Getty
 Toon fans could be poised to get their wish and finally see the back of owner Mike Ashley

3

Toon fans could be poised to get their wish and finally see the back of owner Mike AshleyCredit: PA:Press Association

There had been a delay while authorities work on Project Restart as they try to get the game up and running amid the Covid-19 crisis.

SunSport understands the League’s owners and directors test found no barrier to the takeover.

Financier Staveley, who is fronting the bid, is expecting official word next week.

Then once the funds and paperwork are sorted an announcement will be made on or around June 1.

Newcastle fans want current owner Mike Ashley out after a 13-year reign that saw Toon twice relegated to the Championship.

‘IN THE DARK’

They blame Ashley’s lack of investment — with top players sold while St James’ Park and the club training ground have also been allowed to decay.

Now the financial might of the Saudi Arabian Public Investment Fund, and billionaire British businessmen the Reuben brothers, is coming to the rescue with a target of challenging for honours.

Boss Steve Bruce said yesterday he was “in the dark” over the bid but feels he can emulate Kevin Keegan and Sir Bobby Robson by turning Newcastle into a Champions League outfit again.

Mauricio Pochettino and Rafa Benitez are both mooted as replacements but Bruce said: “If it’s good for Newcastle — and the club are going to try to compete with these teams — to be part of it would be great.

“I’d back myself, of course I would.”

Newcastle loanee Danny Rose said players are being treated like “lab rats” during Project Restart and Bruce added: “He could be less harsh with comments but he’s entitled to his opinion.

“If a player or staff, and had reservations, you have to respect them.”

 Saudi Crown Prince Mohammed bin Salman is behind a consortium on the brink of taking over Newcastle

3

Saudi Crown Prince Mohammed bin Salman is behind a consortium on the brink of taking over NewcastleCredit: AP:Associated Press
Sam Allardyce says Newcastle takeover is going to be ‘very difficult’ for Steve Bruce and compares the situation to his own sacking by new owner Mike Ashley in 2008

Source: The Sun

Sports

Inside Mohammed Bin Salman’s luxury £230m chateau – ‘world’s most expensive house’ – with a Bond-style aquarium

Published

on

By

CROWN Prince of Saudi Arabia Mohammed Bin Salman is closer than ever to buying Newcastle United after having a bid accepted by owner Mike Ashley.

The Sun has exclusively revealed that the Premier League are ready to give the £300m takeover the all clear with an announcement expected around June 1.

 The Crown Prince of Saudi Arabia Bin Salman bought this French Chateau for £230m
The Crown Prince of Saudi Arabia Bin Salman bought this French Chateau for £230mCredit: Reuters
 The most incredible feature is its meditation room that features an aquarium
The most incredible feature is its meditation room that features an aquariumCredit: � Magali Delporte / eyevine.
 The Chateau Louis XIV is the world's most expensive home
The Chateau Louis XIV is the world’s most expensive homeCredit: Reuters

Incredibly though, that figure is only £70m more than he paid for the world’s most expensive house.

Back in 2015, the billionaire, who failed in a bid to buy Manchester United, splashed £230m on this stunning 50,000 sq ft French chateau.

Chateau Louis XIV is modelled on 17th-century French castles, but was built between 2008-11 in Louveciennes, near Versailles.

Before the 34-year-old prince bought the palace, Kim Kardashian once considered it as a venue for her wedding to Kanye West.

Join SunSport in marvelling at Bin Salman’s luxury abode – that features an astonishing aquarium.

KEEPING IT QUIET

When Bin Salman purchased the Chateau Louis XIV – he didn’t want anyone to know about it.

He carefully concealed his ownership by using shell companies in France and Luxembourg.

But after further investigation it turned out those companies are under the Eight Investment Company umbrella – a Saudi firm that’s managed by the head of prince’s personal foundation.

Emad Khashoggi, the nephew of billionaire arms dealer Adnan Khashoggi, developed the property – bulldozing the original 19th century castle and rebuilding it with 21st century amenities.

In fact, it is so hi-tech – fountains, sound systems, the lights, and air conditioning are all controlled by iPhone.

 Gold is a common theme throughout the lavish palace
Gold is a common theme throughout the lavish palaceCredit: � Magali Delporte / eyevine.
 The grounds span 57 acres
The grounds span 57 acresCredit: PA:Press Association
 The wine cellar can store up to 3,000 bottles
The wine cellar can store up to 3,000 bottlesCredit: � Magali Delporte / eyevine.
 There are two swimming pools at the property, one indoors, one out
There are two swimming pools at the property, one indoors, one outCredit: � Magali Delporte / eyevine.
 Fancy expensive art decorates the walls
Fancy expensive art decorates the wallsCredit: � Magali Delporte / eyevine.
 Bin Salman also has his own nightclub, should he wish to entertain guests
Bin Salman also has his own nightclub, should he wish to entertain guestsCredit: � Magali Delporte / eyevine.

THE SPECS

The most incredible feature of Chateau Louis XIV is its meditation room, or chilling room inside the castle’s moat.

It features a transparent underwater chamber, something you might see in a James bond film, that has sturgeon and koi swimming around.

Other lavish features include a statue of Louis XIV made of expensive Carrara marble overlooking the 57-acre grounds.

In terms of comfort, there are 10 bedroom suites, a huge reception room with a 52ft-high painted dome ceiling, a library, as well as a wine cellar that can store up to 3,000 bottles – enough to toast success with Newcastle.

It also has indoor and outdoor pools, a private cinema, a squash court, two ballrooms, and a nightclub.

 Kim Kardashian came to inspect the palace in 2014 as a potential wedding venue
Kim Kardashian came to inspect the palace in 2014 as a potential wedding venueCredit: 2014 Marc Piasecki
 No expense was spared designing the palace from scratch
No expense was spared designing the palace from scratchCredit: � Magali Delporte / eyevine.
 The staircases feature gold leaf
The staircases feature gold leafCredit: � Magali Delporte / eyevine.
 The indoor swimming pool is in the basement
The indoor swimming pool is in the basementCredit: � Magali Delporte / eyevine.
 Fountains are operated through an app on an iPhone
Fountains are operated through an app on an iPhoneCredit: 2014 Marc Piasecki

HEY BIG SPENDER

In 2015, Bin Salman threatened to go over his limit on his American Express Centurion Card.

He spent £452m on a 440 ft super-yacht – bought from a Russian tycoon after being wowed by it while on holiday France.

Feeling that it looked a bit bare and needed some decorating, he then acquired Leonardo Da Vinci’s £350m Salvator Mundi masterpiece and is believed to have installed the painting on the mega boat.

However, it is the Chateau Louis XIV that required the most fuss.

Town officials who worked with designer Khashoggi revealed it became an obsession – likening construction to the building of the Palace of the Versailles.

 Chateau Louis XIV was one of three extravagant purchases by Bin Salman
Chateau Louis XIV was one of three extravagant purchases by Bin SalmanCredit: AFP – Getty
 Emad Khashoggi, the nephew of billionaire arms dealer Adnan Khashoggi, developed the home
Emad Khashoggi, the nephew of billionaire arms dealer Adnan Khashoggi, developed the homeCredit: AP:Associated Press
 Like its inspiration the Palace of Versailles, all aspects of its design are over the top and of the highest quality
Like its inspiration the Palace of Versailles, all aspects of its design are over the top and of the highest qualityCredit: � Magali Delporte / eyevine.

“Khashoggi said it was the dream of his life to make a thing like that,” former Louveciennes deputy mayor Marianne Merlino told the NY Times.

“Like in Versailles, that was way over the top too, and like Louis XIV, he achieved something really quite incredible.”

And judging by these pictures, you can’t argue with that.

Mohammed bin Salman vs The Glazers – Saudi Prince’s wealth dwarfs that of the Man Utd owners – and they both have links to Donald Trump

Source: The Sun

Continue Reading

Sports

Football chiefs to meet to help provide support to seven secretly gay football players

Published

on

By

A CAMPAIGNER will meet with football chiefs to help them provide support to seven secretly gay players.

Amal Fashanu ­— niece of gay footballer Justin Fashanu — will meet with the Professional Footballers’ Association.

 Amal Fashanu ­— niece of gay footballer Justin Fashanu — will meet with football chiefs to help them provide support to seven secretly gay players

1

Amal Fashanu ­— niece of gay footballer Justin Fashanu — will meet with football chiefs to help them provide support to seven secretly gay players

She is battling to put an end to homophobia in the game.

Her uncle Justin killed himself in 1998 after becoming the first professional player to come out.

Amal said: “For a long time the game has been ignoring the issue, but at long last this appears to be changing.

The PFA has contacted me and made it clear they want to help address the issue.

“They are worried about any player who is suffering in silence.

“They want to do all they can to make sure any player who wants to make that step is supported.”

Two players Amal is supporting are Premier League stars who don’t feel able to go public, fearing a backlash from fans.

Her dad, ex-Wimbledon striker John, is supporting her efforts.

He paid his brother Justin to keep quiet about his sexuality, a decision which he publicly said he has regretted “every day”.

John Fashanu had to be pulled off a fellow Celebrity SAS: Who Dares Wins contestant Locksmith after he started choking him



Source: The Sun

Continue Reading

Sports

FA bosses investigate High Court claims Gareth Barry secretly paid £800,000 for stake in Swindon

Published

on

By

FA bosses are examining evidence after the High Court heard West Brom star Gareth Barry paid £800,000 for a stake in Swindon seven years ago.

The FA reacted swiftly to yesterday’s SunSport story and vowed to “consider its outcome”.

 Gareth Barry has said he lent the money to his friend and agent Michael Standing, and did not himself invest in Swindon

4

Gareth Barry has said he lent the money to his friend and agent Michael Standing, and did not himself invest in SwindonCredit: Getty Images – Getty
 Swindon chairman Lee Power made the astonishing claim in court that Gareth Barry made an £800k investment in the club

4

Swindon chairman Lee Power made the astonishing claim in court that Gareth Barry made an £800k investment in the clubCredit: PA:Empics Sport
 How SunSport reported the stunning allegations over Gareth Barry yesterday

4

How SunSport reported the stunning allegations over Gareth Barry yesterday

Ex-England midfielder Barry denied buying into Swindon but said he lent money to his agent pal Michael Standing to do so.

FA rules ban players from investing in clubs.

Ex-Swindon owner Jed McCrory voiced concerns about “third-party ownership” in court in 2014.

A pal said: “Jed feels this latest hearing proves what he said was true.”

SunSport revealed yesterday how it was alleged former Everton, Manchester City and Aston Villa ace Barry, 39, “broke strict FA rules” with the payment.

The astonishing claims came in a judgment handed down this month by Mr Michael Green QC at the Royal Courts of Justice.

AMAZING TWIST

Standing, West Brom star Barry’s agent, had taken Robins chairman Lee Power to court.

He filed an injunction alleging he had invested £800,000 in the Wiltshire outfit in March 2013 — in return for a 50 per cent stake of the holding company that owns the club.

But in a twist, Power insisted it was Barry who put the money in.

Michael Green, sitting as Deputy Judge of the Chancery Division at the Royal Courts of Justice, found in favour of Standing.

 Gareth Barry has had one of the longest and most distinguished careers in top-level football, including winning 53 caps for England

4

Gareth Barry has had one of the longest and most distinguished careers in top-level football, including winning 53 caps for EnglandCredit: Jamie McPhilimey – The Sun

And in his judgment he said: “Mr Power does not deny there was another person involved in the acquisition but extraordinarily he says it was not Mr Standing but Mr Standing’s very good friend, the well-known England international footballer, Mr Gareth Barry.”

The Judge revealed former Norwich star Power claimed Barry made an oral agreement to invest in Swindon during a meeting at the midfielder’s house in March 2013.

Power insisted Barry did not buy shares in the club but instead the cash injection gave him the rights to 50 per cent of any future Swindon profits, including from transfers.

The Judge said the deal had to be kept secret as it was against FA rules for Barry, as a player, or Standing, as an agent, to invest in a football club.

He added Barry — who captained the Three Lions against Ghana at Wembley in March 2011 — strongly denied investing directly in Swindon.

But he admitted to lending “good friend” Standing money so he could.

The Judge wrote: “Mr Barry says categorically he was not the investor and did not agree anything with Mr Power.”

It is understood Standing took his legal action to ensure he benefits from a possible imminent sale of Swindon.

The court heard the League Two club were now valued at £7.5million.

Source: The Sun

Continue Reading

Trending

%d bloggers like this: