Premier League approve Boehly’s takeover of Chelsea

American businessman Todd Boehly during the English Premier League match between Chelsea and Wolverhampton at Stamford Bridge, London, May 7, 2022. (AP Photo)
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Updated 24 May 2022

Premier League approve Boehly’s takeover of Chelsea

  • A consortium led by Todd Boehly, a co-owner of baseball’s Los Angeles Dodgers, had already agreed a record £4.25bn deal to buy the club from Roman Abramovich
  • Russian billionaire Abramovich put Chelsea on the market just before he was sanctioned by the British government following Russia’s invasion of Ukraine

LONDON: Todd Boehly’s proposed takeover of Chelsea moved a step closer to completion on Tuesday when the Premier League board announced it had approved his purchase of the London club in a deal that could yet be finalized later in the day.
A consortium led by Boehly, a co-owner of baseball’s Los Angeles Dodgers, had already agreed a record £4.25 billion ($5.3 billion) deal to buy the Premier League club from owner Roman Abramovich on May 7.
And a Premier League statement said Tuesday: “The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
“The purchase remains subject to the (British) Government issuing the required sale license and the satisfactory completion of the final stages of the transaction.”
Officials would like everything to be wrapped up on Tuesday so Chelsea can meet all registration deadlines for next season’s competitions, with an unnamed Government source telling Britain’s Press Association: “We now believe everyone will be ready to issue the necessary licenses.
“The last remaining hurdle boils down to a number of final technical details that are being discussed with the club. It’s going to go down to the wire.”
Russian billionaire Abramovich put Chelsea on the market in early March, just before he was sanctioned by the British government following Russia’s invasion of Ukraine.
Completing the purchase has been a lengthy process due to government concerns over the potential for Abramovich to profit from the sale.
The total value of the deal smashes the previous record for the sale of a sports team — $2.4 billion for the New York Mets baseball franchise in 2020.
There had been fears the takeover would collapse because of the £1.5 billion debt owed by Chelsea’s parent company, Fordstam Ltd, to Camberley International Investments, a Jersey-based company with suspected links to Abramovich.
Abramovich, who has said he has not asked for his loan to be repaid, is understood to have provided confirmation to the government that his associate, Demetris Ioannides, has resigned from the trust owning Camberley International.
Earlier on Tuesday, a spokesman for Prime Minister Boris Johnson confirmed the government were working with Chelsea and also holding “intense discussions with the relevant international partners” to get the deal done.
“We want to get this process done as soon as possible while also ensuring the sanctions regime is protected, but we will say more on this as soon as we possibly can,” the spokesman also said.
The Premier League statement added: “The board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective directors, and undertaken the necessary due diligence.
“The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.
“Chelsea FC will now work with the relevant governments to secure the necessary licenses to complete the takeover.”
Chelsea have been forced to operate under a special license from the UK government since Abramovich, who bought the club in 2003, was sanctioned.
Under the terms of the license, Chelsea were unable to offer new contracts to existing players or sign players from other clubs.
The sale of the European champions brings the curtain down on 19 years of nearly unbroken success under the 55-year-old Abramovich, who has overseen five Premier League titles and two Champions League triumphs.
Chelsea finished third in the 2021/22 Premier League season completed Sunday and so gained a place in Europe’s Champions League, the continent’s leading club football competition.
The Blues also reached the finals of English football’s League Cup and FA Cup, only to lose both matches to Liverpool in penalty shoot-outs.


Morocco fire coach Halilhodzic ahead of World Cup

Updated 11 August 2022

Morocco fire coach Halilhodzic ahead of World Cup

  • The fall-out appears to have come over Halilhodzic's handling of two of his star players
  • He sidelined Chelsea's Hakim Ziyech and Noussair Mazraoui of Ajax for disciplinary reasons

RABAT: World Cup qualifiers Morocco have split with coach Vahid Halilhodzic three months ahead of the finals in Qatar.
The fall-out appears to have come over Halilhodzic’s handling of two of his star players.
He sidelined Chelsea’s Hakim Ziyech and Noussair Mazraoui of Ajax for disciplinary reasons and qualified for the World Cup without them, but it seems the federation wanted them back.
“We came to an amiable agreement to part ways due to divergences on preparations for the World Cup,” the Moroccan federation said.
Neither Ziyech and Mazraoui were part of the squad that reached the quarterfinals of the African Cup of Nations in Cameroon in January and Halilhodzic omitted both from the World Cup qualifying play-off matches against the Democratic Republic of Congo in March.
The World Cup starts November 20 in Qatar where Morocco take on Croatia, Belgium and Canada in Group F.
Halilhodzi has previously qualified for the World Cup finals with Ivory Coast and Japan.


Norwegian woman climber on track to break 'super peaks' record

Updated 11 August 2022

Norwegian woman climber on track to break 'super peaks' record

  • Kristin Harila successfully summit Pakistan's Gasherbrum I on Thursday  
  • Pakistan has enjoyed a record-breaking climbing season this year

ISLAMABAD: Norwegian climber Kristin Harila has just three mountains left in her bid to climb the world's 14 "super peaks" in record time after successfully summiting Pakistan's Gasherbrum I, officials said Thursday.
Nepali Nirmal Purja holds the record for climbing the world's 8,000 meter-plus (26,000 feet) mountains -- six months and six days -- but Harila now has until early November to complete her quest and beat his time.
Harila's latest successful summit was reported on her official social media pages and confirmed by Karrar Hadri, secretary of Pakistan's Alpine Club.
"The second phase in Pakistan was very challenging and dangerous: ever-changing weather conditions, being hit by a rock, illness and a very tight schedule," read a message on Harila's Instagram page.
"But here we are with only three peaks left."
Five of the 14 super peaks are in Pakistan -- including K2, the world's second highest mountain -- and the country has enjoyed a record-breaking climbing season this year.
Sajid Hussain, head of the tourism department in Gilgit Baltistan, told AFP they had issued about 1,780 permits for the top peaks.
"It has boosted our tourism and has increased our foreign exchange," he said.
Only around 40 people in history have summited all 14 of the super peaks, but none have come close to Purja's 2019 expedition.
He demolished the previous record for accomplishing the feat with supplemental oxygen, set by Poland's Jerzy Kukuczka in the 1980s at seven years, 11 months and 14 days.
In an interview with AFP earlier this year, 36-year-old Harila said she was inspired to show women were as capable as men of achieving great mountaineering feats.
"In history and until now, it has been the strong macho men going out climbing mountains," she said.
"When I talk to people that are not in this sport, they believe that men are more capable than women... If we are going to change, we need to get attention and show that women are just as capable."
The three remaining mountains for Harila are Cho Oyu (sixth highest, in Nepal/China), Manaslu (eighth, Nepal) and Shishapangma (14th, China). 


Real Madrid beats Eintracht Frankfurt 2-0 for UEFA Super Cup

Updated 11 August 2022

Real Madrid beats Eintracht Frankfurt 2-0 for UEFA Super Cup

HELSINKI: This time, there were only two goals.
David Alaba and Karim Benzema scored in each half for Real Madrid to win the UEFA Super Cup with a 2-0 victory over Eintracht Frankfurt on Wednesday.
Alaba prodded the opener home from close range in the 37th minute when Casemiro cushioned Benzema’s header back after a corner. The French star then sealed Madrid’s record-equaling fifth Super Cup title in the 65th thanks to an assist from the lively Vinícius Júnior.
It was Benzema’s 324th goal for Madrid, overtaking club legend Raúl. Only Cristiano Ronaldo has more after scoring 450 goals for the club between 2009-18.
But the game between the Champions League winners, Madrid, and Europa League champions, Frankfurt, failed to match the spectacle of their previous meeting.
Their only other competitive game was the 1960 European Cup final, when Alfredo Di Stéfano scored three goals and Ferenc Puskás chipped in with four to give Madrid a 7-3 win and fifth consecutive European crown.
Frankfurt goal-scorer Erwin Stein and teammate Dieter Stinka were in Helsinki for the rematch 62 years later, but it was the 93-year-old José Santamaria — the only remaining Madrid player from that final in Glasgow — who celebrated another win. The three veterans embraced warmly when they met before kickoff.


Cricket federation to establish four regional associations across Saudi Arabia

Updated 10 August 2022

Cricket federation to establish four regional associations across Saudi Arabia

  • New centers will be in Jouf, Hail, Al-Hudud Ash Shamaliyah and Al-Baha

RIYADH: The Saudi Arabian Cricket Federation is set to establish four new regional associations to help promote the sport across the Kingdom.

The federation told Arab News on Wednesday that is has 15 official associations representing the sport in nine regions, but aims to establish new associations in the remaining four regions “to make sure that we have future cricket activities all around the Kingdom.”

The long-term aim is for Saudi Arabian cricket teams to compete professionally at regional and international competitions, with the national teams taking on world’s best.

In recent years, the SACF has introduced several competitions and programs to encourage the country’s youth to take up one of the world’s oldest and most popular sports.

In October 2021, it signed an agreement with sports management company JSW Sports to develop cricket in Saudi Arabia, focusing on high-performance academies.

The SACF was established in 2020 and lined up a series of major initiatives the following year, including a national cricket championship, a corporate cricket tournament, a cricket league for expatriate workers, and a social program in several cities.

The initiatives are part of a mission to promote healthy and active lifestyles under the Saudi Vision 2030’s Quality of Life scheme, with the SACF — supported by the Ministry of Sports and Saudi Arabian Olympic Committee — mandated to increase physical activity levels by 40 percent over the next decade.

In November, the SACF partnered with Saudi’s Sports For All Federation to launch the Kingdom’s first cricket talent-spotting program.

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Zamalek president jailed for insulting rival

Updated 10 August 2022

Zamalek president jailed for insulting rival

  • Al-Ahly and Zamalek are historic rivals whose fans regularly clash after matches
  • Zamalek boss, Mortada Mansour, was initially sentenced to one year in prison for insulting Mahmoud al-Khatib, president of Al-Ahly

CAIRO: An Egyptian appeals court has sentenced the president of Zamalek football club to a month in prison for insulting the president of bitter rivals Al-Ahly, a judicial source told AFP on Wednesday.
Al-Ahly and Zamalek, the country’s two biggest clubs and among the continent’s most successful, are historic rivals whose fans regularly clash after matches.
The 70-year-old Zamalek boss, Mortada Mansour, was initially sentenced to one year in prison for insulting Mahmoud Al-Khatib, president of Al-Ahly and a former star player, and his family in a video posted on social networks and on Zamalek’s club channel.
On Wednesday, Mansour’s sentence was reduced to one month in prison and a fine of 10,000 Egyptian pounds (500 euros).
A former magistrate and member of parliament, Mansour is regularly in the news. He has had a long-running battle with Al-Ahly and has physically attack his counterparts.
His parliamentary immunity had for a while enabled him to avoid legal proceedings after complaints of insults and defamation.
In 2007, he was sentenced to three years in jail by a criminal court in Cairo for “insulting” court officials and levelling accusations of corruption against them.

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