Governing Bodies
American bidders ready for final match in battle to own Chelsea
At least three groups of mainly American investors have made it through to what is expected to be a final phase of the bidding war for Chelsea Football Club, according to people familiar with the situation.
While more bidders may still make the next round, those that have done so now include a consortium led by former Guggenheim Partner Todd Boehly, another by Apollo Global Management Inc. co-founder Josh Harris, and a third by the Ricketts family, the owners of Major League Baseball’s Chicago Cubs, who have teamed up with the billionaire US hedge fund manager Ken Griffin.
The Raine Group, the New York-based merchant bank handling the sale for Chelsea FC owner Roman Abramovich, has been weighing offers submitted by last Friday’s deadline.
The bank was not planning to announce on Thursday (March 24) which of those had made the first cut, but was instead telling those rejected for its shortlist of final candidates, the people said. Bid revisions have reportedly slowed the process.
A representative for the Raine Group did not immediately respond to a request for comment.
Bidders have sought to swoop on the rare chance to buy one of the top clubs in the English Premier League – Europe’s richest football division.
One bid group led by Centricus Asset Management offered more than £3 billion (S$5.37 billion) for Chelsea, Bloomberg News reported. The London-based global investment firm’s bid is said to be driven by co-founder Nizar Al-Bassam and CEO Garth Ritchie, who are reported to be season-ticket holders.
A deal in that price range would easily mark the biggest takeover of a European football club, passing the US Glazer family’s acquisition of Manchester United FC for more than £700 million in 2005.
Abramovich sanctioned
Russian billionaire Abramovich has owned Chelsea for almost 20 years. He put the club up for sale after Russia’s invasion of Ukraine, which prompted the British government to place him under far-reaching sanctions for his ties to President Vladimir Putin’s regime.
Since buying Chelsea in 2003, he has invested hundreds of millions of pounds to lure the best footballing talent to Chelsea and turn the team into serial winners. The club won the prestigious Champions League title last year and currently sit third in the Premier League.
American interest
The huge interest in the London club from US investors reflects the recent flood of American money into the world’s most popular sport.
Harris already owns a stake in Premier League club Crystal Palace FC. For his Chelsea bid, he has the backing of Martin Broughton, a former chairman of British Airways Plc, and Vivek Ranadive, a co-owner of National Basketball Association franchise the Sacramento Kings. Another partner is David Blitzer, who owns sport teams including the NBA’s Philadelphia 76ers.
Harris and Blitzer would have to divest their 40 per cent stake in Crystal Palace should their bid for Chelsea succeed.
In addition to Manchester United, Americans have invested in Premier League clubs including Liverpool, Arsenal and Burnley.
–Bloomberg, Reuters, AFP
Governing Bodies
Sanusi set for record-extending tenure as Nigeria’s football politicians assemble in Asaba
BY KUNLE SOLAJA.
Speculations gathered ahead of the 2024 Annual General Meeting of the Nigeria Football Federation holding in Asaba on Friday have it that tenure elongation for the General Secretary, Dr. Mohammed Sanusi, is a major item on the agenda.
Neither formal confirmation nor denial has been issued since one of the leading newspapers in Nigeria, ThisDay dropped the hint.
The agenda of the meeting is also not made public. Dr, Sanusi is the longest-serving General Secretary in history having been in office from 30 March 2015 making 3,476 days or nine years six months and four days.
It easily drowned that of his closest rival in tenure – Sani Toro whose tenure from 21 December 1993 to 3 May 1999 is merely 2020 days or five years, six months and 12 days.
Thus, no one had enjoyed a longer period in office than the incumbent, Dr. Mohammed Sanusi. It is speculated that the tenure will be extended as NFF has reported that all delegates have arrived in the Delta State capital by Thursday evening.
The NFF Annual General Assembly, the first of which took place 90 years ago in Lagos on 19 February 1934, is the biggest assemblage of football administrators and stakeholders in the country.
In one such meeting on 24 July 2008 in Makurdi, the football body changed its name from NFA to NFF.
This year, according to a press release by the NFF, the plenary will have in attendance, the chairmen and secretaries of football associations in the 36 States and the Federal Capital Territory, chairmen and secretaries of the Nigeria Premier Football League, Nigeria National League, Nigeria Women Football League and the Nationwide League One, as well as chairmen and secretaries of the referees’ association, players’ union and coaches’ association. This group of 88 makes up the Congress.
They are joined by the members of the NFF Executive Committee and the management team as well as former NFF Presidents and General Secretaries.
The Minister of Sports Development, John Owan Enoh, is announced as the special guest. Nigeria’s Member of the FIFA Council, Amaju Melvin Pinnick is also expected as well as a representative of the West African Football Union (WAFU B).
The Governor of Delta State, Sheriff Francis Oborevwori will declare the General Assembly open.
Venue is the Unity Hall of the Delta State Government House.
Governing Bodies
Like in Egypt, former Nigerian Olympian, Sadiq Abdulahi wants Tinubu to declare ‘State of Emergency’ in Sports
Former Nigerian tennis player and Olympian, Prof. Sadiq Abdulahi has called for drastic action to arrest the decline of Nigeria in global sporting events.
The former tennis player who is now a professor in the United States declared that the “failure to win a medal at the regular 2024 Paris Olympics, the few medals at the Paris Paralympic and the fallout at the National Youth Sports Festival has exposed the deep problems facing the sport’s sector.”
He wants Nigeria to have the same approach that the Egyptian president has taken while reacting to the country’s performance at the Paris 2024 Olypics.
Egypt’s President Abdel-Fattah al-Sisi ordered a comprehensive evaluation of sports federations that participated at the Paris Olympic Games, following a mission report submitted by the country’s sports minister.
According to Prof. Abdulahi, the National Sports Federations charged with the preparation of elite athletes have failed to do their job despite the cry for funding from the government.
“Federal Government cannot adequately fund all the Olympics sports. It is impossible.
“By declaring a state of emergency, new people, new approaches and new funding models will be identified. More importantly, the Federal Government will redefine grassroots sports development.
“We will lay sustainable foundation for sports development.”
Continuing, he called for the return of the National Sports Commission (NSC) which enabling decree was abolished through Decree No. 7 of 1991, but came back through presidential proclamation under Sani Abacha before it was abolished again.
The original NSC was established in 1964 as National Sports Council before the promulgation of Decree 34 of 1971 which legalised it as the apex Federal Government agency to control, regulate and organize sports.
“The FG may now bring back the National Sports Commission or the National Sports Authority. Our emerging national economy with the full participation of the private sector can support this new beginning. I hope this helps.”
RELATED STORY: President Al-Sisi orders sports system overhaul
Governing Bodies
CAF gives Yoruba and Arabic interpretations of ‘OLA’ the Super Cup 2024 Official Match Ball
The Confédération African of Football, CAF, has given the linguistics interpretation of OLA, the confederation’s official match balls produced by Puma which has also unveiled a special edition for the Super Cup duel holding on Friday in Saudi Arabia.
According to CAF, OLA, symbolizing the dynamic and energetic nature of African football, means “wealth,” “honour,” and “respect” in Yoruba and “rise” and “success” in Arabic.
The OLA ball stands out with its vibrant design and cultural significance. “OLA”
The ball is a mix of black and gold, representing power and sophistication. The ball will be the centrepiece of the eagerly-awaited match between the two giants of African football.
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