List of All Articles with Tag 'all'

British companies are dialing back on currency hedging as their earnings become less vulnerable to dramatic swings in

American billionaire Shahid Khan withdrew his offer to buy Wembley Stadium from the Football Association on this day in 2018. The proposed deal was worth £900million and the FA was planning to spend the money on transforming grassroots facilities across the country over the next 20 years but the idea of selling the stadium, which cost £757million to build, proved to be controversial with many in the game. The owner of Fulham and NFL side the Jacksonville Jaguars felt his offer to buy Wembley proved more divisive than initially anticipated and decided to pull out. In a statement, FA chief executive Martin Glenn said: “Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision. “At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal.” The proposed deal had the support of the FA’s senior leadership, including Glenn himself, and was also backed by the government but there were significant doubts elsewhere, most notably at the grassroots level itself. Khan’s intention was to eventually use Wembley as a home for his relocated Jaguars but was also willing to agree on several highly restrictive conditions on how he would run the national stadium, one of them being to keep the venue for all of English football’s biggest games. However, wider concerns about whether the FA was selling the family silver too cheaply, its ability to spend the money wisely and Khan’s long-term plans for the stadium all led to the downfall of the sale. In a statement, Khan, 68, said: “I’ve been clear publicly as well as in my correspondence with the FA Council that it would require a proper partnership, with the full and enthusiastic commitment of all involved, to maximise the benefits to the FA and game of football. “At this moment, following last week’s FA Council hearing, it appears there is no definitive mandate to sell Wembley and my current proposal, subsequently, would earn the backing of only a slim majority of the FA Council, well short of the conclusive margin that the FA chairman has required. “The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divide them. “Unfortunately, given where we are today, I’ve concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favoured by the FA chairman to sell Wembley Stadium. “I am respectfully withdrawing my offer to purchase Wembley Stadium.” Read More Dallas Cowboys bounce back to edge past Los Angeles Chargers Eddie Jones commits his coaching future to Australia Stephen Kenny focused on fixtures instead of future after Ireland beat Gibraltar David Brooks looks to impress for Wales at a major tournament Northern Ireland U21s lose late on against Serbia I quite like the noise – Ellis Genge ‘fuelled’ by England’s critics

President Joe Biden will travel to Israel on Wednesday in a show of solidarity for the US ally

The Arizona Diamondbacks can walk away from this one thankful it's a best-of-7 series against the Philadelphia Phillies in the NLCS.

Holiday season spending is expected to rise this year versus last year, though the increase among middle-income shoppers

Every year, the United Nations climate conference is gripped by major power rivalries over tiny terms. At COP27

Week 6 of NFL action has the heat up on head coaches and coordinators who failed to lead their teams to victory. Which coaches should be worried?

Baidu Inc.’s founder Robin Li declared his company’s large language model has finally caught up with OpenAI’s advanced

A Chargers fan stole the show on the Monday Night Football broadcast of Cowboys vs Chargers.

A brief 10% surge in Bitcoin on Monday gave traders a glimpse into the possible impact of a

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic

New Zealand Labour Party leader Chris Hipkins will remain at the helm for now despite a heavy election