Bloom has been the owner of Brighton & Hove Albion since 2009, having built his fortune in the world of online gambling - among other areas - before taking control of his hometown club. El Kashashy and Farnell have emerged as frontrunners ahead of American investment group ALK Capital LLC, who still harbour hopes of completing a deal themselves. Last updated on 28 October 202028 October 2020.From the section Burnley. The takeover is being led by El Kashashy, who is based in Dubai and made his . Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. Share on Facebook; Share on Twitter; . He took a 50% stake in the Yorkshire club in 2013, becoming full owner several years later, and also has ownership interests in clubs in Belgium, India and the UAE. Gary Lineker, Alan Shearer and Micah Richards discuss the art of punditry and rank the best analysts, Three single Kiwi women are in search of the man of their dreams in FBoy Island NZ. 3rd December 2020, 5:46 pm. Burnley have been seriously weakened since last summer by releasing out-of-contract players and not replacing them. He is therefore unlikely to have started his career before 2000. It had been thought American sports investment firm ALK Capital were in pole position to buy the Clarets. I bet Farnell's already spent a few quid upgrading his office security. Discussions over the takeover, which is being led by Mohamed El Kashashy and sports lawyer Chris Farnell, have been going on for the past 12 months and all parties are now waiting for the Premier League to rubber-stamp the deal. The golden share, the place in the Premier League and its guarantee of at least 100 million in television revenue. Earlier this year, Goal reported the Emiratis net worth at $20bn (15.19bn). Goal reported the Emirati's net worth at $20bn (15.19bn). All parties are now waiting for the Premier League to rubber-stamp the deal. Burnley takeover clarity can help Clarets kickstart Premier League season, El Kashashy and Farnell stance on Burnley takeover as decision on club future looms, El Kashashy, Farnell, ALK Capital and inside the Burnley FC takeover, ALK Capital LLC stance on Burnley takeover amid rival interest in Clarets, Who is Mohamed El Kashashy? The latest rumours and stories from around the world of football. It has also been reported that Burnley fc chairman Mike Garlick confirmed Burnley takeover: Mohamed El Kashashy and Chris Farnell pull out of The reportclaims the businessman is willing to pay200 million for the takeover. As always you can unsubscribe at any time. His main business venture is Think Food LLC, which operates several restaurant chains around the United Arab Emirates. Burnley takeover: New frontrunner emerges in 200m Clarets talks Private investment company Staunch Partners Limited, registered with Companies House after filing a statement of capital in November last year, is said to be Farnell and Elkashashys takeover vehicle. All rights reserved. They have a loyal fanbase but, surrounded by rivals and relatively near super-clubs, not much chance to dramatically increase it; in a world where crowds were permitted, Burnleys average attendance was almost a quarter of the towns population and their annual matchday income around 6 million; Turf Moor, one of the least deluxe top-flight grounds, is not particularly lucrative. The Iranian made his money in the steel and energy industries, and is a long-time business partner of former Arsenal shareholder Alisher Usmanov. His net worth has risen from $2.2bn to $2.5bn (1.9bn) since April, according to Forbes. Burnley are third-bottom of the Premier League with no home goals and only a point to show after five games yet two consortiums are vying to take over their ownership. New York, Mohamed El Kashashy ready for Burrnley take over Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. Henry and Werner are the men at the top of Fenway Sports Group, owners of Liverpool. KingFut. Its the perfect gift idea for anybody who loves football (including yourself)! I have just checked my calendar to make sure it isn't April 1st. This is the full list of Egyptianbillionairesaccording toForbes (28 Jun 2020): Perhaps the data the Mirror accessed was in Egyptian pounds? El Kashashy was photographed attending a match at The Valley on 27 June 2020. . Mohamed El Kashashy ready for Burrnley take overBurnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. The Express has now ranked the owners the 20 clubs in the 2020/21 Premier League by their wealth, . But Project Big Pictures ideas included reducing the revenue of the lower-ranking teams and reducing the division to 18 clubs; that would represent a ticking timebomb to Burnley and their ilk. Burnley takeover: Green light given for 200m deal as new - Express Although the description of him as a Banker, in a Daily Mail article of 22 June 2020 (see quote below) is thought to be an error, a quote in the 29 October 2020 edition of LancsLive was taken from his LinkedIn profile, describing himself as a Strategic Private Equity Director, and claiming in the About section: Experience includes working with private equity investors/boards, improving performance and profitability with decisive change management and growth leadership. This is sufficiently vague that it could have some basis in fact. According to several reports, Burnley are a step away from finding a solution to their financial issues post-pandemic. The panel deemed that a five-week suspension was an appropriate punishment. Rival consortium leapfrogs American firm in takeover battle for Burnley
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