Bank rescues troubled Owls September 8, 2010 FOOTBALL: The Co-operative Bank has come to the rescue of cash-strapped Sheffield Wednesday by settling the club’s £703,000 debt with HM Revenue and Customs. The League One club avoided a winding-up petition in the High Court, saying they were hopeful of finalising “very serious and advanced” takeover talks.
Bank rescues troubled Owls September 8, 2010 FOOTBALL: The Co-operative Bank has come to the rescue of cash-strapped Sheffield Wednesday by settling the club’s £703,000 debt with HM Revenue and Customs. The League One club avoided a winding-up petition in the High Court, saying they were hopeful of finalising “very serious and advanced” takeover talks.
We need a proper education industry April 20, 2011 IT is time to harness the profit motive to sort out the UK’s schools. That may sound hopelessly radical – but the seeds of a revolution have already been planted, and the green shoots they are generating remarkably promising. Britain’s current crop of private schools are not all charities. As a report out today from [...]
Hicks won’t back down in Liverpool sale fight October 7, 2010 EMBATTLED Liverpool owners Tom Hicks and George Gillett have fought back in the bitter internal power struggle over the club’s future ownership. Hicks insisted yesterday that Liverpool’s board had not been entitled to accept a £300m bid from New England Sports Ventures, in defiance of his and Gillett’s wishes, because two of the directors had [...]
BILL OF THE WEEK February 20, 2011 FOUR bankers celebrating a promotion in the group managed to celebrate in style with a school night blow-out a couple of weeks ago – dropping over £1,000 on a Wednesday night at Kingly Court members’ hotspot The Bureau Club. Between them, the high-spirited quartet sank two bottles of vintage Dom Pérignon over the evening, at [...]
BILL OF THE WEEK February 20, 2011 FOUR bankers celebrating a promotion in the group managed to celebrate in style with a school night blow-out a couple of weeks ago – dropping over £1,000 on a Wednesday night at Kingly Court members’ hotspot The Bureau Club. Between them, the high-spirited quartet sank two bottles of vintage Dom Pérignon over the evening, at [...]
Hicks halts Reds sale October 13, 2010 LIVERPOOL owners Tom Hicks and George Gillett last night dramatically halted the sale of the club at the 11th hour by obtaining a temporary restraining order from a Texan court over what they called an “epic swindle”. In the same lawsuit Hicks and Gillett also claimed damages of more than £1bn from the rest of [...]
THIRD BIDDER IN LIVERPOOL FIGHT October 12, 2010 AMERICAN hedge fund Mill Financial has emerged as a third bidder for Liverpool FC as the High Court prepares to rule on the bitter war over the football club’s ownership this morning. Mill Financial’s offer includes the promise to repay the £200m owed by Liverpool owners Tom Hicks and George Gillett to the Royal Bank [...]
London architect finds record height March 6, 2011 LONDON-based architect group Farrells has hit a new record-breaking high with the topping of the Kingkey Finance Tower in China. The 100-storey skyscraper stands at 441 metres (1,440ft) and is the tallest building designed by a British architect to date towering over any construction in the UK. The Kingkey tower is twice the height of [...]
Portsmouth suffer High Court defeat January 19, 2010 PORTSMOUTH’S battle to avoid administration suffered another blow yesterday when they lost their High Court bid to have a winding-up order struck out. Pompey failed to convince Mr Justice Newey that Her Majesty’s Revenue and Customs had overcalculated the VAT portion of their mammoth tax bill by £7.5m. The Premier League’s bottom club hinted last [...]