The budget hotel chain boss who says that bigger is certainly better January 30, 2011 NO wonder Guy Parsons, Travelodge’s boss, was feeling so chipper about life when we met earlier this month. He had just announced that very same day a £300m investment to build a further 35 hotels this year, which will expand his empire to 495 hotels with 35,841 rooms by next Christmas. Also, the key part [...]
Glazer family hit by higher interest rate August 19, 2010 Manchester United’s American owners saw interest payments on a loan taken out to refinance the club jump to 16.25 per cent this week after they failed to keep debt at an agreed level. The two per cent hike will see the club pay millions extra on a payment-in-kind (Pik) loan of more than £200m, which [...]
Footie tycoon hedges stake in Barclays October 7, 2010 THE BILLIONAIRE owner of Manchester City football club has moved to hedge himself against a drop in Barclays’ share price, investment bank Nomura confirmed last night. Sheikh Mansour bin Zayed al Nahyan has done a deal with Nomura to protect the value of his entire £2.4bn stake, amounting to 6.2 per cent of total Barclays [...]
Footie tycoon hedges stake in Barclays October 7, 2010 THE BILLIONAIRE owner of Manchester City football club has moved to hedge himself against a drop in Barclays’ share price, investment bank Nomura confirmed last night. Sheikh Mansour bin Zayed al Nahyan has done a deal with Nomura to protect the value of his entire £2.4bn stake, amounting to 6.2 per cent of total Barclays [...]
Flying start for Balotelli as £24m new boy comes on to hit winner August 19, 2010 FC TIMISOARA (0) vs MANCHESTER CITY (1) IF MARIO Balotelli’s debut is a taster for the rest of his Manchester City career, Eastlands fans are in for an eventful time. The £24m new boy climbed off the bench to score the winner before squaring up to the Timisoara captain, earning a yellow card and then [...]
£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
SPORT | IN BRIEF October 10, 2010 Marseille plan to sue De Jong FOOTBALL: Marseille say they will take legal action against Manchester City’s Nigel de Jong over the broken leg suffered by Hatem Ben Arfa. France star Ben Arfa, on loan at Newcastle from Marseille, has been ruled out for several months after suffering two breaks following a tackle from De [...]
Valencia injury caps bad night for United September 14, 2010 MANCHESTER (0) UTD vs RANGERS (0) SIR ALEX FERGUSON suffered a Champions League double whammy after lacklustre Manchester United were held to a goalless draw by Rangers in a match marred by a serious injury to Antonio Valencia. Resolute Rangers showed great resistance to shut out a makeshift United line-up, which showed 10 changes from [...]
Queiroz sacked at Portugal coach September 9, 2010 FOOTBALL: Former Manchester United assistant Carlos Queiroz was last night sacked as Portugal’s head coach following their poor start to the Euro 2012 qualifying campaign. Queiroz, currently serving a six-month ban for disrupting an anti-doping test, wasn’t present to see his side’s shock 1-0 defeat to Norway on Tuesday night, which came days after a [...]