:Sony replaces LG in German football Japanese electronic company Sony has replaced Korean counterpart LG Electronics as a premium sponsor of the German Football Association from 2010 to 2012.
Dubai opens $1.25 billion horseracing complex:Dubai today opens the 4.6 billion-dirham ($1.25 billion) Meydan horseracing complex that can hold 80,000 people and includes a 290-room five-star hotel.
And today's must read
Simon Jordan remains popular at Palace : Crystal Palace going into administration is not surprising. The shocking state of the club's finances has been known for a while. What is a surprise is the outpouring of sympathy from Palace fans for Simon Jordan. Ignore the angry emails to news outlets. Have a look on some of the Palace message boards instead. Fans who have been frustrated with Jordan's reign have been describing the sadness they feel for a man who may have lost everything in an ultimately vain attempt to make a success of the football club he loves.
Showing posts with label Dubai. Show all posts
Showing posts with label Dubai. Show all posts
Thursday, January 28, 2010
Thursday, December 3, 2009
Dubai ruler continues spending on racehorses (1.95 million dollars to be precise !!!)
Dubai’s ruler Sheikh Mohammed bin Rashid al Maktoum has not let the credit crisis gripping Dubai curb his spending on racehorses, after he spent $1.95 million on eight foals at the Tattersalls sales in Newmarket, England
Bloomberg reports that the Sheikh’s main bloodstock adviser and buyer John Ferguson said: “The horse side of the business is the private enjoyment of Sheikh Mohammed, so therefore has nothing whatever to do with the government, or government funds and the restructuring.”
Ferguson said that the Sheikh Mohammed’s spending at this year’s December sale in Newmarket was around the same as last year. According to a recent report in UK newspaper The Times, the Sheikh is the biggest racehorse owner and breeder in the sport’s history, with about 700 race horses in training.
http://www.sportbusiness.com/news/171107/dubai-ruler-continues-spending-on-racehorses?utm_source=sbinsl&utm_medium=email&utm_campaign=dec3
Edit:You've got to admit the guys got guts to pull a stunt like this
Bloomberg reports that the Sheikh’s main bloodstock adviser and buyer John Ferguson said: “The horse side of the business is the private enjoyment of Sheikh Mohammed, so therefore has nothing whatever to do with the government, or government funds and the restructuring.”
Ferguson said that the Sheikh Mohammed’s spending at this year’s December sale in Newmarket was around the same as last year. According to a recent report in UK newspaper The Times, the Sheikh is the biggest racehorse owner and breeder in the sport’s history, with about 700 race horses in training.
http://www.sportbusiness.com/news/171107/dubai-ruler-continues-spending-on-racehorses?utm_source=sbinsl&utm_medium=email&utm_campaign=dec3
Edit:You've got to admit the guys got guts to pull a stunt like this
Friday, November 27, 2009
Dubai : The recession gets uglier
From my fav blogger, Chris Skinner
***
People have talked about an L-shaped, U-shaped, V-shaped or even LUV-shaped recessions, but don’t believe them.
This is not a LUVerly recession, it’s a nasty one as demonstrated yesterday by the news that Dubai is deeply in distress.
The UAE's news will make this the internet, or WWW-recession
For the past three months Dubai's leader, Sheikh Mohammed bin Rashid al-Maktoum, has always said there are no issues. He has adamantly claimed that he has made no mistakes and any rumours of issues between Dubai and Abu Dhabi are unfounded and the scaremongers should just "shut up".
So yesterday ends with everyone disappearing for the religious holiday of Eid al-Adha for a week in the Region - it finishes on December 1st - what does the Sheikh do?
Oh, he just says that the $80 billion worth of debt may be in doubt (btw, it’s probably twice that amount as that’s just hte official numbers) and could they postpone their mortgage payments on DP World and Nakheel, the two largest firms in Dubai.
DP World owns P&O (controversial buyout in March 2006) whilst Nakheel are the developers of the Palm Resort where David Beckman and other stars own properties.
Read on
http://thefinanser.co.uk/fsclub/2009/11/this-is-the-internet-or-wwwrecession.html
***
People have talked about an L-shaped, U-shaped, V-shaped or even LUV-shaped recessions, but don’t believe them.
This is not a LUVerly recession, it’s a nasty one as demonstrated yesterday by the news that Dubai is deeply in distress.
The UAE's news will make this the internet, or WWW-recession
For the past three months Dubai's leader, Sheikh Mohammed bin Rashid al-Maktoum, has always said there are no issues. He has adamantly claimed that he has made no mistakes and any rumours of issues between Dubai and Abu Dhabi are unfounded and the scaremongers should just "shut up".
So yesterday ends with everyone disappearing for the religious holiday of Eid al-Adha for a week in the Region - it finishes on December 1st - what does the Sheikh do?
Oh, he just says that the $80 billion worth of debt may be in doubt (btw, it’s probably twice that amount as that’s just hte official numbers) and could they postpone their mortgage payments on DP World and Nakheel, the two largest firms in Dubai.
DP World owns P&O (controversial buyout in March 2006) whilst Nakheel are the developers of the Palm Resort where David Beckman and other stars own properties.
Read on
http://thefinanser.co.uk/fsclub/2009/11/this-is-the-internet-or-wwwrecession.html
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