Tag Archives: market

Alex McLeish"s position at Nottingham forest under threat

EXCLUSIVE: McLeish's position at Forest under threat after bust-up with Kuwaiti owners

By
Neil Moxley

PUBLISHED:

22:30 GMT, 30 January 2013

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UPDATED:

23:54 GMT, 30 January 2013

Alex McLeish’s position at Nottingham Forest is unclear following a bust-up with the club’s new owners over transfer funds.

The former Scotland manager has had a row with the Kuwaiti owners of the east Midlands club after a tense five weeks since succeeding Sean O’Driscoll.

Matters have been bubbling under ever since O’Driscoll’s sacking with chief executive Mark Arthur, head of player recruitment Keith Burt and Forest ambassador Frank Clark all being asked to leave.

Plenty to ponder: Alex McLeish had a bust-up with Nottingham Forest's owners

Plenty to ponder: Alex McLeish had a bust-up with Nottingham Forest's owners

After 14 years of service to Forest, Arthur was handed a letter informing him of his cessation of duties and Burt found out he was being axed after his wife read out a similar missive from the club while he was hosting a scouts’ meeting.

Forest were taken over by the Al-Hasawi family last summer and McLeish was appointed in bizarre circumstances after O’Driscoll was sacked following a 4-2 triumph over Leeds United on Boxing Day, a victory which left Forest just one point from the play-offs.

McLeish was promised a significant kitty to use during the transfer window. However, the club’s technical advisor Dr Tariq Aljalahmah, has held a series of meetings this week with several key figures including McLeish and the remaining members of the club’s scouting team.

In the market: McLeish wants to add to his Forest squad

In the market: McLeish wants to add to his Forest squad

The Scot was told that the club was reticent to sanction any cash deals, with Forest preferring instead to do business in the loan market.

McLeish stood his ground, asking for the money that he believed he was getting after agreeing to take on the job late last month.

The matter had been left in abeyance but some progress looked to have been made last night as Forest mounted a bid to swipe Peterborough United’s George Boyd from under Crystal Palace’s noses.

Charles Green targets return to glory days as trading starts in Rangers shares

Green targets return to glory days as trading starts in Rangers shares

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UPDATED:

11:11 GMT, 19 December 2012

Trading began on shares in Rangers on Wednesday after the Glasgow club was listed on the stock exchange, with chief executive Charles Green hoping for a successful flotation.

Rangers announced over 22million had been raised from their listing on the stock exchange and dealings on the Alternative Investment Market (AIM) began at 8am.

Green, whose company bought the assets and business of Rangers for 5.5m when the club was consigned to liquidation in June, believes Rangers will prove worthwhile to investors.

All good on the pitch: David Templeton scored as Rangers beat Annan on Tuesday

All good on the pitch: David Templeton scored as Rangers beat Annan on Tuesday

Green told BBC Radio 5 Live: 'The institutional community have invested heavily. We've taken 17m already from institutions and that list is out there public; it's the great and good of London.

'For me as chief exec the really important endorsement is that of the financial community who have come out in support of it.

'All football clubs are high risk and there's been a history of failure to deliver.

'We know that football clubs historically haven't performed very well, but Rangers is an institution, it's a major sporting brand and we think that makes a difference.'

The listed company is called Rangers International Football Club plc and will act as the holding company for the club.

Green was listed as the club's main shareholder in the share prospectus with a stake of almost 15 per cent, which will now be diluted. He had not planned to add to his shares.

Looking ahead: Charles Green spoke to fans the night before trading began

Looking ahead: Charles Green spoke to fans the night before trading began

Newcastle owner Mike Ashley was the third largest shareholder with 9 per cent before the issue of extra shares, behind a consortium called Blue Pitch Holdings.

Manager Ally McCoist had almost a 3 per cent stake before the issue and said he planned to buy more, although his shareholding will be diluted.

A statement read: 'The total number of ordinary shares in issue at admission is 65,096,056, giving Rangers a market capitalisation of approximately 45.6m at the placing price.

'The funds have been raised in order to provide for a secure financial future, update and develop the club's facilities, capitalise on the club's global brand and enable the club to enhance its playing squad when appropriate.'

Protest: Rangers fans are against the potential sale of the stadium name

Protest: Rangers fans are against the potential sale of the stadium name

Green said in the statement: 'We are delighted to see our plans for bringing Rangers back to its glory days coming to fruition; a key part of which is its listing on AIM today.

'The response from investors and fans alike has been tremendous and we are very proud to have such loyal supporters.

'Rangers is a huge club with enormous support, and, a 140-year track record of success in both the domestic and international arenas.

'With a settled squad, led by manager Ally McCoist, the club has made a strong start to the 2012/13 season and the Rangers brand and facilities provide tremendous opportunities for commercialisation and expansion.

'The listing on AIM is an important step to ensuring the future success of the club.'

QPR boss Harry Redknapp eyes former Chelsea striker Nicolas Anelka

New QPR boss Redknapp sets sights on January swoop for former Chelsea striker Anelka

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UPDATED:

08:34 GMT, 27 November 2012

New Queens Park Rangers manager Harry Redknapp is considering a January move for Nicolas Anelka.

Redknapp will be handed up to
10million to spend in the forthcoming transfer window, but will largely
be asked to utilise the loan market.

Loan ranger: QPR want Nicolas Anelka to boost their survival bid

Loan ranger: QPR want Nicolas Anelka to boost their survival bid

The 65-year-old manager knows he needs to bolster his strikeforce with injuries to Andrew Johnson and Bobby Zamora leaving him with Djibril Cisse as his only recognised centre-forward.

And Redknapp has identified former Chelsea striker Anelka as a serious loan target.

The 33-year-old is contracted to Shanghai Shenua, but could be available on a temporary basis from January given the Chinese Super League season has finished.

Anelka is keen to return to Europe on a full-time basis after privately admitting his move to China was a mistake.

Hot shot: Anelka is keen on return to Europe

Hot shot: Anelka is keen on return to Europe

Redknapp would look to secure a deal to
sign Anelka until the end of the season, though the move would depend on
QPR coming to an agreement with Shanghai over the player's
250,000-per-week wages.

The Chinese side would also need to give the striker permission to join QPR until May, given their season starts in March.

Meanwhile, Tottenham defender Michael Dawson will give serious consideration to a January loan move to Loftus Road.

The central-defender is a primary target for Redknapp as he looks to add steel to his side.

Dawson turned down a switch to QPR in the summer, but the arrival of
Redknapp, who he worked with at Spurs, has forced the 29-year-old into a
rethink.

Manchester United striker Danny Welbeck wears Nike boots instead of adidas

Nike… then adidas… then Nike again! Welbeck has changed boots three times already this season (and he finally scored his first United goal on Saturday)

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UPDATED:

12:09 GMT, 22 October 2012

Danny Welbeck has been at the centre of a tug-of-war between boot giants adidas and Nike.

But the England striker returned to Nike boots for Saturday's 4-2 win against Stoke, when he scored his first goal of the season – and earned rave reviews from Sir Alex Ferguson.

He has alternated between Nike and adidas this season, changing his boot choice three times already. But he now appears to have chosen Nike ahead of their German rivals, Footy-Boots.com reports.

Danny Welbeck in his old Nike boots against Southampton earlier in the season

Danny Welbeck England

Danny Welbeck scores in his new Nike boots against Stoke on Saturday

Foot on the ball: Danny Welbeck has changed his boots three times this season. He started with Nike (left), changed to adidas after failing to score (centre) but was back in his favoured Nike on Saturday (right)

They also report that Welbeck has yet
to confirm his tie-up with Nike, although his latest switch tips the
balance in their favour. He has had a four year contract with Nike, but
that didn't stop him from trying out their rivals in a high-profile
England game recently.

Welbeck started the season in the Nike T90 Laser, before switching to the adidas F50 adiZero.

This was seen as a great coup for adidas, with Nike apparently losing one of their brightest young assets.

But against Stoke on Saturday, he was back to Nike and turned out in Mercurial Vapor VIII in green.

They are the eighth version of the
boot, first launched by Nike for the 1998 World Cup in France, when
Brazilian striker Ronaldo launched them to rival the market-leaders
adidas and their Predator boot. All Mercurial Vapor boots are made in
Soft Ground and Firm Ground varieties.

Martin
O'Neill recently became the latest manager to speak out against brightly
coloured boots and urged players to return to the old-style black
boots.

The Sunderland
manager said: 'When they were introduced, I remember Alan Ball wore a
pair of white boots. Of course, he thought he was a great player and, to
be fair, he was.

'But to wear really luminous boots you had to be a really good player, but nowadays you don’t have to be a good one to wear them.

Old school: Former Man united star - and now QPR boss - Mark Hughes said players used to have one pair of boots for the entire season

Old school: Former Man united star – and now QPR boss – Mark Hughes said players used to have one pair of boots for the entire season

'I
would love if it came back to just wearing black boots. It would be
great. I wore black boots. I certainly wouldn’t have worn orange!

'Under Cloughie, we were allowed two pairs of boots every season and then you had to buy your own after that. Honestly.

'We
had to go down to a place in Nottingham called Redmayne & Todd with
a chit and buy your boots. And if the boots you wanted were more
expensive, you had to put some extra money to it. And we’d only won the
European Cup — twice.’

Other managers share O'Neill's views, including QPR boss Mark Hughes.

He
said: 'When I played you kept the one pair that you broke in and you
wanted to last for the season. At the moment it seems if the boot
company says you’ve got to wear green ones one week then you have to
wear green ones. It comes from the boot company rather than the player.'

Everton
boss David Moyes said: ‘I’m a traditionalist, so it is black boots for
me. If you are a centre half, you can’t wear anything other than black.'

And
Martin Jol, the Fulham manager, said: ‘I don’t like these flashy boots.
But I won’t be too critical. I don’t want a big wall between me and the
players. If they feel they should play in pink then they should. On the
other hand I always tell them that I feel they play better with black
boots. We always played in black boots.'

Barcelona refuse to play Super Cup in China

Barcelona refuse to play Super Cup in China despite deal signed by Spanish Federation

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UPDATED:

12:27 GMT, 16 October 2012

Barcelona will refuse to play the Spanish Super Cup in Beijing next year despite a preliminary agreement between the Spanish Federation (RFEF) and a Chinese promoter.

The federation announced in June it had sealed a deal with Chinese promoter United Vansen International Sport for the two-legged, season-opening tie, which pits the La Liga champions against the King's Cup holders, to be played in Beijing's Bird's Nest stadium.

No thanks: Barcelona do not want to play the Super Cup in China

No thanks: Barcelona do not want to play the Super Cup in China

They did not publish financial details but Spanish media reported that the seven-year deal would net the RFEF around €40million (32m).

'We are not talking about the way the money is shared out, but everything seems to suggest that if we go to China we will lose money, but that's not the reason,' Barca spokesman Toni Freixa said.

'We don't want the Super Cup to be played far away from the club members, but we understand that the federation wants to do business in an attractive market,' he added.

Leading the way: Barcelona are top of La Liga

Leading the way: Barcelona are top of La Liga

'Barca does not want to play the Super Cup in China for social and sporting reasons, because the technical staff don't want it.'

Spanish media reported that Real Madrid are also opposed to playing the Super Cup in China should they qualify.

Hugo Lloris joins Tottenham from Lyon

Spurs swoop to sign French international goalkeeper Lloris from Lyon for 8m

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UPDATED:

22:24 GMT, 31 August 2012

France No 1 goalkeeper Hugo Lloris has joined Tottenham from Lyon on a four year deal.

The fee is 8m which could rise to 12m – and the Ligue 1 side also say they are entitled to 20 per cent of profit should he leave White Hart Lane.

Lloris, who is the France captain and has 38 caps to his name, joined Lyon in 2008 from Nice and made 144 league appearances.

The deal had looked to be in doubt earlier in the day after the Lyon president Jean-Michel Aulas accused Tottenham chairman Daniel Levy of moving the goalposts and said negotiations were the hardest of his 25 years at the top.

Speaking after this afternoon's Europa League draw in Monaco, he said: 'We have had people speaking all night with Daniel Levy. He talks a lot and goes back on what we've agreed in writing.

Heading to the Lane: Hugo Lloris has joined Tottenham

Heading to the Lane: Hugo Lloris has joined Tottenham

'Agreements have not at all been respected. We've done what we can. Hugo has been troubled by the difficulty in these negotiations.

'It's been very, very difficult. I've got 25 years of experience as a president of a club and it's our 16th participation in a European competition in a row. But this is very rare in the football world.

'The negotiation with the Tottenham directors has been the hardest I have ever had to undergo in these 25 years.

'We had email exchanges which have been contradicted, so that's made it very complicated. It's difficult.

'The Tottenham board's theory is to explain that the economic market is very hard and so we have to get used to renegotiating.

'He has agreed personal terms with Tottenham, he remains under that impression but, since, we have had Hugo Lloris on the telephone for a long time overnight and this morning and he's completely undecided about what happens next.

'The first negotiation was at the start of the window, about a month and a half ago, and then nothing for about a month and a half. The negotiation then picked up again about a week ago.'

Lloris thinks that he has joined a club that is capable of qualifying for next year's Champions League.

'I am here because I believe in Tottenham,” the goalkeeper told Spurs TV Online.

'I think everything is OK for the future of Tottenham. They have great team, great players, and a great coach so everything is all right, I think, to win a place in the Champions League next year.

'Now we have to prove that on the pitch and I am ready to give it my all for the club and for the fans.'

West Ham set to sign Miralem Sulejmani from Ajax

Hammers set to swoop for 14m record Ajax signing Sulejmani ahead of deadline day

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UPDATED:

11:53 GMT, 30 August 2012

Fantasy football 2012

West Ham are the favourites to sign Ajax forward Miralem Sulejmani as the Dutch giants prepare to cash-in on their record signing before the transfer window closes.

The Serbia international has struggled to settle in Amsterdam since his 13.8million arrival from Heerenveen in 2008 and is desperate for a move.

Hammer time: Ajax forward Miralem Sulejmani could be set to join West Ham

Hammer time: Ajax forward Miralem Sulejmani could be set to join West Ham

The Hammers have had him watched for over two years and are keen to end their lengthy pursuit in time for Friday's Deadline Day.

The 23-year-old can operate on either flank making him a attractive proposition for Upton Park boss Sam Allardyce who tends to operate one up front with two supporting forwards either side.

Ajax director of football, and former Arsenal star, Marc Overmars has revealed one approach has already been received – but stopped short before confirming it wasa bid from the Barclays Premier League club.

'It's a serious offer, but I can't mention the name of the club,' he said.

'Miralem knows about the interest.'

Market moves: Hammers boss Sam Allardyce is keen to add more firepower to his squad

Market moves: Hammers boss Sam Allardyce is keen to add more firepower to his squad

West Ham are also keen to bring in one more striker before the window slams shut and are expected to make a return bid for Liverpool misfit Andy Carroll.

Nicky Maynard and Carlton Cole could be moved on to help finance any potential arrivals.

Championship side Cardiff are believed to be interested in ex-Bristol City frontman Maynard while Cole is understood to have interested a host of Premier League clubs and in Turkey.

Tottenham ponder fresh Ricardo Carvalho bid

Spurs back in Car chase: AVB on alert after Carvalho misses Madrid US tour

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UPDATED:

08:15 GMT, 30 July 2012

Fantasy football 2012

Ricardo Carvalho could be set for a return to the capital with Tottenham pondering a move for the former Chelsea defender after he was omitted from Real Madrid's US tour.

Up for grabs: Ricardo Carvalho was left out of Madrid's US tour

Up for grabs: Ricardo Carvalho was left out of Madrid's US tour

The 34-year-old Portugal international did not join the rest of Jose Mourinho's squad as they flew out to the United States.

The La Liga champions take on David Beckham's Los Angeles Galaxy on Friday in their opening pre-season match but Calvalho will miss out, prompting fresh doubt over his future at the Bernabeu.

Spurs boss Andre Villas Boas could now be encouraged to rekindle his interest in the centre-half to vill the void of experience left by Ledley King, who will act as a club ambassador next season following his retirement.

Villas Boas already has five central defenders in Jan Vertonghen, Steven Caulker, Younes Kaboul and Michael Dawson to choose from but Frenchman William Gallas expected to leave ahead of the new season.

Market moves: Spurs boss Andre Villas Boas is looking to sign new players this summer

Market moves: Spurs boss Andre Villas Boas is looking to sign new players this summer

Real were hopeful of including Carvalho as part of their offer to sign Luka Modric. But Spurs are holding out for 40million for the Croatian playmaker.

Mourinho, however, did include Kaka and Nuri Sahin in Madrid's touring party despite uncertainty over their futures.

Brazilian star Kaka has been linked with a return to AC Milan while Arsenal are believed to closing in on a loan deal for midfielder Sahin.

Manchester United postpone stock market flotation

United 'temporarily' postpone stock market flotation amid Eurozone fears

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UPDATED:

00:05 GMT, 26 July 2012

Manchester United have temporarily postponed their flotation on the New York Stock Exchange amid market fears caused by the Eurozone crisis.

The Glazer family, who own the club, are believed to have been spooked by the volatile US markets – forcing them to reconsider their 193million flotation in New York.

The plan had been to begin trading United's shares from early August, but this has been put on ice.

Owners: Avi (left) and Joel (right) Glazer, along with their father Malcolm, have opted to postpone Manchester United's flotation

Owners: Avi (left) and Joel (right) Glazer, along with their father Malcolm, have opted to postpone Manchester United's flotation

Advisers at the club are reassessing the plan to list the company's shares after another dismal week in the eurozone, causing the markets to slide.

United were taken over by Malcolm Glazer and his sons for 790million in 2005. The deal was met by protests from angry fans, who took up the mantra of 'Love United, Hate Glazer' from the off.

Fans were opposed to the US businessman taking over because of his reliance on debt financing, which appears to be playing a part in their consideration of a flotation.

United boss Sir Alex Ferguson recently told fans of the club to lay off the Glazer family

United boss Sir Alex Ferguson recently told fans of the club to lay off the Glazer family

It has been reported than some of the 1billion raised in the flotation would be used to pay down the club's massive 420million gross debt.

Manchester United fans have welcomed the news of the flotation – not only will it dilute the Glazers grip on the club's finances, it could also pay off some of the huge debt their noisy neighbours, Manchester City, persistently remind them of.

Transfer spending down by a third in 2012

Football feels economic pinch with global transfer spending down a third in 2012

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UPDATED:

18:17 GMT, 23 July 2012

Fantasy football 2012

Football has been hit by the worldwide recession with transfer spending during the first six months of this year down by more than a third.

Global financial problems and the impact of UEFA's fair play regulations have been cited as causes for a fall in total payments between clubs in transfer and loan fees of US dollars 294million – around 190m – to 576m (372m) on the same period last year, a decrease of 34%.

The figures are contained in FIFA's mid-year review of the international transfer market.

Buck the trend: Chelsea splashed 32million on Eden Hazard

Buck the trend: Chelsea splashed 32million on Eden Hazard

The report says: 'This could suggest that the effects of the global recession – for instance, distressed corporate sponsors, restrictive bank lending policies and reduced overdraft facilities for clubs – are being felt in the international football transfer market.

'A further factor may be the high concentration of wealth in a relatively small number of associations; any reduction in spending in those few associations could have a disproportionately high impact on aggregate transfer fees worldwide.

'Finally, given the share of the European transfer market, the efforts of those clubs to bring themselves in line with the UEFA Financial Fair Play Regulations before the onset of sanctions for indebted clubs may contribute to a fall-off in transfer compensation rates.'

Of the 4,973 transfers completed during the period, 708 involved Brazilian clubs with England second on the list on 326.

No association spent more than Russia, where clubs invested a total of 64.39m – 41.56m – while Brazilian clubs raked in 64.95m, or 41.92m, at the same time spending 62.02m (40.03m).

English sides invested 55.43m (35.78m) and recouped 58.83m (37.97m).