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☆ Jeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play
▼ + stars: | 2024-04-30 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

Jeff Zucker’s bid for Tory titan-hood has come to an end. The media executive on Tuesday formally abandoned his attempt to take the reins of London’s Daily Telegraph, bailing out after British political and news leaders balked at Mr. Zucker’s reliance on Emirati financiers to bankroll the effort. Mr. Zucker’s venture company, RedBird IMI, had sought government approval to complete a debt-for-equity deal that would hand it control of The Telegraph and its sister magazine, The Spectator. Because of the withdrawal, other prospective owners may now attempt to purchase the publications. “Our ownership would have seen the strongest editorial protections ever put forward for a U.K. newspaper, along with much-needed investment,” a RedBird IMI spokesperson said in a statement.

Persons: Jeff Zucker’s, “, Sheikh Mansour bin Zayed al Nahyan Organizations: London’s Daily Telegraph, Mr, RedBird IMI, The Telegraph, The, IMI, The Spectator, RedBird, Media Investments, United Locations: Abu Dhabi, United Arab Emirates

☆ How far does Gulf money go? An Abu Dhabi-backed newspaper buyout attempt is sparking panic in London
▼ + stars: | 2024-03-14 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023. More than 100 members of Parliament have signed a letter opposing the buyout of major British newspaper the Telegraph and news magazine, The Spectator, by UAE government-backed investment fund RedBird IMI. Long a favorite of Britain's Conservative Party, ownership of the 168-year old daily is not just about profit, but about power. The deal would ultimately see the Telegraph, which is valued at a reported £600 million, come under full Emirati ownership. Lawmakers have been scrambling to introduce a new law that would enable Parliament to veto buyouts of news outlets by foreign governments.

Persons: Sheikh Mansour bin Zayed, Nahyan, Britain's, Long, Sheikh Mansour bin Zayed Al Nahyan, Barclay, Lucy Frazer Organizations: Daily Telegraph, UAE, COP28, United Arab Emirates, United Emirates, British, Telegraph, The, IMI, Britain's Conservative Party, Lloyds Bank, State for Culture, Media, Sport Locations: London, DUBAI, United Arab, Qatar, Saudi Arabia, UAE

☆ Jeff Zucker Nears Major Deal to Re-enter the News Business
▼ + stars: | 2023-11-21 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +2 min

After a series of financial maneuvers, RedBird IMI would assume ownership and management of The Telegraph and The Spectator. Redbird IMI said its Emirati partner would be a passive investor. Mr. Zucker declined to comment, citing the pending negotiations. Mr. Zucker does not plan to oversee day-to-day news coverage, the person said. RedBird IMI is a joint venture between RedBird Capital, a private-equity firm, and a private investment fund that Sheikh Mansour bin Zayed al Nahyan, an Emirati royal, runs.

Persons: Barclay, Rupert Murdoch, Lord Rothermere, Zucker, Sheikh Mansour bin Zayed al Nahyan Organizations: Telegraph, London’s Daily Mail, RedBird IMI, IMI, The Telegraph, RedBird, Conservative, IMI “ Locations: Abu Dhabi, United States, London

☆ Israel weapons makers leave stands empty at Dubai Airshow
▼ + stars: | 2023-11-13 | by ( Alexander Cornwell | ) www.reuters.com time to read: +3 min

DUBAI, Nov 13 (Reuters) - The exhibition stands of Israeli weapons makers Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems were empty at the start of the opening day of the weeklong Dubai Airshow on Monday, amid the Israel-Hamas war in Gaza. It was not immediately clear why there were no staff at either exhibition stand, which were located close to the pavilion of United Arab Emirates state arms maker EDGE. IAI and EDGE signed joint development programmes at the last Dubai Airshow in 2021. The IAI exhibition stand was blocked off with red rope. The UAE became the most prominent Arab nation to establish diplomatic ties with Israel in 30 years under the U.S.-brokered Abraham Accords in 2020.

Persons: Rafael, Gaza –, Abraham, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mohamed, Alexander Cornwell, Christopher Cushing Organizations: Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, United Arab, EDGE, Palestinian Hamas, UAE, Israel, Elbit Systems, Reuters, The, U.S, Abraham Accords, Arab League, of Islamic Cooperation, Thomson Locations: DUBAI, Dubai, Israel, Gaza, United Arab Emirates, Palestinian, Israeli, UAE, Arab, U.S, The UAE

☆ Manchester City Completes Historic Trophy Sweep with Champions League Title
▼ + stars: | 2023-06-11 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Erling Haaland of Manchester City celebrates winning the Champions League Final in Istanbul on Saturday. Photo: PHOTO: sedat suna/ShutterstockISTANBUL—Two years after he acquired Manchester City, then a sad-sack English soccer club in the shadow of a crosstown rival, a young royal from Abu Dhabi went to watch his team play in person for the first time. His name was Sheikh Mansour bin Zayed Al Nahyan, his family was incalculably wealthy, and his new plaything was facing Liverpool. That was in 2010.

Persons: Erling Haaland, sedat, Abu Dhabi, Sheikh Mansour bin Zayed Al Nahyan Organizations: Manchester City, Liverpool Locations: Istanbul, Shutterstock ISTANBUL, Abu

☆ Manchester City wins Champions League for first time, beating Inter Milan 1-0 in tense Istanbul final
▼ + stars: | 2023-06-10 | by ( Aimee Lewis | ) edition.cnn.com time to read: +7 min

This was not only a night when City won its first Champions League. In beating three-time champion Inter, Pep Guardiola’s side became only the second English team to achieve the treble, winning the Premier League, FA Cup and Champions League in the same season. Rodri pictured scoring the winner which secured City the Champions League trophy. Manchester City has won the Premier League, FA Cup and Champions League this season. Will City dominate the Champions League like it has the Premier League?

Persons: Manchester City’s, Sheikh Mansour bin Zayed Al Nahyan, Pep, Alex Ferguson, Shaun Botterill, Bernardo Silva, Erling Haaland, André Onana, Nicolò Barella, Ederson, Rodri, Federico Dimarco’s, Romelu Lukaku, Catherine Ivill, Sheikh Mansour –, –, ” Guardiola, Guardiola, “, ”, Martin Rickett, Abu, Umit Bektas, Jack Grealish, I’ve Organizations: CNN, Manchester, Abu Dhabi United Group, Champions League, Inter Milan, City, Inter, Premier League, FA, Manchester United, City . Manchester City, League, Monaco, Tottenham, Real Madrid, BT Sport, Inter’s, Etihad, Reuters Locations: Istanbul, Europe, City . Manchester, Liverpool, Lyon, Chelsea, Manchester City, Abu Dhabi, Will City, Barcelona

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

☆ Manchester City win Premier League title as Arsenal lose
▼ + stars: | 2023-05-20 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

LONDON, May 20 (Reuters) - Manchester City were confirmed as Premier League champions for the fifth time in six seasons on Saturday without even having to kick a ball after second-placed Arsenal's challenge ended in defeat away at Nottingham Forest. City have now joined an elite group of clubs to win three successive English top-flight titles, with Huddersfield Town, Arsenal, Liverpool and Manchester United the only others. "The Premier League is without doubt the most demanding and competitive league in the world so that tells you everything about what an achievement this is," he said. That quality and consistency helps sum up what Manchester City stand for and ensures the club will continue to strive for success going forward." Defeat at Forest means Arsenal have won only two of their last eight matches in the league.

☆ 9 Middle Eastern funds and investors pouring money into US media, sports, and entertainment
▼ + stars: | 2023-04-03 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ Abu Dhabi shakes up wealth funds with top royals chairing
▼ + stars: | 2023-03-09 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

DUBAI, March 9 (Reuters) - Abu Dhabi announced a reshuffle at the top of its two biggest sovereign wealth funds on Thursday, appointing senior members of the royal family as chairmen. Sheikh Tahnoun bin Zayed Al Nahyan, one of the most powerful members of Abu Dhabi's royal family, was named chair of the Abu Dhabi Investment Authority (ADIA), among the world's largest sovereign wealth funds, the government's media office said. ADIA is estimated by Global SWF to manage $993 billion in assets, while the Sovereign Wealth Fund Institute puts the figure at $790 billion. The wealth fund's last chairman was the previous UAE president, Sheikh Khalifa bin Zayed Al Nahyan, who died last year. MORE NEWCOMERSThe UAE president is appointing his brothers as chairmen at state sovereign wealth funds rather than chairing them himself.

☆ Soccer’s Premier League accuses Manchester City of breaching financial rules
▼ + stars: | 2023-02-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A general view of Etihad Stadium, home of Manchester City, on September 14, 2022 in Manchester, United Kingdom. The Premier League has referred the club to an enquiry over an alleged breach of financial rules. LONDON — The English Premier League on Monday announced it has referred soccer club Manchester City to an independent commission over alleged breaches of its financial rules. A commission will be held in private, with members appointed by the chair of the Premier League Judicial Panel. A spokesperson for Manchester City was not immediately available for comment when contacted by CNBC.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

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