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’[Modern Football Finance] Arsenal edition
Some further thoughts on Stan Kronenke’s £731m cash offer to take control of Arsenal Holdings from the ever informative Andersred blog.
One is the whacking multiple the US sports franchise billionaire is prepared to pay for the Premier League club.
Dragon Oil big vote countdown
Emirates National Oil Company said on Wednesday morning it was sticking with its Scheme of Arrangement (SoA) structure for its ₤1.1bn bid for Dragon Oil.
This is a key development in the deal for one reason — an SoA requires a shareholder vote in which ENOC cannot participate with its own 52 per cent stake.
UAE: ‘the best banking model to weather the financial crisis’
Statement from the UAE central bank:
Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the UAE .
Central Bank has issued a Notice to UAE banks and branches of foreign banks operating in the UAE,
Diverging strategies, airline edition
While most of the world’s airlines weather recession by hunkering down, trimming capacity to cut costs and deal with slackening demand, there are those that have a somewhat different strategy. Spot the odd ones out in this Bernstein chart.
Emirates set for $20bn flotation in Dubai
Emirates, one of the fastest-growing airlines in the world, is considering an IPO that could value the Gulf carrier at up to $20bn, reports the Times. The news comes a week after DP World, the ports operator that bought P&O last year,