Connect with us
deals book
Advertisement
Polaris bank
Advertisement
Oando
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Binance
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
Access bank
Advertisement
app

Sports

Manchester City owner, Sheikh Mansour spends £760k on old FA Cup Trophy

Manchester City owner, Sheikh Mansour has paid almost £760,000 to buy the oldest surviving FA Cup.

Published

on

Manchester City owner, Sheikh Mansour bin Zayed, purchased the 1896–1910 Football Association Challenge Cup (FA Cup) at an auction.

The FA Cup was the first trophy won by Manchester City 116 years ago when they defeated Bolton Wanderers 1-0 in 1904 final, making the Manchester club the first professional football club from Manchester to capture a major honour. They are now the proud custodian of their first trophy.

READ: Barcelona overtakes Real Madrid on biggest earners’ list 

The club tweeted, “We are delighted to announce we are now the proud custodian of the 1896–1910 #FACup following the recent purchase of the trophy at auction by Club owner, His Highness Sheikh Mansour bin Zayed.”

READ: Manchester United: A football club or a business

READ: Billionaire, Uzor Kalu wants to buy 35% stake in Arsenal FC

Etihad chairman, Sheikh Khaldoon al-Mubarak, on commenting on the purchase said: “This Cup is a visible reminder of the rich and long history of English football to which Manchester City is inextricably entwined.

Hotflex

READ: Solskjaer sanctions Pogba and Lukaku’s €212 million sale amidst low budget

“Winning this actual trophy in 1904 was a turning point for the Club and for the city of Manchester in that it firmly cemented football in the heart of its community.”

READ: Chelsea Football Club owner sells gold mining stake for $1.4 billion

What you should know

  • The cup was previously the property of West Ham co-owner, David Gold, before he put it up for sale last year September by an anonymous buyer which is now revealed to be Manchester City’s owner.
  • Auctioneers Bonhams had announced that a particular item of silverware was sold for £760,000 ($1.03m).
  • The cup is the forerunner of the current FA Cup and also the oldest surviving piece of FA Cup silverware in England and the one first used in 1871 stolen from a shop while on display following Aston Villa’s triumph in 1895 and that was the last time it was seen.
  • Originally, there were fears that the trophy would be bought privately and taken overseas, before Mansour stepped in to ensure the trophy will remain in England for the benefit of English football.
  • The trophy has been offered to the National Football Museum in Manchester, England on loan, where it has been housed for the past 16 years, 2005.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sports

Jose Mourinho announced as Roma’s new head coach

Top Italian football club, AS Roma, has appointed Jose Mourinho as its new head coach for 2021/2022 season.

Published

on

Jose Mourinho announced as Roma's new head coach

Former Tottenham Hotspur manager, Jose Mourinho has reached an agreement with AS Roma to become the club’s Head Coach for the 2021/22 campaign.

The Portuguese manager who was sacked in April after just seven months in charge due to Tottenham Hotspur’s poor performance has agreed to a three-year contract with AS Roma which will run till June 2024.

In the early hours of today, AS Roma announced that their current manager, Paulo Fonseca, would leave the club at the end of the current season. Hours later, they announced their agreement with Mourinho.

What Jose Mourinho said about the new appointment

“Thank you to the Friedkin family for choosing me to lead this great club and to be part of their vision,” Mourinho said.

“After meetings with the ownership and Tiago Pinto, I immediately understood the full extent of their ambitions for AS Roma. It is the same ambition and drive that has always motivated me and together we want to build a winning project over the upcoming years.

The incredible passion of the Roma fans convinced me to accept the job and I cannot wait to start next season.

In the meantime, I wish Paulo Fonseca all the best and I hope the media appreciate that I will only speak further in due course. Daje Roma!” he added.

This is Jose Mourinho’s second spell in Serie A after his famous two seasons spent in Inter.

Hotflex

What Roma bosses are saying about Mourinho’s appointment

In welcoming the Portuguese coach to the team, club president Dan Friedkin and vice-president Ryan Friedkin said:

“We are thrilled and delighted to welcome José Mourinho into the AS Roma family.

A great champion who has won trophies at every level, José will provide tremendous leadership and experience to our ambitious project. 

The appointment of José is a huge step in building a long-term and consistent winning culture throughout the club.”

Tiago Pinto, Roma’s General Manager (Football) also pitched in, saying:

“When José became available, we immediately jumped at the chance to speak with one of the greatest managers of all time. We were blown away by José’s desire to win and his passion for the game: no matter how many trophies he has won, his primary focus is always on the next one. He possesses the knowledge, experience and leadership to compete at all levels.

We know that in order to build a successful sporting project it takes time, patience and the right people in the right positions. We are supremely confident that José will be the perfect coach for our project, for both our immediate and long-term future.

Jaiz bank

Together with the vision and ambition of Dan and Ryan Friedkin, we will build the foundations of a new AS Roma.”

In case you missed it

Jose Mourinho was sacked 17 months into a three-and-a-half-year contract, after which he got a £16m compensation fee for being relieved of his managerial duties early in his contract.

Continue Reading

Sports

Spotify CEO, Daniel Ek insists he is ‘very serious’ about Arsenal takeover bid

According to reports, Daniel Ek is expected to submit his first bid which is in the region of £1.8billion in the next few days.

Published

on

Following Stan Kroenke’s role in failed breakaway Super League, there has been outrage and protests with fans calling for his exit from the club’s ownership.

At Arsenal’s last Premier League match against Everton on Friday, thousands of fans protested outside the Emirates Stadium brandishing placards that read #KreonkeOut. Social media was also awash with protesting fans.

Daniel Ek, CEO of Spotify, the Swedish audio streaming and media services provider, has expressed his interest in buying the London giants on his Twitter account saying he would be happy to throw his hat in the ring if the club owner would like to sell.

READ: Abigail Johnson is the world’s richest in finance, manages a $5 trillion investment company

“As a kid growing up, I’ve cheered for @Arsenal as long as I can remember. If KSE would like to sell Arsenal I’d be happy to throw my hat in the ring,” his account read.

Daniel Ek is a Swedish billionaire entrepreneur and technologist. He doubles as the Co-Founder and CEO of audio streaming service, Spotify. The company has more than 180 million users and boasts of more than 87 million paying subscribers. According to Forbes, his real-time net worth is $4.3billion.

However, on Tuesday, Stan Kroenke through his Kroenke Sports and Entertainment (KSE), said in a statement that he doesn’t have any intention of selling.

READ: There are only 15 black billionaires in the world, here are the top 10

Hotflex

“In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club. We remain 100 percent committed to Arsenal and are not selling any stake in the club. We have not received any offer and we will not entertain any offer,” read the KSE statement.

In 2007, Stan Kroenke bought a 9.9% stake in Arsenal. Slowly, he built up his shares until it shot to 62.89% in 2011. Then, in 2018, he assumed full control of the club after Russian Alisher Usmanov, who has a net worth of $18.4 billion accepted his bid of £550million to buy him out.

READ: Football fans cashing out with Crypto as Juventus’ fan token rises by 596.98%

Ek’s ambition to buy Arsenal FC

According to reports, Daniel Ek is expected to submit his first bid which is in the region of £1.8billion in the next few days. He has also enlisted the support of club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira.

In an interview with CNBC, he said he has secured the funds to complete the takeover.

“I’ve been an Arsenal fan since I was eight years old. Arsenal is my team. I love the history. I love the players. And of course, I love the fans,” he said.

“So as I look at that, I just see a tremendous opportunity to set a real vision for the club to bring it back to its glory. And I want to establish trust with fans and I want to engage the fans again.

Jaiz bank

So, to answer your question, I’m very serious. You know, I have secured the funds for it and I want to bring what I think is a very compelling offer to the owners and I hope they hear me out.

READ: Jeff Bezos now worth over $200 billion

I’ve been a fan for 30 years of this club and I certainly didn’t expect that this would happen overnight and I’m prepared that this could be a long journey. But all I can do is prepare what I think is a very thoughtful offer and bring it to them and hope they hear me out.

I’m just focused on the club, I focus on the fans and I focus on trying to bring the club back to glory and as you said, I’m first and foremost a fan. That’s the most important thing for me and I want the club to do better – that’s my primary interest,” he added.

What Arsenal’s legendary coach, Arsene Wenger thinks about Ek’s ambition

In an interview, Arsene Wenger faulted the Swedish billionaire, Daniel Ek, for expressing his interest to buy the club saying he now has ‘a mountain to climb.’

He said, “For the project, the best deals are made when nobody knew about it and you come out and it is done.”

“Once you announce things, you have a mountain to climb after. Nobody wants to give in and I think it is better always if you do your deal, then when it is done you come out and tell people what you want,” he added.

Can Ek fund the move?

“His wealth actually has been misreported in recent days. I mean the exact detail is that he owns 8 per cent of Spotify and currently Spotify shares have actually fallen by 10 per cent on the New York Stock Exchange (NYSE) this afternoon.

app

The company is currently valued at around $50bn, so he owns 8 per cent of $50bn – around $4bn to be precise. Now we don’t know whether he has got liquid funds in addition to that,” Sky News Business Presenter, Ian King said.

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.