List of All Articles with Tag 'foot'

Chelsea are negotiating a fee of £50m with add-ons for Romeo Lavia, after the midfielder signalled his intention to leave Southampton for Stamford Bridge rather than Liverpool. The Anfield club had earlier on Monday had a £60m bid accepted for the 19-year-old and, while he was interested in going north, moving to London has proved a more favourable option. There was some frustration given that it was felt Liverpool could have had a deal done last week, but Southampton absolutely refused to drop their asking price from £50m, in what has proved a seller's market. The signing will take Chelsea's expenditure to over £900m gross since the takeover in May 2022, and raised questions over how they will meet Financial Fair Play requirements. While the spending has inevitably been the subject of a lot of discussion at the top levels of clubs, just as it has been in the wider game, there has been no contact with the Premier League about it. Chelsea are likely to still have a number of outgoings in the two weeks left of the window - although that does raise the issue of clubs knowing they need to sell. The Premier League are expected to change their rules to bring them in line with Uefa's, closing a loophole that allows transfer fees to be spread over a longer-period and setting a limit at five years, but that will not affect the last year's spending. The regulations are also dependent on the year-end date for signings and which year the transactions go into. Chelsea completed the signing of Moises Caicedo for an initial £100m from Brighton earlier on Monday. Read More Chelsea end Caicedo saga by signing Brighton midfielder for initial £100m Chelsea’s £1bn spending spree still isn’t enough Chelsea and Liverpool trial football without defensive midfielders

Ohio State athletic director Gene Smith explained why the Big Ten was eventually able to add Oregon and Washington, resulting in the hostile takeover and eventual death of the Pac-12.Mo money, mo problems...It was all a dream. I used to watch Pac-12 After Dark! Now we are left with a Pacific...

Female workers who produce Fifa merchandise for events such as the Women’s World Cup have endured pay below minimum wage, verbal abuse, unpaid overtime and threats of job loss if they fall pregnant, according to a new report by human rights researcher Equidem. Equidem has criticised Fifa for not taking action on a situation that seems to go against the advances the tournament has been responsible for, and president Gianni Infantino has been urged to extend “that progress to addressing the harms its women workers experience”. Equidem has put its report into the context of the litany of migrant labour abuses that occurred due to the men’s World Cup in Qatar and asked why there has been no update from a human rights subcommittee that was supposed to be set up to assess the legacy of that event, raising questions about Fifa’s expressed commitment to improving working conditions. The report features interviews with women workers in factories in Bangladesh that make official merchandise for Fifa events, and involves distressing testimonies including verbal abuse and the illegal denial of worksite childcare and maternity leave. Equidem heard several stories of women denied freedom of association. “We have a daily target to reach,” one worker said. “The supervisor fixes our daily target. I make 60-80 pieces per hour. I can only go to the restroom after finishing my hourly target. When a lot of work piles up, they don’t let us go anywhere. They verbally abuse us. I work for 10-12 hours a day at my sewing machine. Today, my supervisor told me to give 80 pieces per hour, but it was quite difficult to make 80 pieces. I made 60 pieces per hour. He shouted at me several times. “I can’t keep my son with me. I work between eight and 12 hours every day. Who will look after him? I searched for someone to leave my son with when I went to work, but I did not get anyone. We don’t have a childcare room in our factory. My son lives in Dhaka with my mother-in law and father-in-law.” Workers described a common practice of being told they would lose their jobs if they became pregnant during the first two years of employment. One woman employed as a sewing machine operator explained: “When I started working here, the factory doctor told me not to have babies for the first two years. I was told that after completing two years, I can have children. If I get pregnant before that, I will have to resign. They will not give me any leave.” Some workers spoken to by Equidem reported that they did not get paid any maternity leave at all, even though they are supposed to be legally entitled to four months, making it a clear violation of Bangladeshi law. Equidem’s CEO Mustafa Qadri states: “After the Men’s World Cup this past year in Qatar, FIFA pledged to set up a human rights subcommittee that would assess the legacy of the 2022 tournament, although there has been no further update as to the status of that assessment, nor its learnings. Equidem urges FIFA to extend its expressed commitment to improving working conditions to women workers in their apparel supply chains. "Yet, the world has seen significant advances in pay parity for women players, including making the Women’s World Cup more professional, ensuring equal regulations and conditions, and fair distribution of prize money to players. The United States team, after years of negotiations, public battles, and court filing won an equal pay deal that makes them one of the best-paid national teams in the world. "The FIFA Women’s World Cup 2023 brings with it many positive improvements for its players, and it is crucial that FIFA extends that progress to addressing the harms its women workers experience. FIFA has the power, money, and resource to address this at the systemic level, and we will keep monitoring their global supply chains until it does. “This movement toward gender parity within FIFA, signals a heightened commitment within the organisation to fair conditions for women players—on par with their male counterparts. This should extend to all women, not just those under the stadium lights.” A Fifa spokesperson said: “FIFA has stringent labour rights requirements for companies producing FIFA-licensed goods and takes any allegation of labour rights abuse in its supply chain very seriously. FIFA is in contact with both Equidem and the respective companies to further investigate the matter.” Read More Fifa urged to make human rights key consideration for World Cup 2030 host ‘Matter of when not whether’ UK hosts Women’s World Cup – sports minister Kevin De Bruyne says new approach to added time ‘doesn’t make any sense’ How much added time? Football’s new guidelines and the impact they will have Raphael Varane says players’ opinions ignored over ‘damaging’ new guidelines

Chelsea have agreed a resolution with UEFA that will see them hand over 10million euros (£8.57million) after owning up to “incomplete financial reporting” under the Roman Abramovich regime. A new ownership group led by Todd Boehly and Clearlake Capital completed their takeover of the club in May last year from Abramovich, who was sanctioned over his links to Russia president Vladimir Putin. UEFA, which has also banned Juventus from competing in the Europa Conference League this season due to financial irregularities, confirmed it was approached “proactively” by the Boehly-led consortium. They detected instances of partial financial information being submitted in historical transactions occurring between 2012 and 2019, breaching UEFA Club Licensing and Financial Fair Play regulations. A UEFA statement said: “Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of 10million euros to fully resolve the reported matters.” The sanction represents another blow for Chelsea’s current owners after a disappointing first year at the helm, with the club’s 12th-place finish in the Premier League last term their worst since 1993-94. Chelsea have forked out around £600million in transfers since Boehly’s arrival, while former Tottenham boss Mauricio Pochettino has been tasked with turning around their on-pitch fortunes. Chelsea said in a statement the owners became aware of potential impropriety when carrying out a “thorough due diligence process” prior to the purchase and, upon completion of the takeover, they reported this to UEFA. The statement added: “In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters. “We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.” Juventus have also been reprimanded after a separate UEFA investigation and as well as throwing the Italian giants out of European football, they have been fined 20million euros (£17.14m). However, half of that fine has been suspended and Juventus will only have to pay if their financial records for the next three years do not comply with the accounting requirements. Juventus – who were docked 10 points last season over their past transfer dealings, effectively ending their hopes of Champions League qualification – were found to have violated the framework of a settlement agreement with UEFA in August last year. Juventus president Gianluca Ferrero said in a statement on the club’s website: “We regret the decision of the UEFA Club Financial Control Body. “We do not share the interpretation that has been given of our defence and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments. “However, we have decided not to appeal this judgement. Despite this painful decision, we can now face the new season by focusing on the field and not on the courts.”

British billionaire Joe Lewis – whose family trust owns Tottenham – has been bailed by a judge in New York after pleading not guilty to charges of giving insider trading tips, according to reports. The 86-year-old, who faces 16 counts of securities fraud and three counts of conspiracy, appeared at an arraignment hearing at Manhattan Federal Court on Wednesday. After entering a not guilty plea Lewis was released on a bail of 300 million US dollars (£230m), reportedly secured by a yacht and private aircraft equivalent to that amount. Lewis, and two of his pilots who are also facing charges, must remain in the United States. Prosecutors say Lewis, who was arrested on Wednesday morning, is alleged to have used his access to confidential information to provide stock tips to individuals close to him, with the indictment referring to one girlfriend having made 849,000 US dollars (£657,000) on one of those tip-offs. Lewis’ legal counsel David Zornow, from the Skadden, Arps, Slate, Meagher & Flom firm, said: “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” Each of the first 13 counts of securities fraud carries a maximum sentence of 20 years in prison, Manhattan prosecutors said in a statement issued on Wednesday. The US Attorney for the Southern District of New York, Damian Williams, announced on Tuesday that Lewis had been indicted over a “brazen insider trading scheme”. Prosecutors said Lewis, by virtue of his investments in certain companies, received material and non-public information about these companies. A release from prosecutors on Wednesday alleged Lewis had “misused and misappropriated this confidential information to provide stock tips to various individuals in his life, including his employees, romantic partners, and friends, as a way to provide them with compensation and gifts”. It added: “These individuals, in turn, traded on the tips provided by Lewis for vast personal gain.” Lewis bought a controlling stake in Spurs in 2001 for £22million. He officially ceded control of the club last year, with Bahamian lawyer Bryan A Glinton replacing him as a director according to Companies House. His stake in the club – which he held through the ENIC Group alongside Daniel Levy – was formally handed to a family trust last year. Family members of Lewis remain beneficiaries of the trust. PA understands the Premier League does not consider Lewis as a person with control at Tottenham, and is therefore not subject to its owners’ and directors’ test. A Tottenham spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.” US prosecutors said Lewis is also alleged to have falsely disclosed the extent of his ownership shares in a pharmaceutical company, Mirati, “through an elaborate array of shell companies and other entities, including an offshore trust purportedly for the benefit of his granddaughter”. As a result of this alleged false disclosure, prosecutors said he was able to exercise warrants in Mirati that he would otherwise not have been able to exercise, “at vast financial gain”. Also charged were Patrick O’Connor and Bryan Waugh, two pilots employed by Lewis to fly his private aircraft. In one instance, it is alleged Lewis loaned each of them 500,000 US dollars (more than £387,000) to buy shares in a company before it publicly announced favourable information about some clinical results. This type of behaviour - blatant disregard for the law - is not only illegal but undermines the integrity of our financial markets. Christie M Curtis, FBI Federal Bureau of Investigation (FBI) acting assistant director in charge Christie M Curtis said: “As alleged, Mr Lewis treated material, non-public information at his disposal as though it was something he could give his friends and associates for their benefit. “This type of behaviour – blatant disregard for the law – is not only illegal but undermines the integrity of our financial markets. “The FBI is determined to ensure that anyone willing to perpetrate insider trading schemes is held accountable in the United States criminal justice system.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Kylian Mbappe reportedly turns down chance to discuss move to Al Hilal Sussex head coach Paul Farbrace says Jofra Archer is ‘on course’ for World Cup Tom Latham and Will Jacks both make 99 as Surrey build lead over Somerset

Joe Lewis, the billionaire owner of Tottenham Hotspur, has been indicted in the US on charges of insider trading. Lewis has been accused of “abusing his access to corporate boardrooms” to provide information to lovers, friends and even his private pilots. Lewis has denied the charges. In a statement, his lawyers said they would “vigorously fight” to clear his name. Who is Joe Lewis and how did he make his money? Lewis made his fortune primarily in foreign exchange and investment. He is ranked 39th among the UK’s wealthiest people, according to the Sunday Times Rich List, with a net worth of £5bn. Born in the East End of London in 1937, Lewis left school at 15 to work for his father’s catering company. He took over and rapidly expanded the business into a series of themed restaurants aimed at tourists, before selling in 1979, giving him more money to invest in his new venture, currency trading. Lewis gave Robert Earl, who later founded Hard Rock and Planet Hollywood, his first job. He was ferociously successful at working the currency markets during the 1980s and 1990s, notably betting that Britain would be forced to exit the European Monetary System, which it did in September 1992 amid the ‘Black Wednesday’ financial crisis. He earned the nickname The Boxer, a reference both to his power in the investment ring and his legendary almost namesake, Joe Louis. But he endured bruising defeats too, and lost $1bn – then a third of his fortune – in a single day when the American bank Bear Stearns collapsed at the start of the 2008 financial crisis. His $1.2bn stake was reduced to $22m in a matter of hours. Lewis owns the Tavistock Group, first set up in 1975 and now one of the most renowned and powerful private equity organisations in the world. He founded the business in the Bahamas to escape UK tax laws. Along with his Bahamian mansion, Lewis owns a ranch in Argentina (which has caused conflict with local residents), multiple homes in Florida and more property across the world. The 86-year-old is married to his long-term secretary Jane, and has two children by his first wife, Esther Browne. His son Charles lives in Argentina and is largely disconnected from the family business, but his daughter Vivienne is heavily involved. She serves on Tavistock’s board of directors and is president of the prestigious Isleworth Golf and Country Club in Florida, which Lewis owns. He has a waterfront mansion on the 600-acre Isleworth property, which is surrounded by heavy security. Lewis almost never makes public statements or conducts media interviews. Lewis loves golf, and counts Tiger Woods not only as a close friend and neighbour but also a business partner. Together they embarked on a 600-acre luxury resort called Albany on New Providence Island in the Bahamas, alongside fellow golfer Ernie Els and the singer Justin Timberlake. Albany features a mega-yacht marina, lavish villas and a championship golf course which hosts Tiger Woods’ invitational tournament, the Hero World Challenge. What has Lewis spent his fortune on? Lewis has a diverse portfolio of investments all over the world, including luxury resorts in the Americas, property in Bulgaria and even an Australian agriculture company. The development arm of Tavistock is building a 17 square-mile community at Lake Nona near Orlando, Florida, where Disney is to move its headquarters. He owns a superyacht called Aviva, which is 98m long and took three years to build. It’s most striking feature is an indoor paddle tennis court, Lewis’s daily activity, at the heart of the boat. His wardrobe is particularly decadent, described by designer Andrew Langton as “bigger than my house in France”. Lewis owns one of the most expensive private art collections in the world, including original works by Picasso and Matisse, many of which are aboard Aviva. Through Tavistock, via the ENIC Group, Lewis also owns Tottenham Hotspur. He bought 29.9% of Tottenham in 1991, and increased his stake to a majority holding in February 2001, buying out most of Lord Sugar’s shares. Despite appearing to have little interest in football, rarely showing up at Tottenham’s training ground or matches, Lewis has invested in a number of clubs including Rangers – supposedly encouraged by his former neighbour in the Bahamas, Sean Connery – and Slavia Prague. After 21 years in charge of Tottenham, Lewis is the Premier League’s longest-serving owner. The club have since moved into a world-leading stadium and reached the Champions League final in 2019, but they have won only one trophy during Lewis’s ownership and his man in charge – Spurs chairman Daniel Levy – is under increasing pressure to deliver results on the pitch. The charges brought against Lewis could disqualify him from owning Spurs under Premier League rules, should he be found guilty. What has he been charged with? Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers... It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” A Tottenham club spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.” Read More Billionaire and Tottenham Hotspur owner Joe Lewis indicted in US for ‘brazen insider trading’

Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme. “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers. “That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. “That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.

Manchester United are in advanced talks with Atalanta over a deal for Rasmus Hojlund, with the Premier League club negotiating how much of the fee will be made up of add-ons. United are getting closer to an agreement for the No 9, and initial expectations that the price could be as high as £80million have been tempered. There is now hope that a deal can be struck for around £60m. That would bring a successful summer of recruitment in under budget and compliant with Financial Fair Play, with sales potentially allowing the purchase of Fiorentina’s Sofyan Amrabat in midfield. Contact has already been made there, and the basics of a deal have been set up. United are now much more advanced in their talks with Hojlund, 20, who has agreed personal terms and is excited about the prospect of going to Old Trafford this summer. That does not necessarily mean the signing will be imminent, however, as the nature of negotiations over intricacies and terms is expected to take time. There is nevertheless an increasing confidence that the move will be completed. Should it happen, Denmark international Hojlund would represent the first major striker to move this summer, in what is seen as the most competitive market of all. Read More More than ever, Man Utd must prove they are a ‘selling club’ Carey pays for haircut and Broad is sledged – Tuesday’s sporting social Marcus Rashford signs new five-year deal at Manchester United

Leeds have announced the EFL has approved the club’s takeover by American investment group 49ers Enterprises. Chairman and majority shareholder Andrea Radrizzani agreed to sell his controlling stake last month and the deal, which valued the club at around £170million, has now been confirmed. 49ers Enterprises, which owns NFL franchise the San Francisco 49ers, has steadily increased its stake in Leeds since becoming a minority shareholder in 2018, while the deal includes full ownership of Elland Road. Paraag Marathe, previously vice-chairman, will take over as chairman, chief executive Angus Kinnear will remain in his current position and Rudy Cline-Thomas, founder and managing partner of venture capital firm MASTRY, will join the board as co-owner and vice-chairman. Former Norwich boss Daniel Farke was appointed manager on a four-year deal earlier this month ahead of the coming season’s bid to secure an immediate return to the Premier League following relegation in May. Marathe said in a Leeds statement: “This is an important moment for Leeds United and we are already hard at work. “This transition is a necessary reset to chart a new course for the club. We have already appointed a highly-respected first-team manager with a track record of success, and we are confident Leeds will field a competitive squad to contend for promotion next season. “It’s a privilege to carry this torch as I know we have a responsibility to ensure this club makes our staff, players, supporters and the Leeds and Yorkshire communities proud.” This is an important moment for Leeds United and we are already hard at work. New Leeds chairman Paraag Marathe Cline-Thomas said: “With my family hailing from Leeds, it’s an honour to be able to uplift this incredible community. “This is more than just an opportunity, it’s a personal mission. The chance to reinvigorate the cherished Leeds culture, to create a platform that attracts the world’s finest players, and build a truly global brand that celebrates diversity, is a prospect that thrills me.” 49ers Enterprises increased its stake in Leeds to 44 per cent in 2021 with the option of buying Radrizzani’s remaining 56 per cent before January 2024. The Americans had been keen to push through a full takeover this summer, but that agreement, which had valued Leeds at around £400million, was contingent on the club remaining in the Premier League. Leeds’ relegation forced both parties back into intense negotiations and a valuation of close to £170m was agreed. The deal marks the end of a six-year ownership of Leeds for Radrizzani, who said: “It has been an honour to guide Leeds United…and to spend so much time with the best fan base in the world. “49ers Enterprises have been fantastic partners for years and I’m confident they will take Leeds to the next level.” Radrizzani completed a full takeover from fellow Italian Massimo Cellino in 2017 and was initially hugely popular. He bought back Elland Road stadium, which had been in private ownership since 2004, and brought in fresh investment when 49ers Enterprises purchased its first 10 per cent stake in 2018. The appointment of Marcelo Bielsa soon after proved a masterstroke as Leeds won promotion back to the Premier League for the first time in 16 years. But Radrizzani’s relationship with the Leeds fan base began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve under three different managers. Jesse Marsch and Javi Gracia were both sacked, while Sam Allardyce left after his four-game rescue mission ended in failure. 49ers Enterprises have been fantastic partners for years and I'm confident they will take Leeds to the next level. Andrea Radrizzani When relegation was confirmed with a final-day defeat to Tottenham, Radrizzani was absent from Elland Road, opting instead to remain in Italy to finalise his takeover of Sampdoria. He later admitted Leeds’ board had made mistakes and apologised for the club’s relegation in a personal statement posted on social media. But after it emerged he had offered to use Elland Road as collateral when securing a £26m bank loan to buy Sampdoria – one of his companies and not Leeds owned the stadium – his legacy was further tainted. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Hannah Dingley’s interim spell to end as David Horseman named Forest Green boss Mikel Arteta believes ‘lighthouse’ Declan Rice can take Arsenal to next level Marcus Rashford set to sign new five-year deal at Manchester United

A kilo of tomatoes now costs more than a litre of petrol in the country. Here's why.

The industry says it has been blindsided by the government's "catastrophic" tax decision.

Suumit Shah, founder of an e-commerce website, said that his firm had laid off 90% of its support staff.