It's only a thing if you're outside the big clubs. Look at Chelsea.
Summer window
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It's only a thing if you're outside the big clubs. Look at Chelsea.
Chelsea is a work of accountancy genius to get around ffp, they also exploited a now closed loophole.
I'm sure I heard someone on ssn saying despite the spending of nearly 1 billion they are still OK, god knows how though
I realise this question is leading to negative responses but there's also a positive view that the club aren't prepared to break the wage structure or pay out ridiculous transfer fees as we have in the past. Many would see that as a positive change. I was interested to see if anyone responded with this view. Obviously all have taken the negative view.
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Simon Jordan explains it very well here.
· Middle East
Commodity group Louis Dreyfus completes stake sale to ADQ
Reuters
September 10, 202110:06 AM CDTUpdated 2 years ago
PARIS, Sept 10 (Reuters) - Louis Dreyfus Company (LDC) said on Friday it had completed the sale of a 45% indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group's 170-year history.
The overall value of the deal was not disclosed but LDC said in a statement that a portion of the proceeds had been invested in the full repayment of a $1.051 billion loan that LDC had granted to its parent company.
The stake sale to ADQ was initially announced last November.
That ended a long hunt for an investor by controlling shareholder and chairwoman Margarita Louis-Dreyfus, who had built up debt buying out other family members during a period of lean profits for the commodity merchant.
LDC, known as Dreyfus, is the "D" of the "ABCD" quartet of renowned global agricultural commodity firms alongside Archer- Daniels-Midland Co (ADM.N), Bunge Ltd (BG.N) and Cargill Inc (CARG.UL).
“This partnership with ADQ reinforces LDC’s position and financial strength to accelerate strategic investments (...) including in new areas such as plant-based proteins, as well as in projects to move further downstream in several of our existing business lines,” Chief Executive Michael Gelchie said in the statement.
The financial pressure on LDC in recent years was also linked to Brazilian sugar firm Biosev , previously owned by LDC's parent.
The $1 billion loan from LDC to its parent, originally due in 2023, was part of a bailout for Biosev.
That burden has also eased after LDC's holding firm agreed this year to sell Biosev to Brazilian energy company Raizen (RAIZ4.SA).
A surge in commodity prices and strong grain demand from China have also boosted earnings for merchants during the coronavirus pandemic, helping LDC's profit recover last year.
For state-owned ADQ, the investment in LDC extends a foray into food commodities that are crucial to import-reliant Gulf states.
The deal with LDC outlines a long-term supply agreement to sell agricultural commodities to the United Arab Emirates.
Reporting by Gus Trompiz in Paris Editing by Edmund Blair and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles.
Commodity group Louis Dreyfus completes stake sale to ADQ
Reuters
September 10, 202110:06 AM CDTUpdated 2 years ago
PARIS, Sept 10 (Reuters) - Louis Dreyfus Company (LDC) said on Friday it had completed the sale of a 45% indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group's 170-year history.
The overall value of the deal was not disclosed but LDC said in a statement that a portion of the proceeds had been invested in the full repayment of a $1.051 billion loan that LDC had granted to its parent company.
The stake sale to ADQ was initially announced last November.
That ended a long hunt for an investor by controlling shareholder and chairwoman Margarita Louis-Dreyfus, who had built up debt buying out other family members during a period of lean profits for the commodity merchant.
LDC, known as Dreyfus, is the "D" of the "ABCD" quartet of renowned global agricultural commodity firms alongside Archer- Daniels-Midland Co (ADM.N), Bunge Ltd (BG.N) and Cargill Inc (CARG.UL).
“This partnership with ADQ reinforces LDC’s position and financial strength to accelerate strategic investments (...) including in new areas such as plant-based proteins, as well as in projects to move further downstream in several of our existing business lines,” Chief Executive Michael Gelchie said in the statement.
The financial pressure on LDC in recent years was also linked to Brazilian sugar firm Biosev , previously owned by LDC's parent.
The $1 billion loan from LDC to its parent, originally due in 2023, was part of a bailout for Biosev.
That burden has also eased after LDC's holding firm agreed this year to sell Biosev to Brazilian energy company Raizen (RAIZ4.SA).
A surge in commodity prices and strong grain demand from China have also boosted earnings for merchants during the coronavirus pandemic, helping LDC's profit recover last year.
For state-owned ADQ, the investment in LDC extends a foray into food commodities that are crucial to import-reliant Gulf states.
The deal with LDC outlines a long-term supply agreement to sell agricultural commodities to the United Arab Emirates.
Reporting by Gus Trompiz in Paris Editing by Edmund Blair and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles.
S
Sour Patch
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This thread is called ‘Summer Window’ not ‘Irrelevant articles from two years ago’
What if we finish with more than 69 points but finish lower than sixth? Improvement or set back?
Theres an investigation going on into the Abramhovic years by the FA and EPL after Chelsea were fined by FiFA or UEFA. Both Chelsea , the EPL and the FA have been asked for comment but none has been made by any party.
jeezus...i hope we get news of transfers soon...cannot believe people (person) are trying to dis KLD's mother now to attempt some irrelevant point to explain why the club is not spending millions and millions on players, even after everything has already been explained by people doing a far better job than i could.
may be worth using that button.
may be worth using that button.
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Article from the 72 on the potential recruitment of Silko Thomas and Bobby Bjork for the U21s. Just look at these comments:
Sunderland’s talent identification has been fantastic, especially in recent years. The hope would be that Thomas and Bjork could kick on and eventually break into first-team football under their watch if they join, but time will tell if the Black Cats can get a deal done.
If you’re a young player appearing on the radar at the Stadium of Light though, you’re definitely on the right track. Moving to Wearside will only aid their development further too.
I think it's fair to say we've moved forward somewhat.
Sunderland’s talent identification has been fantastic, especially in recent years. The hope would be that Thomas and Bjork could kick on and eventually break into first-team football under their watch if they join, but time will tell if the Black Cats can get a deal done.
If you’re a young player appearing on the radar at the Stadium of Light though, you’re definitely on the right track. Moving to Wearside will only aid their development further too.
I think it's fair to say we've moved forward somewhat.
Another conversation last night with a “hyper negative” who, when I said “Brighton among others have run the model we are” said that Brighton “never struggled like we are”
Amazing to hear how bad things are after 2 narrow defeats in games where we were probably the better side!
Amazing to hear how bad things are after 2 narrow defeats in games where we were probably the better side!
Brighton were literally two days away from going out of business as a league two side, right? 
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