Pro-Brexit British billionaire buys Swiss football club Lausanne

Pro-Brexit British billionaire buys Swiss football club Lausanne”

INEOS believes that Lausanne Sport has the potential to develop to the top of the Swiss league.

Ineos snapped up motorcycle wear firm Belstaff last month after it was put up for sale by JAB Holdings. Club president Alain Joseph has been seeking a buyer for several months.

The group raised eyebrows with the unexpected purchase of one of Europe's oldest football clubs, FC Lausanne-Sport, which it says "aligns with Ineos' continuing investment in youth and community sports in Lausanne and Canton Vaud".

The chemicals manufacturer has bought Lausanne-Sport, right, for an undisclosed sum.

Lausanne returned to the Swiss top flight last season after being relegated to the country's second division in 2010.

The company said it backs the club's manager, Fabio Celestini, and his coaching staff. FC Lausanne-Sport is now in sixth place.

Lausanne will move into a new, 12,000-capacity stadium in 2019.

Alain Joseph said Ineos had the ambition and drive to take the club to the next sporting level.

Ineos employs 17,000 staff globally and boasted revenues of almost £20bn in 2016.

The company considers its headquarters to be in Knightsbridge in London, while its registered address is in Hampshire.

Like this


14 November 2017
Keneally to run in Bennelong by-election
Former New South Wales Premier Kristina Keneally will stand as the Labor candidate in the Bennelong by-election. Voters there will go to the polls on 16 December.

14 November 2017
Ram temple mediator of my own will: Sri Sri Ravi Shankar
However, former BJP MP Ram Vilas Vedanti, who is a key person in the Ramjanmabhoomi issue, had rejected Ravi Shankar's involvement in the issue.

14 November 2017
Check Point Software Technologies Ltd. (CHKP) Shares Bought by Tower Bridge Advisors
The stock of Check Point Software Technologies Ltd . (NASDAQ: CHKP ) earned "Hold" rating by Deutsche Bank on Thursday, June 16. Out of 5 Wall Street analysts rating Coca-Cola European Partners, 3 give it "Buy", 0 "Sell" rating , while 2 recommend "Hold".

14 November 2017
Core US Credit Bond ETF Ishares (CRED) Share Performance Recap
On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

14 November 2017
The Mariner Investment Group LLC Raises Stake in BioMarin Pharmaceutical Inc. (BMRN)
It improved, as 79 investors sold LOW shares while 402 reduced holdings. 100 funds opened positions while 517 raised stakes. LLC now owns 15,411 shares of the company's stock worth $1,199,000 after buying an additional 90 shares during the period.

14 November 2017
Riley safe through end of season
You know the old expression, 'Lose some games but don't lose the team.' I'm afraid that these guys have just semi-packed it in". The Huskers finish the regular season at Penn State next week and at home against Iowa on the day after Thanksgiving.

14 November 2017
Analysts Reveals Updates on Gamestop Corp (GME)
Among 2 analysts covering 500.Com ( NYSE:WBAI ), 0 have Buy rating, 2 Sell and 0 Hold. -11.06% (High), 4.25%, (Low). It is negative, as 24 investors sold Visteon Corp shares while 88 reduced holdings. (NYSE:GME) for 182,000 shares.

14 November 2017
Trump wears traditional Vietnamese shirt on Asia trip
The compromise was delayed by last-minute disagreements that prevented TPP leaders from meeting to endorse a plan on Friday. Officials said the 20 other countries had been pitted against a US push to change the traditional wording.

14 November 2017
Body found on campus of Cal State San Marcos
An investigation is underway Monday morning after a body was found in a parking lot at California State University San Marcos. The San Diego County Sheriff's Department and campus police are investigating and have released few details.

14 November 2017
Chris Hemsworth and Jack Black's battle
He's referring to the fact that both movies have a scene with Led Zepplin's iconic song Immigrant Song playing in the background. Upon his acceptance, Black released another video celebrating his love for Led Zeppelin titled "Daddy's School of Ragnaroth".