Sci-tech

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

loading...
loading...

Latest


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
Oppenheimer Says That Heron Therapeutics (NASDAQ:HRTX) Has $27 Stock Target
Heron Therapeutics (HRTX) opened at $16.35 on Thursday. (HRTX) stock showed the move of -5.76% with the closing price of $16.35. The stock witnessed 5.48% gains, 3.81% gains and 14.74% gains for the 1-month, 3-month and 6-month period, respectively.

14 November 2017
China's Bank Lending Falls In October
Aggregate financing totaled CNY 1.04 trillion in October compared to CNY 1.82 trillion a month ago. Corporate loans dropped to 214.2 billion yuan in October from 463.5 billion yuan a month earlier.

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
Worth Watching Stock Tesla Motors, Inc. (TSLA)
In other news, VP John Douglas Field sold 600 shares of Tesla stock in a transaction on Thursday, November 2nd. The stock of Tesla Inc (NASDAQ: TSLA ) has "Buy" rating given on Thursday, February 23 by Dougherty & Company.

14 November 2017
NY state regulator fines Credit Suisse $135 mln over forex practices
The probe is still ongoing in relation to other banks, according to a person familiar with the matter. In late September, the British bank HSBC agreed to pay $175 million to avoid prosecution.

14 November 2017
British government introduces budget for Northern Ireland
Despite protracted negotiations, Northern Ireland's two largest parties Sinn Fein and the DUP have been unable to reach an agreement to restore power-sharing.

14 November 2017
Toronto Dominion Bank Acquires 12111 Shares of Simon Property Group, Inc. (SPG)
After $2.89 actual EPS reported by Simon Property Group Inc for the previous quarter, Wall Street now forecasts 8.30% EPS growth. It is flat, as 65 investors sold SPG shares while 244 reduced holdings. only 62 funds opened positions while 173 raised stakes.

14 November 2017
BidaskClub Downgrades TriNet Group, Inc
Looking at some alternate time periods, the 12 month price index is 0.99006, the 24 month is 0.82001, and the 36 month is 0.87040. Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.