Reds board & members 'all delighted' with takeover
Cliftonville manager Jim Magilton says that the club's board and members "all seem delighted" with the takeover proposals accepted by the club's membership at an extraordinary general meeting on Wednesday night.
The takeover by Canadian consortium, the Toronto Investment Group (TIG), could see the north Belfast club moving to a full-time model and making improvements to their Solitude home.
Following Wednesday's meeting, a Cliftonville statement said the next stage in the process would involve the club's legal representatives engaging with their counterparts at TIG.
Speaking on Thursday, Magilton said he hasn't "been involved in any of it".
"The club wants to redevelop and I think they're looking forward to that aspect of it," added the Cliftonville boss.
"The competition in the league is so fierce now. Obviously finances does and will help you try and bring maybe a different level of player.
"We'll still go about our business the way we do in terms of recruitment and try and look at the characteristics of the player and that won't change.
"I haven't spoken to anybody from the group, so I won't know that until I'm invited into that conversation."
Magilton added that "somewhere down the line, I [will] get an opportunity to speak to them and see what their vision is".
"Even when I was an outsider looking in, it's a club with massive potential," continued the Reds boss.
"That's brought to the fore with an Irish Cup final, when you see the numbers coming in, the tickets selling so quickly and the redevelopment of the ground etc. It puts Cliftonville on the map."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says
CALGARY (Reuters) -The U.S. is still reliant on Canadian oil imports, despite claims made by U.S. President Donald Trump, Cenovus Energy's CEO said on Tuesday at a conference in Calgary, Alberta. Trump has threatened on-again, off-again tariffs on Canada's oil, of which nearly 4 million barrels per day are exported to the United States. Canada also remains dependent on U.S. energy systems, Cenovus CEO Jon McKenzie said, adding the country must diversify its customer base. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
36 minutes ago
- Yahoo
Chip designer Alphawave sees stock soar on Qualcomm takeover agreement
Shares in chip designer Alphawave rose sharply on Monday after the British-Canadian firm agreed to be acquired by US rival Qualcomm for around $2.4bn (€2.1bn) in cash. As of around 9.45am London time, Alphawave's stock had risen around 23% in daily trading on the LSE. Qualcomm's offer values each share at 183p, a 96% premium on the closing price seen on 31 March, the final day before Qualcomm and Alphawave announced they were holding discussions. The $2.4bn valuation is still half of the total worth attributed to Alphawave when it launched an IPO in 2021. At its stock market debut, Alphawave shares were worth 410p each and the group was valued at £3.1bn (€2.7bn), although the firm has generally traded well below this level since its IPO. The deal is expected to close in the first three months of 2026, subject to shareholder and regulatory approval. Related London Stock Exchange urged to do more to hold onto retail traders Why the US is banning Qualcomm and Intel from exporting some chips to China Alphawave designs semiconductor technology for data centres and AI applications, thus providing Qualcomm with an opportunity to diversify away from smartphone components. 'Qualcomm's acquisition of Alphawave Semi represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value to our customers,' said Tony Pialis, CEO of Alphawave Semi. 'By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities,' he added. Cristiano Amon, CEO of Qualcomm, commented on the deal: 'The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data center infrastructure.' Alphawave said its directors would unanimously advise shareholders to vote in favour of the takeover. For the deal to go ahead, it would require a green light from investors representing 75% of shares. The takeover raises concerns about the attractiveness of listing in the UK, particularly after other high-profile departures from the LSE. Food-delivery service Deliveroo and cybersecurity and AI firm Darktrace have both agreed to be acquired by US firms. The fintech Wise also announced last week that it would be moving its primary listing to the US. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
an hour ago
- Yahoo
Alpha 1 SPV Limited Announces Option Agreement to Sell its Interest in Elemental Altus Royalties Corp.
ABU DHABI, UAE, June 10, 2025 /CNW/ - AlphaStream Limited today announces that it and its affiliate, Alpha 1 SPV Limited (together with AlphaStream Limited, "Alpha 1"), have entered into an Option Agreement (the "Option Agreement") with Tether Investments, S.A. DE C.V. ("Optionee"), pursuant to which, among other things, Alpha 1 granted to Optionee the option to acquire (but not the obligation to acquire), and subject to certain terms and conditions, all 34,444,580 of the common shares it holds (the "Alpha 1 Shares", and the option to acquire such shares referred to as the "Alpha 1 Share Option") in Elemental Altus Royalties Corp. ("Elemental"), a gold-focused royalty company listed in Canada. Terms of the Option Agreement The Alpha 1 Share Option will not become exercisable prior to October 29, 2025 without the consent of Elemental. Pursuant to the Option Agreement, Optionee paid an option fee to Alpha 1 in an aggregate amount of CAD$3,444,458, representing a price per Alpha 1 Share of CAD$0.10. If Optionee exercises the Alpha 1 Share Option, depending on when the Alpha 1 Share Option is exercised, the Optionee will pay a variable exercise price (the "Exercise Price") with a minimum aggregate Exercise Price of CAD$51,839,092.90 and a maximum aggregate Exercise Price of CAD$53,389,099 (representing a minimum price per Alpha 1 Share of CAD$1.505 and a maximum price per Alpha 1 Share of CAD$1.550). The Option Agreement includes certain restrictions on the ability of Alpha 1 to sell the Alpha 1 Shares, and in certain circumstances requires Alpha 1 to vote, or refrain from voting, and to tender, or refrain from tendering, the Alpha 1 Shares in accordance with instructions from the Optionee. Additional Disclosure Pursuant to Canadian "Early Warning" Requirements This announcement is made pursuant to the "early warning" requirements of Canadian securities legislation. A copy of Alpha 1's related early warning report will be filed with the applicable securities commissions and will be made available on SEDAR+ at Further information and a copy of the early warning report of Alpha 1 maybe obtained by contacting: The head office of Elemental is Suite 1020 – 800 West Pender Vancouver, British Columbia V6C 2V6, Canada. SOURCE AlphaStream Limited View original content:
