logo
Premier League club Brentford to sell stake at £400m valuation

Premier League club Brentford to sell stake at £400m valuation

Yahoo10 hours ago
The owner of Brentford Football Club has clinched a deal to sell a minority stake in the Premier League side to new investors at a valuation of roughly £400m.
Sky News has learnt that an agreement that will involve current owner Matthew Benham offloading a chunk of his holding to Gary Lubner - the wealthy businessman who ran Autoglass-owner Belron - is expected to be announced as early as Tuesday.
Matthew Vaughn, the Hollywood film-maker whose credits include Layer Cake and Lock, Stock and Two Smoking Barrels, is also expected to invest in Brentford as part of the deal, The Athletic reported last month.
Further details of the transaction were unclear on Monday night, although one insider speculated that it could ultimately see as much as 25% of the club changing hands.
If confirmed, it would underline the continuing interest from wealthy investors in top-flight English clubs.
FA Cup winners Crystal Palace have seen a minority stake being bought by Woody Johnson, the New York Jets-owner, in the last few weeks, with that deal hastened by the implications of former shareholder John Textor's simultaneous ownership of a stake in French club Lyon.
Sky News revealed in February 2024 that Mr Benham had hired bankers at Rothschild to market a stake in Brentford.
Under Mr Benham's stewardship, it has enjoyed one of the most successful transformations in English football, rising from the lower divisions to the top division in 2021.
It has also moved from its long-standing Griffin Park home to a new stadium near Kew Bridge.
This summer is proving to be one of transition, with manager Thomas Frank joining Tottenham Hotspur and striker Bryan Mbeumo the subject of persistent interest from Manchester United.
Brentford did not respond to a request for comment on Monday night, while a spokesman for Mr Lubner declined to comment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Barcelona meet with superstar's agent to discuss new contract terms
Barcelona meet with superstar's agent to discuss new contract terms

Yahoo

time22 minutes ago

  • Yahoo

Barcelona meet with superstar's agent to discuss new contract terms

Barcelona have started taking important steps to secure the future of key players, and Jules Kounde is high on that list. According to SPORT, the club's sporting director, Deco, held an informal meeting with the defender's agent, Jonathan Kebe, on the first day of pre-season training. Advertisement The purpose of the meeting was to discuss a possible contract extension and to review the player's current situation. Barcelona's message is clear Kounde is currently under contract until June 2027, but both sides have been in contact for months regarding a potential extension and improved terms. Yesterday's meeting was reportedly the fourth one between the two parties, showing that talks are ongoing and serious. The club wants to make sure all major issues, including contract renewals, are sorted out before the new season officially kicks off. With the pre-season tour just beginning, this is the ideal time to meet with players and agents face-to-face. Advertisement Kounde remains key to Barcelona's project From Barcelona's side, there is no doubt about Kounde's importance to the squad. The club sees him as a vital part of the long-term project and has no intention of letting him go. By meeting with his agent, the club wanted to make it clear that the French defender is a cornerstone of the team and fully trusted by the sporting department. Although the process is moving slowly, there is confidence that a deal will be reached. Kounde's performances and versatility have made him a key figure in defence, and both the club and his representatives are on the same page about his value. Advertisement If everything goes as expected, fans can look forward to seeing Kounde in a Barcelona shirt for many more years.

More than a third of UK workers worried after back to office mandates
More than a third of UK workers worried after back to office mandates

Yahoo

time24 minutes ago

  • Yahoo

More than a third of UK workers worried after back to office mandates

A fear of back to office mandates are affecting UK staff wellbeing, a poll has found. The Guardian newspaper reports more than a third of employees surveyed say tales about firms hardening stance have had an impact. 28 per cent of workers surveyed said back to office orders had negatively affected their wellbeing. 84 per cent of employees who work in a hybrid way said it had a positive effect on their overall wellbeing. The survey was of 3,600 UK employers and employees across a range of industries by the recruitment company Hays. Hannah Pearsall, the head of wellbeing at Hays, said: 'The popularity of hybrid working shows no signs of wavering any time soon and the role this flexible working pattern plays in improving wellbeing should not be overlooked. READ MORE: Drivers banned from washing cars as four water firms in England declare hosepipe ban READ MORE: Birmingham's beer scene suffers major blow as five bars shut down READ MORE State pensioners born before 1959 warned over 'overhaul' which could be 'bold' "A lack of awareness around the impact of RTO [return to office] on wellbeing, particularly financial wellbeing, could be catastrophic for the sustained success of their business.' It comes weeks after the former boss of Asda has said the WFH culture has created a generation of people who are "not doing proper work". Lord Rose of Monewden, 75, added he the new way of working is contributing to the economy's decline. The entrepreneur, who served as chairman of Asda from 2021 until last November, believes people are less productive at home than they are in offices. The Conservative peer who was knighted for services to the retail industry said: "We have regressed in this country in terms of working practices, productivity and in terms of the country's wellbeing, I think, by 20 years in the last four. "We are creating a whole generation and probably a generation beyond that of people who are used to actually not doing what I call proper work." Data from the Office for National Statistics (ONS), from December last year revealed that 26 per cent of people had been hybrid working in the previous week, while 13 per cent had been fully remote. Four in ten people said they had been in the office full time the previous week, while the remaining fifth were not working at the time.

PUMA and Manchester City Announce Long-Term Extension to Successful Global Partnership
PUMA and Manchester City Announce Long-Term Extension to Successful Global Partnership

Business Wire

time30 minutes ago

  • Business Wire

PUMA and Manchester City Announce Long-Term Extension to Successful Global Partnership

HERZOGENAURACH, Germany--(BUSINESS WIRE)--Sports company PUMA and Premier League football club Manchester City have signed a long-term extension of their partnership, which since the 2019/20 season has exceeded all expectations on and off the pitch. The contract extension will allow PUMA and Manchester City to continue to innovate and create products that appeal to the club's ever-growing global community of fans over the coming seasons. 'PUMA's partnership with Manchester City has been a great success both on and off the pitch,' said PUMA Chief Executive Officer Arthur Hoeld. 'Trophies, a perfect stage for our performance products and commercial success were exceptional.' PUMA has celebrated many successes with the club during the partnership - most notably the Treble Winning 2022/23 season, four consecutive Premier League titles, and several domestic cup competition wins for the men's first team and an FA Cup and League Cup victory for Manchester City Women. During the partnership, Manchester City's Elite Development Squad (EDS) has also secured four Premier League 2 titles and the Under-18s have won two FA Youth Cups and were named Premier League National Champions on three occasions. Commercially, PUMA and Manchester City have set new club sales global records over the years and co-created iconic, best-selling kits such as the 2022/23 Colin Bell inspired home shirt worn during the treble-winning season. 'We joined forces with PUMA with the ambition to challenge ourselves and go beyond the expectations. We have achieved this and more over the last six seasons,' said Ferran Soriano, Chief Executive Officer of City Football Group. 'PUMA have seamlessly integrated into our organisation, and we've enjoyed many historic moments together, engaging fans globally. Today's renewal and extension solidifies our relationship and projects it to an even brighter future.' PUMA and Manchester City have introduced industry-leading innovations both in terms of product and marketing campaigns over the past seasons. In 2022, they launched a kit in the metaverse for the first time with partner Roblox and more recently invited Man City fans to design a future kit by using AI technology. PUMA's subsidiary STICHD is the exclusive retail partner of Manchester City and helped expand the club's retail footprint with the opening of City Stores in Manchester Arndale, within the 'City Challenge' in Yas Mall, Abu Dhabi and the four-month pop-up City Store at Rockefeller Centre, New York last summer. Manchester City's online store is also operated by STICHD. As part of this new long-term partnership there is a commitment to continue the global expansion of the City Store network including a new flagship store as part of the ongoing development of the Etihad Campus. Manchester City has also supported PUMA with sustainability initiatives such as its innovative RE:FIBRE recycling project. Since 2024, all Manchester City replica shirts are manufactured using RE:FIBRE materials that were recycled from factory off-cuts, faulty goods, and pre-loved clothing as the primary source of material. PUMA are also partner of City Football Group clubs Melbourne City FC, Girona, Lommel, Mumbai City FC, Montevideo, Palermo, Bolivia and most recently Bahia and ESTAC. PUMA PUMA is one of the world's leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For more than 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world's fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store