Latest news with #RM285
New Straits Times
09-08-2025
- Business
- New Straits Times
Manchester United's Carrington complex transformed in RM285 million upgrade
MANCHESTER: Manchester United's renovated training base features smart urinals that measure a player's level of hydration, dry flotation tanks, an underwater treadmill, a padel court, a Formula 1 simulator, and even a barber shop. United opened the doors on Friday to their £50 million pound (RM285 million) redevelopment of their men's first team building at the Carrington Training Complex, a week before the Premier League season kicks off. Redesigned with input from players and staff, with ideas borrowed from the NFL's Los Angeles Rams and the England team base at St. George's Park, among others, the state-of-the-art training hub opened just as manager Ruben Amorim and his squad returned following their pre-season tour of the United States. "All credit to Sir Jim (Ratcliffe, United's co-owner) and his team, I think they did a unbelievable job," said United defender Diogo Dalot. "I think finally we're getting to a level where this club deserves and now it's up to us on the pitch." Ratcliffe cut the ribbon to open the centre yesterday alongside the players, Amorim, chief executive officer Omar Berrada, the team's former manager Alex Ferguson, and others. The year-long project was led by Mancunian architect Norman Foster and his firm Foster + Partners and financed with part of the 300 million pound (RM1.7 billion) capital injection into the club by United co-owner Ratcliffe last year. "Following a review of the facility, we made a quick decision to invest significantly in the creation of a world-class performance environment for staff and players to reflect our ambition and vision for Manchester United," said Ratcliffe, who reached agreement to become co-owner in late 2023. Collette Roche, who led the Carrington redevelopment project, said Ratcliffe was heavily involved in the process, helping decide everything from the number of windows to the fabric of the furniture. "We took good reference points from the US and also in the UK, and I'm quite proud, because I think this step has put us ahead of the game as well," Roche told reporters, following a media tour of the facility. "It's not just a training ground. It's going to be the heart of the club, and we're bringing a lot of the staff over from Old Trafford. So there's a real nucleus now around football." The facility is bathed in natural light in the aim of creating a positive environment, with everything the players and staff need under one roof. The medical and recovery facilities feature MRI and CT scans, a DEXA scan that measures everything from body fat to bone density, sleep pods, a heat and altitude chamber used for acclimatization to different temperatures, humidity and oxygen levels, and hyperbaric and cryotherapy chambers. The players' dining lounge has floor to ceiling windows, a pool table and the F1 simulator. On the menu yesterday was everything from grilled salmon to sushi to smoothie bowls. "We've got a core of Bruno (Fernandes), Harry (Maguire), Tom (Heaton), Diogo, and I just asked what they wanted. And they gave me some great ideas," said Roche. "(We asked) when is it performance? When do you need to chill? What's the best nutrition? How do they want to eat?" Redevelopment of the men's team building follows the construction of a 10 million pound ($13.44 million) building for the women's first team and men's academy last year. United host Arsenal in their Premier League season opener on Aug 17.
The Sun
03-07-2025
- Automotive
- The Sun
'Think 99 times!': M'sian badminton icon warns buyers after losing RM285k on luxury dream car
FORMER world No. 1 badminton player Tan Boon Heong has issued a heartfelt warning to fellow car enthusiasts after revealing he lost a staggering RM285,000 on a luxury SUV purchase — his dream car, a 2018 Range Rover Sport. In a candid social media post that quickly gained traction online, Tan opened up about the financial reality behind his RM530,000 splurge, urging others to be cautious before following in his footsteps. ALSO READ: M'sian badminton star Ong Yew Sin proposes to Japan's Aya Ohori in dreamy surprise, wins hearts online 'After driving it for a year, I noticed the car's value wasn't holding up well, so I decided to sell it. But by then, the Land Rover hype had already cooled off. Hoping to recover some of his investment, Tan initially listed the vehicle at RM450,000 — already an RM80,000 drop. He said a few friends expressed interest in buying it, claiming they'd go for it 'even if it's slightly overpriced.' 'One friend said he wanted to buy it — even said he'd pay a bit more. But in the end, he ghosted me. Honestly, just all talk. 'I kept lowering the price — RM375k, RM350k, RM345k — still no buyer,' he recounted. 'Then a follower came along, acted all confident about buying it, and even paid a deposit. I was over the moon... but the loan got rejected because he hadn't been repaying the bank on time. 'Now someone has offered RM245k and paid a deposit. Fingers crossed that the loan gets approved. If not, or if the buyer backs out, I might just keep the car as a vintage collection piece. 'To anyone who's thinking of buying a Land Rover — please think 99 times. You'll lose a lot of money. I'm not joking,' he wrote. 'Even after selling it, I still owe the bank RM140k. But at least I'll be free... and hey, I did fulfil my dream. 'Just... paid a heavy price for it in the end,' his post read. His post sparked a wave of responses online, ranging from criticism to financial advice. Some users accused him of poor money management, while others mocked his choices. In a follow-up post on June 28, Tan fired back with a pointed message. 'Lost money buying a car and people say I can't manage finances. You're so good at managing money — are you rich yet?' he wrote. 'Life is all about experiences. Lose money? Just earn it back. 'Why be so hung up over it?' he asked. 'You can't take your money with you when you're gone anyway. 'To sum it up: You only live once — if you don't enjoy life, what's the point? He wrapped it up with a sharp mic drop: 'You laugh at me for being a fool, I laugh at you for never having driven a Range Rover.
The Sun
16-05-2025
- Business
- The Sun
SC charges former London Biscuits CEO with falsifying financial statement, corporate records
KUALA LUMPUR: The Securities Commission Malaysia (SC) today charged Datuk Seri Liew Yew Chung, former executive director and group chief executive officer of London Biscuits Berhad, in the Sessions Court here for furnishing a false financial statement to the stock exchange and falsifying records of a listed corporation. Based on a statement issued by the SC, Liew faced a total of 13 charges before Sessions Court Judge Azrul Darus and pleaded not guilty to all of them. On the first charge, Liew is accused of having caused the furnishing of a false financial statement to Bursa Malaysia Securities Berhad on Aug 30, 2019, an offence under Section 369(b)(B) of the Capital Markets and Services Act (CMSA) 2007. The charge relates to a false statement concerning London Biscuits Berhad's cumulative revenue amounting to RM285,985, which was contained in the company's third quarter financial report for the period ended June 30, 2019. By virtue of his position as a director and group CEO of London Biscuits Berhad at the material time, Liew is deemed to have committed the offence under Section 367(1) of the CMSA. Liew faces a maximum sentence of 10 years imprisonment and a fine not exceeding RM3 million, upon conviction. Separately, he was also charged with 12 counts under Section 368(1)(a) of the CMSA 2007 for instructing the creation of false sales transactions in the accounting records of London Biscuits Berhad between October 2018 and March 2019. The total value of the false transactions across all 12 charges amounts to RM2,354,430. Upon conviction, each charge carries a maximum penalty of 10 years imprisonment and a fine not exceeding RM1 million. The Sessions Court allowed bail at RM300,000 with two local sureties for all 13 charges. Liew was further ordered to surrender his passport to the court and to report to the SC's investigating officer twice a month.
The Sun
16-05-2025
- Business
- The Sun
Ex-CEO of London Biscuits faces 13 fraud charges
KUALA LUMPUR: The Securities Commission Malaysia (SC) today charged Datuk Seri Liew Yew Chung, former executive director and group chief executive officer of London Biscuits Berhad, in the Sessions Court here for furnishing a false financial statement to the stock exchange and falsifying records of a listed corporation. Based on a statement issued by the SC, Liew faced a total of 13 charges before Sessions Court Judge Azrul Darus and pleaded not guilty to all of them. On the first charge, Liew is accused of having caused the furnishing of a false financial statement to Bursa Malaysia Securities Berhad on Aug 30, 2019, an offence under Section 369(b)(B) of the Capital Markets and Services Act (CMSA) 2007. The charge relates to a false statement concerning London Biscuits Berhad's cumulative revenue amounting to RM285,985, which was contained in the company's third quarter financial report for the period ended June 30, 2019. By virtue of his position as a director and group CEO of London Biscuits Berhad at the material time, Liew is deemed to have committed the offence under Section 367(1) of the CMSA. Liew faces a maximum sentence of 10 years imprisonment and a fine not exceeding RM3 million, upon conviction. Separately, he was also charged with 12 counts under Section 368(1)(a) of the CMSA 2007 for instructing the creation of false sales transactions in the accounting records of London Biscuits Berhad between October 2018 and March 2019. The total value of the false transactions across all 12 charges amounts to RM2,354,430. Upon conviction, each charge carries a maximum penalty of 10 years imprisonment and a fine not exceeding RM1 million. The Sessions Court allowed bail at RM300,000 with two local sureties for all 13 charges. Liew was further ordered to surrender his passport to the court and to report to the SC's investigating officer twice a month.
The Star
16-05-2025
- Business
- The Star
SC charges former ED/group CEO of London Biscuits for false financial statement, records
KUALA LUMPUR: The Securities Commission has charged the former executive director ad group CEO of London Biscuits Bhd for furnishing a false financial statement to the stock exchange and falsification of records. In a statement, the capital markets regulator said Datuk Sri Liew Yew Chung has claimed trial to one charge of causing the furnishing of a false financial statement to Bursa Malaysia Securities Bhd on Aug 30, 2019. This is an offence under section 369(b)(B) of the Capital Markets and Services Act 2007 (CMSA). According to the charge, the false statement relating to London Biscuits' cumulative revenue, amounting to RM285,985,000, was contained in the company's quarterly report in the third quarter of its financial period ended June 30, 2019. Liew was deemed to have committed the offence under section 367(1) of the CMSA due to his position as a director and chief executive of London Biscuits. If convicted, Liew could face imprisonment for a term not exceeding 10 years and shall also be liable to a fine not exceeding RM3 million. In addition, Liew faced 12 charges under section 368(1)(a) of the CMSA for instructing the creation of false transactions concerning company sales in the accounting records of London Biscuits between October 2018 and March 2019. The false transactions in all 12 charges amounted to a total sum of RM2,354,430. Liew claimed trial to all the charges. If convicted, Liew can be punished with a jail term not exceeding 10 years and shall also be liable to a fine not exceeding RM1 million. Sessions Court judge Tuan Azrul Darus granted Liew bail at RM300,000 with two local sureties for all 13 charges. Liew was also ordered to surrender his passport to court and report to the SC's Investigating Officer on a bi-monthly basis.
