Latest news with #Regulator
Scottish Sun
03-06-2025
- Business
- Scottish Sun
‘It doesn't get more serious' – Championship club could cease to exist as CEO makes heartfelt plea to authorities
The club could be homeless by next summer GROUND BREAKER 'It doesn't get more serious' – Championship club could cease to exist as CEO makes heartfelt plea to authorities OXFORD UNITED could cease to exist if it is not granted planning permission for a new stadium. The Championship outfit submitted plans for a 16,000-seater multi-purpose ground with a decision expected in July. 3 Oxford's lease at the Kassam Stadium expires in 2026 Credit: Getty 3 The club wants to build a new 16,000-seater stadium Credit: x 3 Tim Williams has claimed the club could disappear without the new ground Credit: OXFORD UNITED Ahead of the decision from the local authorities, Oxford CEO Tim Williams has issued a stark warning over the future of the club. The U's currently play their football at the Kassam Stadium, but their lease is set to expire in 2026. He told Sky Sports: "When our lease at the Kassam Stadium runs out, we won't have a home and a stadium to play in. "If we don't have a stadium, there is a risk we won't have a football club." READ MORE FOOTBALL NEWS PENALTY BOXES Shamed ref David Coote filmed delivering Evri packages after cocaine video Oxford's potential new development would feature an 18-bedroom hotel, an events centre as well as wellbeing and community spaces. It would also be the first all-electric stadium in the UK. Williams has claimed that Oxford are more in need of the ground than the likes of Manchester United and Everton. The two Premier League giants are due in new homes with the Toffees moving into their new ground this summer. JOIN SUN VEGAS: GET £50 BONUS The Red Devils are aiming to construct a new 100,000-seater stadium by the 2030/31 season. Williams added: "It doesn't get more serious than that for a football club. Championship club could be left without a stadium as EFL deadline looms "We have seen headlines recently about a new Manchester United stadium, which with all due respect is a want and not a need. "If Manchester United don't move out, they still have Old Trafford. "If Everton hadn't moved into Bramley Moor-Dock, they've still got Goodison. "If we don't move into a new stadium, we are homeless and we don't exist and it's an absolute travesty in my view. "It's that important." A decision on the new stadium is in less than five weeks and Williams believes that it would benefit the local community. He said: "We now have a Football Regulator, and we have a report by Tracey Crouch which talks about football assets. "We are a poster child for what good football governance and football clubs should be about. 'It's going to be a 16,000-seater stadium, on the outskirts of Oxford, and a real community asset, fully sustainable, in a brilliant location in the country. 'We need support, but we also need to say, the point about the club potentially not existing is a real one. This needs to be moved up every headline. 'We are entering a crucial period in the club's history. The future of the club hinges on the new stadium, and I'd urge every supporter, every stakeholder, and every voice to get behind this project.'
Bloomberg
07-05-2025
- Business
- Bloomberg
Chinese Regulator Applauds Warren Buffett's Long-Term Approach
China's top securities regulator has become a surprising addition to the chorus of voices praising Warren Buffett, after the legendary investor announced his plan to step down as chief executive of Berkshire Hathaway Inc. Buffett is retiring as CEO 'but the fundamental principles of long-term value investing, rational investment, and striving to reward investors will never retire,' Wu Qing, chairman of the China Securities Regulatory Commission, said during a press conference in Beijing on Wednesday.
ITV News
01-05-2025
- Politics
- ITV News
Four years after ITV News exposed: Croydon Council out of special measures
A council that left families in dangerous, uninhabitable homes has been taken out of special measures, four years after ITV News exposed widespread failings. Our report inside a tower block on Regina Road in South London in March 2021 led to national outrage, with the Prime Minister condemning the uninhabitable, unsafe conditions of homes managed by Croydon Council and the announcement of two independent investigations. For many years tenants' constant complaints about disrepair were ignored as they were left to live in homes described by Shelter as the worst housing they had ever seen. The whitewashed walls had turned black, a furry fungus growing on every surface. Water cascaded through light fittings and into plug sockets, plunging the properties into darkness. The floors were sodden. Tenants were forced to place buckets and baby baths under the leaking water. The homes were infested with slugs and a environmental health inspection found a mum and her two children were at risk of electrocution. An independent inquiry later concluded the health of tenants was put at risk and that the council failed to keep them safe. The Regulator for Social Housing concluded the council had breached the safety standards and placed into special measures. "Taking into account the seriousness of the issues, the durations for which tenants were potentially exposed to risk, and the number of tenants potentially affected, the regulator has concluded that it is proportionate to find that LB Croydon has breached the Home Standard and the Tenant Involvement and Empowerment Standard and that there was a risk of serious detriment to tenants during this period", said the Regulator in May 2021. Only now, more than four year on, has the Regulator withdrawn its regulatory notice and removed the council from special measures, assessing the housing service to be at acceptable and safe standards. Following a vote by residents, the Regina Road estate exposed in the ITV News investigation are to be demolished and replaced with a new £100 million social housing development. The regeneration will deliver at least 225 new council homes, green spaces, a preschool, and community facilities, say the Council. The demolition of the first tower block, 1-87 Regina Road, is underway and is expected to be completed by the autumn.
The Guardian
12-02-2025
- Business
- The Guardian
Premier League seeks power to access club premises during investigations
The Premier League has asked its clubs for expanded investigatory powers, including the right to access club premises, as part of new financial rules. The proposals are included in the latest draft of the squad cost ratio (SCR) mechanism which is expected to replace the profitability and sustainability rules that limit spending. The Guardian understands the league has asked for the ability to enter buildings in the event that a club is found not to have complied with an inquiry it has initiated. Such a power is commonly used by law enforcement agencies to seize documents related to an investigation. Under current rules, clubs are expected to give 'full, complete and prompt assistance' to any Premier League inquiry, but should this fail to happen the league must resort to fines, a tribunal or the Football Association to resolve the problem. Premier League sources played down any suggestion that such powers would be the equivalent of a dawn raid. Clubs would be given notice and any intervention would be at an agreed time, they said. However the powers the league is looking to acquire would be stronger than those proposed for the Independent Regulator for English Football, which must – under the current drafting of the bill – request a warrant from a tribunal or court before taking action. Debate over the SCR rules has heated up before the latest Premier League shareholders' meeting in a central London hotel on Thursday. Last week the Professional Footballers' Association wrote to the league and its 20 clubs warning of possible legal action were the rules to be voted through at the meeting. The letter, first reported by PA Media, argued the union had not been given timely access to documentation and claimed the 'withholding of relevant documentation pertaining to the proposals is clear evidence of [the league's] failure to comply with its duties'. The letter also suggested the league had failed in its obligations to properly discuss the measures through the professional football negotiating and consultative committee (PFNCC), which is made up of representatives of the PFA, EFL, Premier League and FA. Sign up to Football Daily Kick off your evenings with the Guardian's take on the world of football after newsletter promotion A Premier League statement issued in response to the letter said: 'We strongly disagree with the PFA's views regarding the proposed financial rules and the consultation process we are conducting with our clubs and other stakeholders. We have complied with PFNCC requirements and the PFA has had multiple opportunities since March 2024 to provide feedback on the rules and the principles that underpin them.'
