4/28/2023 7:00AM. A dynamic, decisive C-Level executive with substantial change and growth leadership experience. He is therefore unlikely to have started his career before 2000. It has emerged that Egyptian businessman Mohamer El Kashashy and sports lawyer Chris Farnell are fronting a Burnley takeover bid. The takeover is being led by El Kashashy, who is based in Dubai and made his . Premier League club Burnley set for 200m takeover by Egyptian tycoon Farnell has worked with north-west sportsmen such as Cristiano Ronaldo and Roberto Martnez and has a longstanding interest in moving into club ownership. The takeover is being led by El Kashashy, who is based in Dubai and made his name in the Food and Leisure industry, and also involves sports lawyer Chris Farnell. Before founding Think Food in 2011, Mr El Kashashy, from Egypt, held a number of . A fresh takeover attempt has emerged at Burnley with Egyptian businessman Mohamer El Kashashy and sports lawyer Chris Farnell fronting a bid. Further investigation by a professional recruiter revealed El Kashashy was a junior marketeer at Coke (possibly at the lower status bottling company) and a routine brand manager at P&G (limited access). We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. The Chelsea owner sparked the rise of the super-rich owner in Premier League football when he took over as owner of the London club back in 2003. Dec 22, 2020. I would be shocked if it wasn't football being screwed over like this. COMMENTWe're learning a lot from Arsene Wenger's return to the public eye it's just not what we expected, EXCLUSIVEArsene Wenger reveals how close he came to signing Cristiano Ronaldo at Arsenal, Thank you for reading 5 articles this month* Join now for unlimited access, Enjoy your first month for just 1 / $1 / 1, *Read 5 free articles per month without a subscription. The sports lawyer appealed to the EFL that he had made an administrative error, which resulted in a bitter conflict with the body. A rival consortium, fronted by lawyer Chris Farnell and Egyptian businessman Mohamed El Kashashy, appear to have leapfrogged American sports investment company ALK Capital as favourites to buy Burnley Football Club. Ashley, who made his fortune through his company Sports Direct, is worth $3.5bn (2.66bn) according to Forbes, up from $2.5bn in April. At the time of writing, Forbes puts his net worth at $12.7bn (9.65bn), up from $11.3m back in the spring when the publication posted its most recent billionaires list. Why Burnley are worth 200m, and why they might not be - FourFourTwo Maybe a Premier League Two would add an element of insurance. So what does 200 million buy? Interesting the report mentions providing proof of funds, but not source of funds which was allegedly the problem with Nimers application to the EFL for Charlton. The Express has now ranked the owners the 20 clubs in the 2020/21 Premier League by their wealth, . In Sean Dyche, they get a manager who has enabled them to punch far above their economic weight, as his average annual net spend of 9 million indicates. Totally dumbstruck by this. This means that we may include adverts from us and third parties based on our knowledge of you. Explaining why Arsenal have suddenly lost the ability to defend, "We were put in a team with Gandhi and Elvis" Gruff Rhys recalls how the Super Furry Animals were given their own team on Actua Soccer 2, Chelsea preparing stunning transfer for Harry Kane, if Mauricio Pochettino is announced as manager: report, Brighton v Wolves live stream, match preview, team news and kick-off time for this Premier League match, SUBSCRIBE TO FOURFOURTWO FROM AS LITTLE A S 3*, Every issue delivered direct to your door, Fascinating feature articles, covering everything from grass-roots football to the international scene. History, in part, though whether that has much of a financial value is a moot point. in time for Clarets manager Sean Dyche to be active in the January transfer window. FIXTURE NEWS | Our away game at the Amex has been rescheduled for live broadcast . Get the latest Burnley FC news delivered straight to your inbox each day - sign up for free email updates. Premier League owners richlist highlights Burnley's stark financial When trying to buy into Charlton Athletic he was briefly subject to an EFL ban for a technical irregularity, though he successfully overturned the sanction on appeal and the league has confirmed he is free to talk to other clubs. It had been thought American sports investment firm ALK Capital were in pole position to buy the Clarets. He is now free to pursue his bid with El Kashashy, which it is believed will be about 200m. Quiz! They have less potential than big-city clubs like Aston Villa, Leeds or Newcastle, all recent Championship clubs but who all promise a long-term sustainability in the Premier League. How to get into football - the most popular sport in the world, with clubs and facilities throughout the UK. Test your knowledge. Final - 14/11/2019. A footballing whirlwind in the eye of a tabloid storm Look at the actions taken as the Third Reich faces collapse in the final weeks of World War II. ALK head Alan Pace is expected to take over at the helm if the final details can be thrashed out in the coming weeks. El Kashashy, Mohamed Sayed Zein (aka Elkashashy), Born September 1978, Mohamed El Kashashy is an Egyptian businessman, whose glowing CV lays claim to holding senior roles at Coke, Proctor & Gamble, Gillette, and McKinsey and the Dubai Government, , before founding Think Food LLC in 2011 (limited access). Burnley takeover: Mohamed El Kashashy and Chris Farnell pull out of Tottenham are owned by ENIC Group, whose owners include Joe Lewis and current Spurs chairman Daniel Levy. The chairman has been keen on outside investment for a long time and believes the current deal meets his requirements and a takeoveris all but done. 1 1. UK-Egyptian consortium joins US group in targeting Burnley takeover How can Farnell still be operating. Shahid Khan paid between 150 million and 200 million for Fulham in 2013. 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Talk of a 200m Burnley takeover raises some questions about the value of Premier League clubs, and why Premier League survival is more valuable than ever. Goal reported the Emirati's net worth at $20bn (15.19bn). Burnley: Clarets subject of 200m takeover bid by Mohamed El Kashashy The latest rumours and stories from around the world of football. The 50-year-old has also regularly appeared in high-stakes poker tournaments around the world, winning just shy of AU$1m at a single tournament in Australia in 2011. New York, Comoros Egypt. 0 0 . Under the ownership of the Russian-Israeli businessman, the Blues were the biggest spenders in the Premier League in 2020 after signing players including Kai Havertz and Timo Werner. He appealed that, claiming he filled in a form incorrectly, and was this week . So what does 200 million buy? This implies he spent an average of two years in each of these management roles not what would ordinarily be regarded as loyalty, and a record of the type that can raise suspicions among recruitment professionals. Since April, his wealth has climbed from $5bn to $7.1bn (5.39bn) according to Forbes. It therefore appears Staunch Partners was originally set up as a vehicle to buy Burnley FC, and its reported use to raise funds for Charlton Athletic was a stop-gap measure. It was the first time Levy, who has been in his post at Tottenham since 2001 and was the highest-paid Premier League executive last year, made the Sunday Times list. It is believed El Kashashy has been attracted by one of the Premier Leagues best-run clubs and is prepared to back manager Sean Dyche with major investment to improve his squad. Think Food raised housing allowances in response, which cut its profit by between 15 and 20 per cent, Mr El Kashashy said. Burnley are the subject of a 200m takeover bid from Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell. 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Garlick is said to have admitted that his club stands to lose at least50 million because of the coronavirus pandemic. e-mail; 9. ongoing a rival package led by the Cheshire-based sports lawyer Chris Farnell and funded by the Egyptian food magnate Mohamed El Kashashy has also been in touch with the club over a proposed 200m takeover. His wealth sits at $4.5bn (3.42bn), according to Forbes, up from $4bn in April. Papers: Big Sam or Bowyer to replace Gracia at Leeds? Here's why . . Farnell was previously involved in talks over the future of Bury and was briefly a director at Wigan. Dyches methods may lack aesthetic appeal but they have tended to work and suggest this seasons slow start is just that. Although by now Farnell had resolved the issue over his O&D Test with the EFL, he and El Kashashy appeared to have a similar stumbling block with the Premier League. Heres how it works. The British businessman made his money in the management consultancy industry, among other fields, and has held talks with US firm ALK Capital and a second group led by Mohamer El Kashashy and sports lawyer Chris Farnell. . The deal involves sports lawyer Chris Farnell. Global ranking: Name: Citizenship: Net worth (USD) 330: Nassef Sawiris Egypt: 5 billion: 590: Mohamed Mansour Egypt: 3.3 . He has now received the green light for the Burnley takeover. Last updated on 22 December 2020 22 December 2020. Read about our approach to external linking. They are now awaiting the Premier League's directors and owners test, a final obstacle in their attempt to acquire a club in the English top-flight. Published 28th Oct 2020, 18:35 BST - 2 min read. Henry and Werner are the men at the top of Fenway Sports Group, owners of Liverpool. Share on Facebook; Share on Twitter; . El Kashashy and sports lawyer Chris Farnell have put pen to paper with Burnley following an agreement with clubchairmanMike Garlick. Last updated on 28 October 202028 October 2020.From the section Burnley. El Kashashy and Farnell have emerged as frontrunners ahead of American investment group ALK Capital LLC, who still harbour hopes of completing a deal themselves. It is understood that discussions over the deal have been going on for the past 12 months but that contracts have now been signed and exchanged while proof of funds has also been established. Lewis is worth $4.8bn (3.65bn) according to Forbes, while the most recent Sunday Times Rich List put Levys net worth at 329m. Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. However, it's [] Last updated on 22 December 2020 22 December 2020. The Iranian made his money in the steel and energy industries, and is a long-time business partner of former Arsenal shareholder Alisher Usmanov. Something went wrong, please try again later. On 7 August 2020, the EFL tweeted the following statement: It was rapidly established that the three disqualified individuals were Elliott, Farnell, and Andre Mihail. Gary Lineker, Alan Shearer and Micah Richards discuss the art of punditry and rank the best analysts, Three single Kiwi women are in search of the man of their dreams in FBoy Island NZ. El Kashashy remained in the background until Sandgaards purchase of CAFC was announced, but then reappeared at Burnley, where The Athletic reported on 28 October that Farnell and Elkashashy had made a rival 200M bid for Burnley FC. Where possible, we have provided the source of our published content. The food and leisure magnate is reportedly involved in talks to buy the Clarets. (Photo by Tony McArdle/Everton FC via Getty Images). All rights reserved. It had been thought American sports investment firm ALK Capital were in pole position to buy the Clarets. The previous summer was replete with talks of a Newcastle United takeover by a Saudi Arabian consortium involving Crown Prince Mohammed bin Salman. That's a 48% saving! Chris Farnell and Mohamed El Kashashy want 200m deal, Finance group ALK Capital also in discussions with club. Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. How many King Charles III facts do you really know? His ageing squad means a rebuild will be required and offers less of a chance to recoup funds than, say, Bournemouths when they went down. Previous work experience includes roles as an assistant brand manager at Coca-Cola Egypt, a business and brand manager at American multinational goods company Procter & Gamble, and currently as a managing partner of Beta-Infra. 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The Express has now ranked the owners the 20 clubs in the 2020/21 Premier League by their wealth, through the most recent reports with all currency conversions via xe.com, and it places Garlick down in 20th place, nearly 150m adrift of the next lowest. In contrast, getting Burnley at 200 million would be buying a club at the top of their value. Forbes reports his net worth at $8.3bn (6.31bn) at the time of writing, down from $10bn in Aprll. Rival consortium leapfrogs American firm in takeover battle for Burnley Sean Dyche jokes around as Man City rumours intensify. Burnley are traditionally regarded as a well-run club capable of comfortably living within their means on Premier League income and have upgraded their infrastructure impressively during the eight years of success they have enjoyed under Sean Dyche, though there were signs of tension even before Covid-19 hit last season owing to the managers frustration at a tightly drawn budget for transfers and player wages. He and his son, Fulham director Tony Khan, are also involved in All Elite Wrestling. If that Egyptian guy was in larks with Burnley for a year then farnell and him have shown yet another conflict of interest. The report suggests that El KashashyandFarnell have already provided the requisite proof of funds for the takeover. KingFut. One bid is from Egyptian entrepreneur Mohamed El Kashashy and Chris Farnell; . A consortium led by Egyptian businessman Mohamed El Kashashy and solicitor Chris Farnell has pulled out of talks to buy Burnley. Joke, https://www.mirror.co.uk/sport/football/news/burnley-set-200m-takeover-egyptian-22920510.amp?fbclid=IwAR1hTMii6HPxIRsuwSOqsxaszEUJwRIO434bE_SMgBakWXhJ69I4Ljs9w24, https://www.bbc.co.uk/sport/football/54723696. Mohamed El Kashsashy is aStrategic Private Equity Director based in Egypt. (Egyptian 9.65 billion = US$ 620M = UK440M). The proposed deal is said to be worth around 200million.. Farnell was previously involved with Charlton Athletic and subsequently banned from being a director of a football club.. News you can trust since 1877. . It is understood there has been no contact between El Kashashy, Farnell and Burnley chairman Mike Garlick for six weeks. Burnley takeover 'imminent' as 200million acquisition by American Under the ownership of the Abu Dhabi royal, the club has broken its transfer record many times over and won multiple Premier League titles. The Clarets are close to being sold to Egyptian businessman Mohamed El Kashashy in a 200m deal that also involves sports lawyer Chris Farnell. Answering a written question from Charlton Athletic Supporters Trust, Elliott replied: Mohammed is a member of the consortium.
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