PL charge City for alleged breaches of financial rules

The perfect fumble said:

UAE approached to invest in Sizewell C nuclear power plant​


A United Arab Emirates investor has been approached to take a stake in the Sizewell C nuclear power plant project in Suffolk, it has emerged.

Ministers are searching for new investors in the project, which could cost between £20bn and £44bn, after removing the Chinese state-owned CGN last year due to security concerns over UK infrastructure amid poor Anglo-Sino relations.

The Times reported on Monday that the UK government had lined up Mubadala, the Abu Dhabi fund run by Sheikh Mansour bin Zayed Al Nahyan, the owner of Manchester City football club, to back the energy project, with a decision due early next year.

However, a source close to Mubadala denied the fund was interested in Sizewell but said other UAE entities were interested. A separate source said that Emirates Nuclear Energy Corporation, which is owned by Abu Dhabi sovereign wealth fund ADQ, could be a good fit for the project.

The UAE interest comes against the backdrop of Westminster tensions over a separate Emirati deal. Last week, RedBird IMI – a joint-venture between America’s Redbird Capital and International Media Investments, an Abu Dhabi investor also backed by Mansour – announced a deal to take control of the Telegraph group. The government has indicated it will launch a public interest investigation into the newspaper deal.

The Sizewell C plant aims to generate enough energy to power 6m homes. It is backed by France’s EDF and the UK government, which has spent nearly £100m buying CGN out of the project. CGN had held a 20% stake.

Rishi Sunak hosted Mubadala’s Khaldoon Al Mubarak at a meeting of global business leaders at Hampton Court, south-west London, on Monday as he attempts to attract foreign investment to the UK.

https://www.theguardian.com/busines...ched-to-invest-sizewell-c-nuclear-power-plant

By the way Khaldoon is also chairman of the Emirates Nuclear Energy Corporation.
Click to expand...
My first question from Khaldoon would be “are you sure you want to do business with cheating bastards?”
Then I’d sit back and smile and wait for their reply.
That’ll put a stop to this nonsense pretty quickly.
 
BongoBlue said:
From our "friends" at RTE today - apologies if already posted:

https://www.rte.ie/brainstorm/2023/1127/1418668-manchester-city-fans-sportswashing/

Well I guess BM is famous now: we are linked in this article. Apparently for this "study", they wanted to see how the average City fan was able to justify our stance about our (brilliant) ownership. Warning, there are links to Delooney and David Conn in here also.
Click to expand...

Since when have we fans defended the UAE Government and the Abu Dhabi royal family?

Sportswashing? How much Middle Eastern money is invested into horse racing in Ireland? Not a fucking peep about that is there?
 
At the risk of sounding like a complete homer- I do wonder if any part of this investigation is due to City's dominance in the league. City winning the league year in and year out isn't good for the product that is the Premier League. The cynical part of me says that City not winning the league this season would potentially lessen a punishment down the line. If there were grounds to be one that is.
 
The perfect fumble said:

UAE approached to invest in Sizewell C nuclear power plant​


A United Arab Emirates investor has been approached to take a stake in the Sizewell C nuclear power plant project in Suffolk, it has emerged.

Ministers are searching for new investors in the project, which could cost between £20bn and £44bn, after removing the Chinese state-owned CGN last year due to security concerns over UK infrastructure amid poor Anglo-Sino relations.

The Times reported on Monday that the UK government had lined up Mubadala, the Abu Dhabi fund run by Sheikh Mansour bin Zayed Al Nahyan, the owner of Manchester City football club, to back the energy project, with a decision due early next year.

However, a source close to Mubadala denied the fund was interested in Sizewell but said other UAE entities were interested. A separate source said that Emirates Nuclear Energy Corporation, which is owned by Abu Dhabi sovereign wealth fund ADQ, could be a good fit for the project.

The UAE interest comes against the backdrop of Westminster tensions over a separate Emirati deal. Last week, RedBird IMI – a joint-venture between America’s Redbird Capital and International Media Investments, an Abu Dhabi investor also backed by Mansour – announced a deal to take control of the Telegraph group. The government has indicated it will launch a public interest investigation into the newspaper deal.

The Sizewell C plant aims to generate enough energy to power 6m homes. It is backed by France’s EDF and the UK government, which has spent nearly £100m buying CGN out of the project. CGN had held a 20% stake.

Rishi Sunak hosted Mubadala’s Khaldoon Al Mubarak at a meeting of global business leaders at Hampton Court, south-west London, on Monday as he attempts to attract foreign investment to the UK.

https://www.theguardian.com/busines...ched-to-invest-sizewell-c-nuclear-power-plant

By the way Khaldoon is also chairman of the Emirates Nuclear Energy Corporation.
Click to expand...

Energywashing.
 
Can City get a grass sponsorship deal with the nuclear power plant if the sheikh buys in?
£50m a year would do nicely just to rub it in the faces of United and Liverpool fans.
 
Gingers Dad said:
If Al Jazira say they were happy that Mancini completed his contract with them isn't that the end of it?
Click to expand...

Yeah but to paraphrase Simon Pearce in the leaked emails when this situation reared its head after Mancini was fired “I’m not sure how much influence we have there any more”
 
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