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). Comoros Egypt. El Kashashy and sports lawyer Chris Farnell have put pen to paper with Burnley following an agreement with clubchairmanMike Garlick. Can you name every club that Erling Haaland has scored against this season? About 120,000 workers in Canada's federal public service ended a strike after the government of Prime Minister Justin Trudeau agreed to wage increases of about 12 per cent over four years. His involvement in Paul Elliotts consortium, which intended to take over Charlton Athletic from the then-owners Nimer and Southall, was confirmed on 3 July 2020. Burnley are third-bottom of the Premier League with no home goals and only a point to show after five games yet two consortiums are vying to take over their ownership. Experience includes working with private equity investors/boards, improving performance and profitability with decisive change management and growth leadership . source of funds - which was allegedly the problem with Nimer's application to the EFL for Charlton. A connection with Farnell is easily proven by the Companies House entry for Staunch Partners Ltd. From its incorporation on 20 November 2019, it has had two directors, Mohamed Sayed Zein Elkashashy and Christopher William Farnell. (Photo by Tony McArdle/Everton FC via Getty Images). The 53-year-old is worth $5.8bn (4.41bn) at the time of writing, according to Forbes, up from $4.4bn in April. It was also reported that they claimed to have signed a Sales & Purchase Agreement and provided proof of funds while they were waiting on a result of a fit and proper persons test from the Premier League. The Public Service Alliance of Canada made the announcement early Monday. It is understood there has been no contact between El Kashashy, Farnell and Burnley chairman Mike Garlick for six weeks. It is being said that Burnley are close to a 200 million major takeover by an Egyptian food magnate, El Kashashy. And the price explains why some choose to speculate to accumulate, even if it is a policy that has cost some millions when their plans have backfired. Burnley could soon be set for new ownership. He is now free to pursue his bid with El Kashashy, which it is believed will be about 200m. It seems Elliott and Farnell are appealing@EFLOADT after all, as current decision blocks them from future involvement at any club #cafc It seems reasonable to guess El Kashashy was one of the other individuals under consideration, as an acknowledged member of the consortium hoping to buy CAFC. 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According to Forbes, the 35-year-old was one of the five youngest billionaires in Asia when the publications 2020 Billionaires List was published, since when his net worth has risen from $3.7bn to $3.9bn (2.96bn). How many King Charles III facts do you really know? All parties are now waiting for the Premier League to rubber-stamp the deal. The latest report suggests that Garlick has been in talks with Farnell and Elkashashy for almost a year, but this is the first time that their names have appeared in the press with regards to the Turf Moor outfit. Klopp: We will do business | Chelsea transfer model impossible for manager, Transfer Centre - Neville: Spurs can't afford to lose Kane this summer, Carra: Everton display will worry rivals | 'Big Sam makes sense for Leeds', Brecel holds off Selby fightback to win World Snooker final, Arteta: This is not over | Lampard: Arsenal still in the title race, Ref Watch: 'Klopp case closed but Jota got lucky!'. It is just a question of when and how and how much. Something went wrong, please try again later. Last Updated: 30th October, 2020 11:21 IST Premier League Club Burnley Set For 200m Takeover By Egyptian Tycoon Mohamed El Kashashy . Farnell and A. Mihail resigned as directors of ESI on 10 Aug and CASTrust reported on 19 Aug, Lots happening again. Its amazing work theyre doing and Id really love to be in a position to help them build and achieve their vision for this great city.. The pair have signed a Sales and Purchase Agreement (SPA), have provided proof of funding and are awaiting Owners' and Directors Test clearance for a takeover attempt believed to be worth around 200million. Quiz! KingFut. This website was created independently from Charlton Athletic Football Club and any other organisations officially associated with the club. Final - 18/11/2019. West Ham owners Sullivan and Gold have been at the east London club for more than a decade, having taken over during the 2009/10 season. Harris is a founder of investment group Apollo Global Management, and his fellow owners at the London club include David Blitzer and chairman Steve Parish. The latest rumours and stories from around the world of football. 'ACCESS ALL AREAS' pass to exclusive interviews with the biggest and best names in the game. 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. been raising funds to support the club, to pay players and staff wages. That's an absolute fucking disgrace. Egypt Kenya. Should anyone manage to pull up the drawbridge, remove relegation and ringfence the division then Burnleys value would mushroom. 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. Farnell subsequently appealed against the decision and the ban was withdrawn, although he did serve a five-week disqualification period which ended on 14 September. Also Read |Kane and Son combine to give Tottenham to 1-0 win at Burnley. Burnley are the subject of a 200m takeover bid from Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell. By then he will probably need it, for though Burnley have been reliably buoyant over the past few seasons this one has started disappointingly. 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. The Express has now ranked the owners the 20 clubs in the 2020/21 Premier League by their wealth, . The Chinese businessmans past lies in the landscape development and construction industries, and his spell in charge of West Brom has included a relegation in 2018 and a promotion in 2020. The Mail reports his net worth at 62m, the lowest of any Premier League owner. Back in April of this year, the Manchester Evening News reported that the family was worth 3.8bn. Strangely, the most recent websites found about Think Food LLC dates from 2014, at which time it had five restaurants /cafes in the UAE. Burnley chairman Mike Garlick is preparing to give over his share of the club to a new owner in a 200million deal. The Iranian made his money in the steel and energy industries, and is a long-time business partner of former Arsenal shareholder Alisher Usmanov. Last week, a source told the BBC that the sports investment firm, run by United States-based businessman Alan Pace. The company operates seven restaurants in the UAE, with plans to open two more before the end of the year. 1 1. Experience includes working with private equity investors/boards, improving performance and profitability with decisive change management and growth leadership. He is someone that both Chris Farnell and I have known for some time.. The same article also said he was currently a managing partner of Beta-Infra, which appears to be a firm based in Rio de Janeiro in Brazil, whose only contact point is Facebook. . The Fulham owner and chairman was confirmed as owner of NFL franchise Jacksonville Jaguars in 2012 and completed his Fulham takeover the following year. Son and Kane combine again to beat Burnley. It is believed El Kashashy has been attracted by one of the Premier League's best-run clubs and is prepared to back manager Sean Dyche with major investment to improve his squad. His players understand Dycheball, but some may be less suited to another style of play. 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.. Plus, Joey Barton, Jim Ratcliffe at Nice, a San Siro Saga and the 40 goal club, How to get the best value for watching the end of the Premier League and Champions League seasons in the UK. (Photo by Visionhaus/Getty Images). 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. They expect to remain at the site into the morning, 10 key money changes coming in May including tax credits, Ofgem price cap decision and Tesco deliveries, Big changes are coming for Brits this month including cost of living payments, 200 energy help and interest rates, Single mum distraught after 'lifeline' car used to get her disabled son to hospital is stolen from outside her home, Connie Cushnaghan had her car stolen from outside her home and has had to pay 800 so far to have it recovered and repaired, Attempted murder arrest after Preston stabbing leaves man with serious injuries, Police believe the 22-year-old victim was stabbed at an address on Ribbleton Avenue before being found on Blackpool Road, How much do you know about King Charles III? 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 Egyptian entrepreneur involved in Burnley FC takeover bid, Who is Chris Farnell? The consortium had been in negotiations with Burnley chairman Mike . Burnley are the subject of a 200m takeover bid from Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell. Extensive international operations, financial and commercial knowledge, who has led and managed organizations in a variety of industries, is how he describes himself in the About section. 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. However, Farnell is still being investigated by the Solicitors Regulation Authority about his actions during his time involved with Charlton earlier in the year. However, BBC Sport understands that Farnell and El Kashashy are in talks with major shareholders at the club. Both parties are keen to takeover Burnley, whose chairman Mike Garlick has been looking at outside investment for a number of months. History, in part, though whether that has much of a financial value is a moot point. The nature of its business is recorded as Activities of open-ended investment companies, which could at a stretch be the foundation for El Kashashys claim to be a Strategic Private Equity Director. Quiz! The report also claims that the Egyptian businessman has been keen on the takeover for more than a yearnow. 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. 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. Published 28th Oct 2020, 18:35 BST - 2 min read. Why This Rolex Is Worth More Used Than New. This is partly because ALK Capital, which is run by Alan Pace, the former president of Major Soccer League franchise Real Salt Lake, was further advanced in negotiations but also because Farnell has been embroiled in the chaotic takeover saga at Charlton Athletic.. Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. Burnley owner Garlick has the lowest net worth of any Premier League owner, and has been sole chairman of the Clarets since 2015. Mohamed El-Erian on Fed Missteps and Banking Industry . FourFourTwo is part of Future US Inc, an international media group and leading digital publisher. All rights reserved. 14/11/2020. On 8 November 2020, the Sunday Mirror claimed El Kashasky [sic] . Garlick is thought to be keen to stay on in some administrative capacity under new owners, and would prefer any takeover to take place sooner rather than later so that Dyche may get some money to spend in the January window. I bet Farnell's already spent a few quid upgrading his office security. 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. FIXTURE NEWS | Our away game at the Amex has been rescheduled for live broadcast . It may have risen since then, but perhaps only temporarily. Earlier this year, Goal reported the Emiratis net worth at $20bn (15.19bn). 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. (modern). The latest rumours and stories from around the world of football. It is possible El Kashashy has an interest in financial services. The takeover is being led by El Kashashy, who is based in Dubai and made his name in the Food and Leisure industry. Papers: Big Sam or Bowyer to replace Gracia at Leeds? He sold a stake in investment vehicle Lander Sports Development earlier this year, according to The Athletic, fetching an estimated 148.5m. 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. 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. Burnley have been seriously weakened since last summer by releasing out-of-contract players and not replacing them. According to the Mail, he is worth an estimated 198m. As always you can unsubscribe at any time. Reports claim that contracts have now been signed and exchanged while proof of funds has also been established. Published: 06:21 EDT, 12 November 2020 | Updated: 08:22 EDT, 12 November 2020 . The Cheshire-based lawyer was handed a ban after issues arose during an attempt to buy Charlton earlier this year. And yet much of the value comes simply from one thing: Premier League status. According to Linkedin, El Kashashy is an alumnus of the American University in Cairo with a Bachelors degree in business administration and management, with a subsequent Master of Business Administration from the Madrid-based IE Business School. It can only go in one direction. I really do feel for them. Egypt international Ahmed Hassan Kouka found the back of the net for Alanyaspor in. Totally dumbstruck by this. Mohamed El Kashashy and Chris Farnell have pulled out of takeover talks to buy Burnley Football Club.. ALK Capital is now the only party . The takeover is being led by El Kashashy, who is based in Dubai and made his . His only signing this summer was Brighton midfielder Dale Stephens, while Joe Hart, Aaron Lennon and Jeff Hendrick were all released when their contracts expired in June. The chairman, Mike Garlick, has generally operated on the frugal side of sensible, and Dyche has done extremely well to keep the club punching above its weight on a fraction of the budget of north-west rivals, though Burnley do not have the sort of corporate backing that can help cope with empty stadiums and have been looking for outside investment for several months. 3rd December 2020, 5:46 pm. 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Future US, Inc. Full 7th Floor, 130 West 42nd Street, According to a talkSPORT rich list, he was worth 1.3bn as of May this year. How can this happen? The 46-year-olds investment firm Aser Ventures operates predominantly in the sports and media spheres, and owns the Eleven Sports TV channels. They are overachievers on the pitch, too, with two top-10 finishes in the last three seasons. (Egyptian 9.65 billion = US$ 620M = UK440M). Or by navigating to the user icon in the top right. Mohamed El Kashashy ready for Burrnley take overBurnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy. Mohamed EL BAKKALI LinkedIn. Guangchang is the founder and co-chair of Fosun International, the group which completed a 2016 takeover of Wolverhampton Wanderers. So what does 200 million buy? His main business venture is Think Food LLC, which operates several restaurant chains around the United Arab Emirates. Thu 29 Oct 2020 08.46 EDT. And Fulham, with their London location, has advantages Burnley lacks. According to Bristol Live, he was worth 450m as of April this year. I have just checked my calendar to make sure it isn't April 1st. This is the full list of Egyptianbillionairesaccording toForbes (28 Jun 2020): Perhaps the data the Mirror accessed was in Egyptian pounds? Although the description of him as a Banker, in a Daily Mail article of 22 June 2020 (see quote below) is thought to be an error, a quote in the 29 October 2020 edition of LancsLive was taken from his LinkedIn profile, describing himself as a Strategic Private Equity Director, and claiming in the About section: Experience includes working with private equity investors/boards, improving performance and profitability with decisive change management and growth leadership. This is sufficiently vague that it could have some basis in fact. As a Championship club, or even one in imminent danger of dropping down a division, they would not be nearly as attractive to investors. 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. El Kashashys Think Food LLC appears to have no connection with the international Think Food Group founded by Jos Andrsin 1993. By Ahmed El-Ramady . 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). A Crystal Palace co-owner since 2015, Harris other sporting ventures include the Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL. That is BULLSHIT. 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Tachira venezuela loteria dominicana: 1: 12%: Pescaderia barriuso burgos lighthouse: 2: 13%: Forbach frankreich hotel: 3: 14%: Memorandum of understanding mou terms Sports lawyer profiled amid links with potential 200m Burnley FC takeover, Blackburn Rovers player ratings as Hayden Carter's late equaliser keeps season alive, Blackburn Rovers player ratings after their Championship match against Luton Town, Ryan Lowe plans Peter Ridsdale conversation as Preston North End future questioned, PNE fell out of the play-off race with Saturday's defeat to Sheffield United, Jon Dahl Tomasson on Blackburn Rovers fightback, play-off battle and goal-scoring problems, Reaction from the Blackburn Rovers head coach after their 1-1 draw with Luton Town at Ewood Park, Vincent Kompany explains Burnley's Premier League transfer planning and Alan Pace's role, The Clarets have won the Championship title in the Belgian's first season as boss, Blackburn Rovers contract stance on Bradley Dack and Daniel Ayala, The experienced pair are out of contract in the summer and have yet to sign any extensions, Blackburn Rovers suffer another groundhog day as Luton Town draw sets up season finale, Blackburn Rovers drew 1-1 with Luton Town at Ewood Park, Blackburn Rovers predicted team for crunch play-off race clash against Luton Town, It's a massive match for Jon Dahl Tomasson's men, Blackpool holidaymaker left hundreds out of pocket after hotel says they can't check in, Kerry Joines from Stoke was hoping to stay at the Blackpool Promenade Hotel over the weekend, but it was a nightmare from start to finish, Live Preston fire updates as roads closed and smoke sent billowing into skyline, Emergency services say several roads are closed and firefighters remain at the scene, Seaside town facing a summer without its most famous attraction as traders break down, Day-trippers and holiday makers arriving in the town may be surprised by the closure, DWP demands Universal Credit mum repays 8,600 but court rules in her favour. Arsenal owner Kroenke is one of a number of Americans to invest in Premier League clubs, and has been involved with the Gunners for more than a decade. Italian businessman Radrizzani took full ownership of Leeds United in 2017, taking over from previous incumbent Massimo Cellino. Takeover talk continues to swirl around Burnley with Egyptian businessman Mohamer El Kashashy and sports lawyer Chris Farnell confident of securing a deal for the club. Global ranking: Name: Citizenship: Net worth (USD) 330: Nassef Sawiris Egypt: 5 billion: 590: Mohamed Mansour Egypt: 3.3 . Burnley: Clarets subject of 200m takeover bid by Mohamed El Kashashy & Chris Farnell. How many King Charles III facts do you really know? (Two more here and here) . Khans net worth sits at $7.8bn (5.93bn), according to Forbes. The duo have met Mike Garlick and it is understood that the pair have signed a Sales and Purchase Agreement (SPA), provided proof of funding and are awaiting Owners' and Directors Test clearance for a takeover attempt believed to be worth around 200million. According to an EFL owner rich list published by Bristol Live in April, Lai was worth just under 2.2bn in spring of this year. Test your knowledge. Think Food raised housing allowances in response, which cut its profit by between 15 and 20 per cent, Mr El Kashashy said. This is ahead of a consortium led by sports lawyer Chris Farnell and businessman Mohamed El Kashashy. PL relegation fight: What are the remaining games? Burnley are without a Premier League win so far this season. 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. Sooner or later, they would be imperilled. Egyptian businessman Mohamed El Kashashy and solicitor Chris Farnell have pulled out of a potential deal to buy Burnley. How to get into football - the most popular sport in the world, with clubs and facilities throughout the UK. Discussions over the takeover, which is being led by Mohamed El Kashashy and sports lawyer Chris Farnell, have been going on for the past 12 months and all parties are now waiting for the Premier League to rubber-stamp the deal. The sports lawyer appealed to the EFL that he had made an administrative error, which resulted in a bitter conflict with the body. Private investment company Staunch Partners Limited, registered with Companies House after filing a statement of capital in November last year, is said to be Farnell and Elkashashys takeover vehicle. Ashley is still in charge at Newcastle United, after takeover talk during the summer failed to bring about a change in ownership. 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. He took a 50% stake in the Yorkshire club in 2013, becoming full owner several years later, and also has ownership interests in clubs in Belgium, India and the UAE. According to a list published by the Mail earlier this year, he was worth an estimated 3.1bn in May. Gold and his daughters are worth 460m according to the Sunday Times, while Sullivan - his business partner in the adult magazine industry, is worth 1.1bn. Burnley are on the verge of being taken over in a deal worth around 200m by Egyptian businessman Mohamed El Kashashy.