EXCLUSIVE: Chelsea FC’s new owners could be prevented from paying dividends for ten years and be bound by strict limits on the club’s indebtedness under a package of measures dubbed ‘anti-Glazer clauses’ aimed at avoiding the controversy that dogged Manchester United after…
Mark Kleinman
11.9K posts
Sky News City editor, CityAM columnist; winner, 2021 British Journalism Awards; twice London Press Club Business Journalist of the Year. Charlton Athletic fan.
London
Joined September 2009
- EXCLUSIVE: The brother of Gina Coladangelo, the Whitehall director whose alleged affair with health secretary Matt Hancock has prompted calls for him to quit, is a director of PHL Group, a private healthcare provider which has won several NHS contracts.
- EXCLUSIVE: Manchester United’s owners, the Glazer family, are to explore a sale of the club as part of a review of options that could also include selling a minority interest. An outright sale would bring an end to 17 years of controversial ownership.
- Exclusive: Jim Ratcliffe’s acquisition of a 25pc stake in Manchester United Football Club will be announced today, 13 months after the launch of a review initiated by the Glazer family. Ratcliffe’s Ineos Sport will take control of the football side of the club. More soon.
- Revealed: M&S and Sainsbury's, the first two big food retailers to report results since the Budget, face a combined employer NICs bill of up to £200m as they come under pressure to say whether they expect the tax hikes to trigger a spike in food prices.
- Exclusive: Chelsea FC has struck a £20m-a-year shirt-sleeve sponsorship deal with WhaleFin, a cryptocurrency group, that could be announced as early as tomorrow. Although the club continues to operate under the strict conditions of its government licence, the partnership... 1/2
- Exclusive: The Premier League told clubs at a meeting today that a new six-year partnership with Electronic Arts, the video games group, would be worth close to £500m (more than twice the current annual value) and underlines the League's ongoing commercial pull. More soon.
- Exclusive: Steve Reed, the new environment secretary, has summoned executives from the 16 water companies in England and Wales for talks tomorrow - the same day that industry regulator Ofwat issues crucial rulings on their five-year investment plans.
- Revealed: Sadiq Khan, the Mayor of London, has decided to block an application from Madison Square Garden to build a London version of the Las Vegas Sphere at the Olympic Park in Stratford on the grounds of excessive light pollution. A formal statement is expected later today.
- Exclusive: Tom Glick, a former top executive at Manchester City FC's parent company, is to take over day-to-day running of Chelsea Football Club following its £2.5bn takeover by a consortium led by Clearlake Capital and LA Dodgers part-owner Todd Boehly. More on @SkyNews soon.
- EXCLUSIVE: Richard Arnold, the Manchester United Football Club CEO, is to leave the club by the end of the year. An announcement will be made later today and will come shortly before Sir Jim Ratcliffe's Ineos Sport confirms the acquisition of a 25% stake in the club. More soon.
- EXCLUSIVE: A Premier League club - thought to be Manchester City - is threatening to bring a legal challenge to prevent the adoption of reforms to rules governing associated party transactions aimed at ensuring fairer commercial deals in the top flight.
- Exclusive: Newcastle United FC is in advanced talks to sign a multimillion pound shirt sponsorship deal with Sela, a Saudi-based events company - an alliance that would provide a litmus test of new Premier League rules on related-party transactions. news.sky.com/story/newcastl…
- Exclusive: PricewaterhouseCoopers is to separate its Russian firm from the rest of its global network in a move affecting 3700 partners and staff in the country. It's arguably the most significant example so far of a global multinational exiting Russia. Full story up soon.

