Money

Bidders shortlisted for Chelsea FC ownership

Published

4 years ago

March 22, 2022

The bidders vying for the ownership of Chelsea Football Club will be shortlisted within days

Global investment firm Centricus is the latest to fund another British bid to secure the popular Chelsea Football Club. A move driven by co-founder Nizar Al-Bassam and CEO Garth Ritchie, who are seasoned ticket-holders.

Centricus reportedly has £29 billion in assets and says it will “maintain and support the clubs existing management.”

Chelsea was put up for sale by owner Roman Abramovich following Russia’s invasion of Ukraine. Abramovich moved swiftly to sell the club when sanctions were being placed upon Russian oligarchs.

However, the U.K. Government is now in control of who the buyer will be and where the net proceeds will go, with Abramovich having no say in the sale.

United States bank Raine Group is overseeing the sale and plans to narrow down the shortlist of bidders to three.

The competition for the Chelsea is ripe, with billionaires, moguls and investors around the world expressing their interest with notable bids.

Many bidders have been made public including Saudi Media, as well as British property developer Nick Candy. However, many other bidders remain private as this time.

There has been no word on who is leading the bid, with Candy recently upping his bid on Monday.

Final sale

From here, Raine Group will shortlist the bidders down to three. The preferred buyers will be given to the Government, who will then issue a licence for sale.

Specific evidence will also be required to prove that Former owner Abramovich is not related to, or can benefit from, the sale.

The buyer will also have to pass the Premier League’s Director’s testing, which includes suitability and legal checks.

A final sale is expected before the end of March.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

2 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

2 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

2 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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