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...Following the raids, Elliott said: “AC Milan was sold to RedBird on August 31 2022. As of that date, the Elliott funds have had no equity interest in, or control over, AC Milan.”...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands of warehouses, apartment buildings and data centres across the US...
...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...Sir Lynton Crosby’s CT Group has been accused of unlawfully gathering privileged information in a legal battle in London’s High Court over a multibillion-dollar estate linked to a deceased Russian billionaire...
...Italy’s finance police raided the headquarters of Serie A football club AC Milan on Tuesday as part of an investigation into potential irregularities over its 2022 sale by US hedge fund Elliott Management...
...AC Milan’s current chair Paolo Scaroni was also appointed by Elliott in 2018. Gordon Singer, son of Paul, continues to sit on the board of AC Milan....
...Following the raids, the fund said: “AC Milan was sold to RedBird on August 31 2022. As of that date, the Elliott funds have had no equity interest in, or control over, AC Milan.”...
...The UK owner of outdoor brands Rab and Lowe Alpine has hired a former Berghaus executive as its new chief to turbocharge the growth of the brands....
...The US only stockpiles $912mn of nonfuel commodities — $13.5bn less than its requirements, according to a Congressional Research Service report....
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
...But they still need agents — particularly those who sell real estate as a side hustle — to stay put, rather than go the way of travel agents. pan.yuk@ft.com...
...The difference between the percentage of estate agents reporting a rise in buyer interest versus those recording a drop climbed to 8 points, double the reading of the previous month and the highest reading...
...The future of San Siro, one of European football’s most famous sporting arenas, has been in doubt since US hedge fund Elliott Management took over AC Milan in 2018 and initiated plans either to refurbish...
...Yet buying real estate is not the smartest use of luxury cash flows. On the face of it, Kering’s deal does not look too bad....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...Li Auto expects revenues of Rmb31.3bn ($4.4bn) to Rmb32.2bn in the first three months of 2024, short of a market consensus of Rmb36.4bn....
...Many of the more newsworthy collapses, however, have been brought about by new investors leveraging the real estate of department stores....
...He also has a $200mn stake in Axos, an online-only bank that is one of Trump’s largest direct lenders, making him the group’s biggest shareholder. The auto lender is used to doing risky business....
...Caledonian Road, the Scottish novelist and journalist Andrew O’Hagan’s seventh novel — a Dickensian doorstopper laced with the kind of satire we might more readily associate with Thackeray’s Vanity Fair...
...What is a “transportation service”? It’s one of just a few services costs that drove an acceleration of consumer prices in January: Shelter costs, transportation services and medical services....
...The question may cross your mind over the course of All of Us Strangers, the melancholy new film from Andrew Haigh. Many other writer-directors would have presented it as a tale of the supernatural....
...The system de facto forced sellers to hire realtors in order to expose their homes to buyers and to be advertised on multiple listing services, which are central databases of properties, thus violating antitrust...
...The region-wide Stoxx Europe 600 rose 0.3 per cent, with energy groups and rate-sensitive real estate stocks the best performers....
...Service, which feeds into real estate platforms such as Zillow....
...The United Auto Workers has endorsed Joe Biden for president, a boost for his 2024 campaign after the union had withheld from formally backing the US president after he joined striking autoworkers on the...
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