Real Madrid president Florentino Pérez will this weekend push ahead with plans to bring in outside shareholders for the first time in the member-owned club’s 123-year history, as the Spanish team tries to reinforce its status against the growing financial might of Premier League clubs. At Sunday’s annual meeting of members, Pérez is to outline the next steps of a plan to bring fresh capital into the club. That would allow an outside investor to take a 5 to 10 per cent stake in Real Madrid, in a test of the club’s valuation, according to a person with knowledge of the matter. While the meeting is a standard event, where members will vote to approve the annual accounts, Pérez’s speech will be closely watched for updates on potential changes to the club’s corporate structure, the way capital will be raised and the effect on members. Changes to the bylaws will require members to meet and vote, potentially as soon as next year. The stakes are high following US investment firm Apollo’s d...
The steep bowl design lof Birmingham City’s new stadium features 12 chimney-form towers, designed to echo the brickworks that once sat on the site and point towards how the hard-working people of Birmingham changed the world during the Industrial Revolution. The chimneys — undoubtedly the biggest talking point — will provide structural support for the roof while accommodating lifts and staircases and helping with ventilation. One tower will even include a lift to what is claimed will be Birmingham’s highest bar, offering city-wide views. Once completed, they will be viewed from 40 miles away. Early reaction to the £1.2billion ($1.57bn) project from locals has been largely positive, but considerably more mixed across the country. Long-serving supporters of football clubs are sensitive to changes around history and tradition, with a stadium move the most delicate issue, yet the initial signs are that many Birmingham fans are on board. The design includes seating as close to pitch...