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Elon Musk, 6 Other Billionaires Tipped To Buy Liverpool As FSG Put Club Up For Sale

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Liverpool has begun their search for a new billionaire owner after Fenway Sports Group put the club up for sale.

Current owners FSG made the shock announcement on Monday, revealing they will be listening to offers after 12 years in charge. But John Henry and co. are unwilling to sell for cheap, with Forbes valuing the Reds at £3.5billion, which is significantly more than the £300million the Americans paid initially.

And with Liverpool supporters, players and staff now eagerly anticipating who will take over at Anfield, here are seven billionaires that could buy the Premier League giants.

Sir Jim Ratcliffe

Sir Jim Ratcliffe supports Man Utd
Sir Jim Ratcliffe supports Man Utd (Image: AFP via Getty Images)

Britain’s richest man, Sir Jim Ratcliffe is seemingly in the mix whenever there is talk of a big-six Premier League club up for sale. He is worth an estimated £10.1bn, allowing him to own Ligue 1 club Nice, Swiss side FC Lausanne-Sport and cycling team Ineos Grenadiers already.

Ratcliffe will be a familiar name to fans of Chelsea after expressing his interest in buying the Blues from Roman Abramovich earlier this year. But he failed in his pursuit as Todd Boehly took over, before going on to state that he wanted to buy Manchester United if the Glazers decided to sell.

Muhsin Bayrak

Muhsin Bayrak almost bought Chelsea this year
Muhsin Bayrak almost bought Chelsea this year

Turkish billionaire Muhsin Bayrak is worth a whopping £8bn as a result of his company – AB Group Holding – which has its fingers in tourism, cryptocurrency, and construction. He was another big name linked to purchasing Chelsea earlier this year as Abramovich flew to Turkey to meet him.

Despite claiming “we will fly the Turkish flag in London soon”, Bayrak was beaten to the west London club by Boehly. But Liverpool, who like Chelsea have recently won Premier League and Champions League titles, could tempt the business mogul into making another ambitious move.

Sheikh Khaled Bin Zayed Al Nehayan

Sheikh Khaled is the cousin of Man City's owner
Sheikh Khaled is the cousin of Man City’s owner

Liverpool vs Manchester City would certainly make for an even more exciting clash if Sheikh Khaled Bin Zayed Al Nehayan took over the Reds. That’s because he is the cousin of the City’s billionaire owner Sheikh Mansour.

The Abu Dhabi royal already attempted an unsuccessful £2bn takeover of Liverpool in 2018, which at the time would have broken the record for the most expensive buyout of a football club.

Sheikh Khaled’s most recent endeavors involved offering £350m for Newcastle in 2019 until talks fell through and being linked with buying Derby County.

Billy Beane

Billy Beane already has a stake in FSG
Billy Beane already has a stake in FSG

We may as well just call the list the ‘Chelsea rejects’ at this point because American Billy Beane teamed up with US investment firm RedBird Capital Partners in an attempt to buy the Blues this year.

Beane, who was a baseball player before revolutionizing the sport with his ‘Moneyball’ philosophy as a general manager, is a Liverpool owner already – possessing an 11% stake in FSG. Selling the club to an associate could be the most straightforward step for John Henry.

LeBron James

NBA legend LeBron James is already a minority owner
NBA legend LeBron James is already a minority owner (Image: PA)

NBA legend LeBron James’ love for Liverpool is well-known. The Los Angeles Lakers star regularly talks about the Reds’ progress and took a leap into football ownership by purchasing a 2% stake in the club 11 years ago.

LBJ became a minority partner of FSG in March 2021 as he strengthened his ties to the Anfield club with business pals Maverick Carter and Paul Wachter. Yet even ‘King James’ cannot afford to carry out a wholesale takeover, with his net worth only being around £1bn.

Elon Musk

Elon Musk would bring entertainment to the Premier League
Elon Musk would bring entertainment to the Premier League (Image: AFP via Getty Images)

Arguably the name that would cause the biggest storm if they were to take over is new Twitter owner Elon Musk. The 51-year-old certainly has enough money, reportedly being worth a whopping £175bn.

Musk, who grew to prominence with Tesla and SpaceX, has already expressed his interest in football ownership, tweeting back in August: “Also, I’m buying Manchester United ur welcome.”

We can’t help but wonder what Anfield would look like with Musk at the wheel…

Sir Martin Broughton

Sir Martin Broughton was briefly Liverpool chairman
Sir Martin Broughton was briefly Liverpool chairman (Image: PA)

Sir Martin Broughton failed to purchase his favorite football team, Chelsea, this year. His consortium was set to receive financial backing from the US firm Creative Artists Agency but it was not to be in the end.

He will be a familiar name to Liverpool supporters already, having briefly been the Reds’ chairman in 2010 and brokered their eventual sale to FSG.

 

Credit: Daily Star Sport

BIG STORY

National Assembly Passes Life Imprisonment Bill For Nigerian Drug Traffickers

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In a bid to tackle drug-related crimes, the National Assembly has amended the National Drug Law Enforcement Agency (NDLEA) Act, introducing life imprisonment for drug offenders and traffickers.

This comes after the Senate and House of Representatives adopted the harmonised report on the amendment.

Senator Tahir Monguno, Chairman of the Senate Conference Committee, presented the report, highlighting that the amendment introduces stricter penalties to deter drug-related crimes.

“Any person who unlawfully engages in the storage, custody, movement, carriage or concealment of dangerous drugs or controlled substances and, while doing so, is armed with an offensive weapon or disguised in any manner, commits an offence under this Act and is liable, upon conviction, to life imprisonment,” Monguno said.

The Senate approved the amendment through a voice vote during Thursday’s plenary, which was presided over by Deputy Senate President Barau Jibrin.

In addition, the Senate passed the Revenue Mobilisation, Allocation, and Fiscal Commission Bill, 2024, aimed at replacing the 2004 RMAFC Act. Yahaya Abdullahi, Chairman of the Senate Committee on National Planning and Economic Affairs, stressed the need for the commission’s reform, citing Nigeria’s declining revenue and increasing population.

“The Act, last revised over 20 years ago, no longer reflects Nigeria’s evolving economic realities. This bill proposes additional funding and a restructured operational framework for the commission to improve its efficiency,” Abdullahi explained.

He further emphasised the need for adequate funding from the Federation Account for the RMAFC to effectively carry out its constitutional duties.

The bill, passed after deliberations and a majority vote, now awaits President Bola Tinubu’s assent to become law.

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UPDATE: We’re Ready To Provide Evidence For Trial Of Simon Ekpa — Enugu Government

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The Enugu State Government has expressed its readiness and willingness to provide evidence to assist in the prosecution of Simon Ekpa, who was arrested in Finland on Thursday over allegations of sponsoring terrorism in Nigeria.

Enugu State Government made this offer in a statement released by the Secretary to the State Government, Prof. Chidiebere Onyia, on Friday.

In the statement, the Enugu State Government also commended the Government of the Republic of Finland for the arrest of Ekpa, whom it described as “the Finland-based leader of the criminal gang, Autopilots.”

The Enugu State Government further referred to Simon Ekpa as “a common criminal, con man, and terrorist, who has no interest of Igbo people at heart.”

It added that Ekpa “is a murderer and fraudster, who delights in killing his people and living large off their misery.”

“Enugu State was ready and willing to provide evidence of Ekpa-sponsored atrocities against Ndigbo to aid his trial and conviction, whether in Finland or Nigeria.”

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa.”

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

“This arrest is in line with the demand of Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster, who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region.”

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work.”

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra,” the government said.

Ekpa was arrested and detained alongside four other suspects by the government of Finland on charges of sponsoring terrorism in Nigeria, according to local newspapers in the European country.

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BIG STORY

Much Ado About Meddlesome Minions, And Messengers Of Misinformation — By Tayo Williams

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There is a growing phalanx of pseudo-intellectuals parading the social media space with faux and fictitious knowledge of the indigenous oil and gas industry, and it is scary because of the grave danger they portend and present for the average Nigerian.

From X (formerly known as Twitter) to Facebook and even the photos and videos-sharing site, Instagram, they abound, in their inglorious number, lending their platforms to deliberately distort facts and spread misinformation especially to favour the narratives propounded by popular Nigerian businessman Aliko Dangote, owner of the Dangote Petroleum Refinery.

Since the refinery began operations earlier in the year, it has been one week, one controversy allegedly orchestrated by Dangote in a brazen attempt to arm-twist the Nigerian National Petroleum Corporation Limited, NNPCL, into playing by his rules.

Those conversant with the modus operandi of Dangote and his refinery say the long-drawn warfare with every institution and individual in the oil and gas value chain is nothing but a self-seeking and mindless profit maximisation tactic.

Whilst nobody begrudges Dangote’s drive for profit as a businessman, perhaps he needs to be reminded that the NNPC has a mandate to ensure and provide energy security in a way that is affordable and sustainable for the generality of Nigerians. And, the NNPCL management has declared in very unambiguous terms that it would not pander to the din of the market whether orchestrated by Dangote, his rampaging minions or anyone else.

The truth, however, is that there is an increasing army of vacuous, vicious, and vile individuals strutting the social media space defending and propagating outright and outlandish falsehoods. Of particular concern is one Kelvin Emmanuel who has become the unofficial mouthpiece of the Dangote Refinery. Going from one media house to the other, he pulls figures out of the air and projects obnoxious untruths on hapless Nigerians. With the backing of his paymaster’s billions, it is no surprise that this otherwise irrelevant and fatuous character now commands appearances on major television stations.

But it is on X that he has made lying glibly and gratuitously the Holy Grail. He once premised Dangote’s inability to secure feedstock for his refinery on the government and the NNPCL. While peddling this untruth, he conveniently forgets that the refinery had a seven-year window, during its construction phase, to lock in feedstock supplies that could last a minimum of five years. Dangote did none of that. As it would later unfold, his game plan, which Emmanuel glossed over, was to monopolise equity oil and production quotas to serve his business interests.

Another deliberate misinformation from the Dangote camp was the allegation that International Oil Companies (IOCs) and other industry players were trying to sabotage his interests. Apart from being an investor in the Dangote Refinery, the NNPC still supplies gas to various Dangote companies across Nigeria. How can anyone or any institution jeopardise their investment? What further proof of faith does Dangote and his minions need to know that the NNPC is their cheerleader, and is here to make operating in the industry seamless and a win-win for all?

Echoing Dangote’s baseless stance, Emmanuel also called for the sack of Mr. Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), regulators of Nigeria’s midstream and downstream value chain. By Emmanuel’s warped reckoning, Ahmed had no locus to speak against Dangote or his enterprise because the latter questioned the quality of the product from Dangote Refinery and other local refineries in comparison with imported ones. Of course, Emmanuel’s was a lone voice in the wilderness because those who understand the invaluable role that the NMDPRA plays in the industry did not as much as dignify his tirade with a glance.

In a robust response to Emmanuel’s groundswell of egregious lies, Ibrahim Y. Kabo, a petroleum engineer based in Abuja, described him as “Someone who has not seen the inside of a refinery before Dangote built one, let alone understood the mechanism of the energy industry, …(yet) assuming the role of an authority in oil and gas matters.”

He went further to lampoon Emmanuel for stating that only Dangote Refinery’s products meet specifications while others are all sub-standard. “The obvious question is: whose specifications? For a refinery that has barely made four of seven pre-inauguration certifications, it sounds somehow laughable to suddenly assume the role of regulator in an industry you’ve barely entered,” Kabo said.

In the article, entitled, “The Hand of Aliko, the Voice of Kelvin: Inside Dangote Refinery’s Media Stunt Lab”, Kabo declared that from all Emmanuel’s interviews and pretensions to be an industry expert, one thing is obvious: “He lacks an understanding of both the mandate and the reach of NNPC as a national oil company.”

Kabo adds that, “Downstream is the least of NNPC’s business interests. The mandate, as per PIA (Petroleum Industry Act), is to facilitate both the extraction and commercialization of Nigeria’s oil and gas resources. 20 billion dollars may be a lot, but NNPC and industry regulators routinely handle projects of that magnitude. At best, Dangote and (Emmanuel’s) ranting are an irritation. I believe that’s why NNPC openly declared it was not interested in being Dangote’s off-taker.”

Like the Yoruba saying goes, derision does not stop the sweetness of the honey. The meddlesome minions and messengers of misinformation can continue dancing naked in the marketplace, but what is most important is that the NNPCL has assured that it will not cease doing everything in its capacity “to harness the possibilities of oil and gas, address energy demand and drive the national economy, and become the number one oil producer and supplier in Africa.”

 

Tayo Williams is a Lagos-based media executive

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