Italy’s oldest football club Genoa to be put up for sale

first_img Reuters MilanMay 15, 2019UPDATED: May 15, 2019 16:04 IST Genoa, Italy’s oldest professional football club, will be put up for sale (Twitter: @genoacfc)HIGHLIGHTSFounded in 1893, the club has been owned by Enrico Preziosi, head of Italy’s largest toy manufacturerPreziosi took over in 2003 and has since established them as a top-flight clubThe announcement came with Genoa one point and one place above the Serie A relegation zoneGenoa, Italy’s oldest professional football club, will be put up for sale, the Serie A outfit said in a statement.Founded in 1893, the club has been owned by Enrico Preziosi, head of Italy’s largest toy manufacturer, for the last 16 years.”Genoa Cricket and Football Club announces that a mandate had been given to Assietta S.p.A., a financial advisory firm specialised in corporate finance, as advisor for the sale of the company,” said the statement.The announcement came with Genoa one point and one place above the Serie A relegation zone with two matches to play.Preziosi took over in 2003 with the club in Serie B, saw them promoted four years later and has since established them as a top-flight club.However, it has been far from plain sailing and he has employed 14 coaches during his time in charge, some of them on several occasions.He has been trying to sell the club for several years amid poor results which have sparked protests by the fans.Also Read | Sunil Chhetri is all praise for newly appointed Indian coach Igor StimacAlso Read | Owner Abramovich still passionate about Chelsea, says David LuizFor sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAjay Tiwari Tags :Follow Serie AFollow GenoaFollow Italian football Italy’s oldest football club Genoa to be put up for saleClub owner Enrico Preziosi has been trying to sell Genoa for several years amid poor results which have sparked protests by the fansadvertisement Nextlast_img read more

UPDATE: Teekay Finalizes Deal for Yamal LNG Carriers

first_imgzoom Teekay LNG Partners L.P. , through a new 50/50 joint venture with China LNG Shipping (Holdings) Limite, announced that it has finalized shipbuilding contracts for six internationally-flagged icebreaker liquefied natural gas (LNG) carriers for the Yamal LNG Project, which is located on the Yamal Peninsula in Northern Russia. Under the agreements, the joint venture between Teekay LNG and China LNG will build six 172,000 cubic meter ARC7 LNG carrier newbuildings to be constructed by Daewoo Shipbuilding & Marine Engineering Co., Ltd., of South Korea, for a total fully built-up cost of approximately $2.1 billion. The vessels will be constructed with maximum 2.1 meter icebreaking capabilities in both the forward and reverse direction.Yamal LNG, a joint venture between Russia-based Novatek (60 percent), France-based Total (20 percent) and China-based China National Petroleum Corporation (CNPC) (20 percent), will consist of three LNG trains with a total expected capacity of 16.5 million metric tons of LNG per annum and is currently scheduled to start-up in early-2018.“We are pleased to finalize this previously announced accretive transaction, which solidifies Teekay LNG’s role in Yamal LNG, a strategic international energy project sponsored by Novatek, Total and CNPC, and further expands our partnership with China LNG,” commented Peter Evensen, Chief Executive Officer of Teekay GP LLC.“These six newbuildings will both increase and extend the average duration of Teekay LNG’s existing fixed-rate contact portfolio, providing further long-term stability for the Partnership’s cash flows. These vessels also add to Teekay LNG’s existing pipeline of growth projects scheduled to deliver between now and 2020, which includes our five MEGI LNG carrier newbuildings, 10 LPG carrier newbuildings ordered through our Exmar LPG joint venture, and our ownership interest in four LNG carrier newbuildings that will be chartered to BG Group.”The signing by the owner of the remaining newbuilding carriers required for the Yamal LNG Project will take place in Russia.Press Release; July 10th, 2014last_img read more