November 02, 2018 06:01 PM The email that could lead to the greatest revolution in the history of European football begins with a completely harmless sentence: "Hi Romano, I would have another interesting issue where we would like to mandate you." The message was sent by Michael Gerlinger on Feb. 3, 2016. Its recipient: the international law firm Cleary Gottlieb. Gerlinger, 45, heads up the legal department at FC Bayern Munich and is more or less the team's behind-the-scenes brain. He rarely appears in public, but team CEO Karl-Heinz Rummenigge hasn't made an important decision without him in over a decade. Gerlinger's mail is explosive. It concerned nothing less than the future of European football. In it, Gerlinger instructed the lawyers to examine whether FC Bayern Munich could withdraw from the German league, the Bundesliga, and whether the team would have to allow its players to play for the national team in the future. The Bundesliga without Bayern Munich? The national … [Read more...] about Documents Show Secret Plans for Elite League of Top Clubs
T s s worldwide money transfer
Samanth Subramanian reports on the Mumbai bank jobNirav Modi didn’t seem like the kind of person who needed to rob $2bn (€1.7bn) from a bank. He’s a short man, 47 years old and losing hair, the pocket square in his jacket always arranged to fussy perfection.His daintiness befitted a jeweller to the stars. Kate Winslet wore a Modi bracelet and Modi earrings to the Oscars. Dakota Johnson wore a similar set to the Golden Globes.Priyanka Chopra gazed out of Modi advertisements. Naomi Watts attended the opening, in 2015, of his emporium on Madison Avenue. Christie’s once put his Golconda Lotus necklace on the cover of its catalogue and auctioned it for over $3m.His stores — in Las Vegas, Macau, Singapore, Beijing, London — were boutiques of bling, where white light bounced off the arrayed gold and diamonds. He told people he wanted 100 shops by 2025. Last year, Forbes estimated his worth at $1.8bn.A good casting director would have marked him for the role … [Read more...] about Did a jeweller to the stars commit India’s biggest bank fraud?
Donald Trump spent more than three years trying to establish a “landmark” hotel at the world-famous home of golf, making at least four failed offers for one of Scotland’s showpiece properties, a Scotland on Sunday investigation can reveal. The US president and his children held high-level talks with senior Scottish banking executives to try and take over Hamilton Hall in St Andrews, one of the most prized venues in world golf, which is now home to some of Scotland’s most expensive properties. However, Trump was repeatedly rebuffed in his attempts to secure financing for what would have been his first international hotel venture. The 71-year-old offered to pay as much as £23m to secure the grand 19th century building overlooking the Old Course’s 18th green. But he insisted on receiving a mortgage and loan totalling £38m, a deal financiers deemed “too risky.” One Bank of Scotland executive who met the property magnate at Trump Tower … [Read more...] about Donald Trump’s failed attempts to buy landmark St Andrews hotel
Russian roulette Right now, it’s all soccer and smiles, but if the relationship between Russia and the West collapses further, German companies will foot the bill. Published on June 18, 2018 8:00 am Never mind the goals scored in Russian stadiums and the happy photos coming from the World Cup, German managers are sweating about Russia. Which German firms would lose most if and when the conflict between the West and Russia escalates? Try bankers, engineers, traders and makers of machines and trains. For them, any tension with Moscow is bad news. Russia is a big part of many German firms’ sales, trade, or acts as a transfer country for oil and gas. In 2017, trade between Russia and Germany jumped 23 percent, with Russia importing €19.7 billion ($23 billion) in German goods. And while it’s all sunshine and soccer for now, come winter, that link keeps Germany’s homes warm: 40 percent of Germany’s gas needs and a quarter of its oil come from … [Read more...] about German companies will lose out if the West’s Russian diplomacy fails
A colleague tells the story of interviewing a Manchester United player when, while deep in conversation, one of the club partner's representatives interrupted and asked the United player to 'rep the brand' with the camera rolling. Cut. In films, this is called product placement and there was something very Hollywood about United's stay in Los Angeles last year, where the squad rubbed shoulders with Jamie Foxx and Emily Ratajkowski at an Adidas event after Romelu Lukaku was unveiled on a red carpet. Few at Adidas would have objected to Jose Mourinho's desire to return to the immaculate UCLA campus this summer. The rampant commercialisation of Manchester United Plc has sometimes compromised the FC. During Thursday's quarterly conference call, John Saulitis of Jeffries asked chief financial officer Cliff Baty: "Do you see any potential for the amount of sponsorship opportunities given to your performance?" Baty answered and then Ed Woodward amplified. "Does the impact of a successful … [Read more...] about Manchester United need to respond in transfer window after what Ed Woodward said