Nvidia Defies Spending Slump Weighing On Best Buy, HP: Earnings Week Ahead
A handful of retailers and tech companies reporting this week, truncated by the Thanksgiving holiday, will show firms
2023-11-20 20:17
Rob McElhenney and Ryan Reynolds push on with Wrexham’s Racecourse Ground plans
Wrexham owners Rob McElhenney and Ryan Reynolds have welcomed the decision for the club to take over the Racecourse Ground lease and allow them to push ahead with stadium development. The lease is currently held by Wrexham Supporters Trust, who wanted a binding covenant that the Hollywood-owned League Two club could not be moved away from the ground. WST members have now agreed to surrender the Racecourse lease under the terms of a deal that will see Wrexham continue to play at the ground until at least June 30, 2115. Wrexham will also make a payment of £187,000 upon surrender of the lease. Co-chairmen McElhenney and Reynolds said: “We were delighted to receive the support of the directors of the WST and share their understandable desire to protect the long-term future of the club. “Our legacy at the club will not be defined while we are its custodians, so we wanted to address the anomaly in the WST lease for the Racecourse Ground that did not include the requirement for the team to actually play at the stadium, only not allow it to be used for any other purpose. “We didn’t want anyone in the future to be able to exploit that position. “The payment of £187,000, is an equivalent amount to that contributed by fans to save the club. “To know that we will provide the funding to effectively pay everyone back who contributed to save the club is worth every penny and gives us a great deal of satisfaction. “We would appeal to the 824 members who have a vote, to do so in favour of the proposal and allow the club to continue on this wonderful journey we are all on.” Wrexham plan to redevelop the Kop stand – the site currently stands empty – and boost capacity to around 15,600. It had been hoped to be built in time for the start of the 2024-25 season, but funding issues have meant the project will be delayed. Wrexham expect the stadium development will see the men’s national team to play at the Racecourse – the world’s oldest international football stadium that still hosts matches, having staged its first Wales home game in 1877 – more often. Wales visited Wrexham last month – a friendly against Gibraltar – for only the second time since 2009. A Wrexham statement read: “The club were delighted to be informed that the Directors of the Wrexham Football Supporter’s Society Limited (‘WST’) would be recommending to their membership that they should accept our proposal to surrender the lease for The Racecourse Ground. “The surrender of the lease is required by the club to enable the funding for the Kop Development/UEFA Stadium Category 4 status to be secured. “The negotiations between the club and those representing the WST have been undertaken against the backdrop of wanting to ensure that everyone’s interests were protected. We believe that we have achieved this objective. “As part of the deal, the club will make a payment of £187,000 upon surrender of the lease, a payment of £1,000 per annum (increasing by 3% per annum) and meet the legal costs of the WST connected with the surrender of the lease. “The most significant non-financial commitment made by the club was the positive commitment that the men’s first team will continue to play at the Racecourse Ground until at least June 30, 2115.” The news comes after Wrexham’s 2-0 defeat at Accrington and the club’s continued war of words with Stanley chairman Andy Holt. Wrexham condemned Accrington’s decision to increase matchday ticket prices by £5 for Saturday’s league game. Holt took a swipe at Wrexham and their successful docu-series on social media after the game, saying: “Accrington 2 Hollywood nil. I think @VancityReynolds should cut prices by a tenner @ Wrexham_AFC. “Safe journey home folks. Get that on @netflix Ryan lad.” Read More Talking points as Wales look to pip Croatia to Euro 2024 spot in final round Australia handle pressure as India come up short – Cricket World Cup uncovered On this day in 2015: Eddie Jones appointed England’s first overseas head coach The sporting weekend in pictures Steve Clarke happy to toast Scotland fans after ‘strange’ draw with Norway Gareth Southgate targeting top of the world as England drive for Euros glory
2023-11-20 19:59
Shaftesbury Rethinks London Portfolio Sale as Bids Fall Short
Shaftesbury Capital Plc has scrapped plans to sell a portfolio of properties in London’s Fitzrovia district after bids
2023-11-20 19:27
Scholz Promises €4 Billion for EU-Africa Climate Initiatives
German Chancellor Olaf Scholz pledged €4 billion ($4.4 billion) for the Africa-EU Green Energy Initiative through 2030 and
2023-11-20 18:29
Jagtar Singh Johal: Family of Scot detained in India appeal to David Cameron
Scottish Sikh rights campaigner Jagtar Singh Johal has been held by the Indian authorities since 2017.
2023-11-20 18:27
Taiwan Export Orders Fall at Slower Pace on China Demand Rebound
Taiwan’s export orders contracted at the slowest pace in more than a year, delivering an encouraging sign for
2023-11-20 17:55
Orlen to Buy Kufpec’s Assets in Norway for $445 Million
Poland’s largest refiner Orlen SA agreed to purchase oil and gas producing assets on the Norwegian continental shelf
2023-11-20 17:53
Burna Boy and Rema win inaugural Billboard Afrobeats awards
The Nigerian artists are the first winners in the new category at the Billboard Music Awards in the US.
2023-11-20 17:22
Taiwan Contender Names Former Envoy to US as Running Mate
Taiwan’s presidential frontrunner named the island’s former envoy to the US as his running mate, a sign he
2023-11-20 17:18
China Drafts List of 50 Real Estate Firms Eligible for Funding
Chinese regulators are drafting a list of 50 developers eligible for a range of financing, according to people
2023-11-20 17:17
Football Injuries Cost $767 Million in Qatar World Cup Year
Injuries to European footballers became more severe after the winter World Cup in Qatar last year, contributing to
2023-11-20 17:16
Hostage Talks Progress as Heavy Israel-Hamas Fighting Grips Gaza
Israeli forces engaged in heavy fighting with Hamas in the northern Gaza Strip overnight as the US said
2023-11-20 17:16