The Star Online: Nation
The Star Online: Nation |
- Tony Fernandes close to buying QPR
- Suspended MIC Youth secretary to appeal
- Motion on electoral reform committee to be tabled in October
| Tony Fernandes close to buying QPR Posted: 17 Aug 2011 06:45 AM PDT KUALA LUMPUR: AirAsia group chief executive officer Tan Sri Tony Fernandes is close to buying a 51% controlling stake in English Premier League football club Queens Park Rangers (QPR), according to several reports Wednesday. He is reported to be on the verge of buying Formula 1 chief Bernie Ecclestone's controlling stake in QPR for about US$196mil (RM583mil). The deal is likely to be announced soon, the Wall Street Journal reported Wednesday. Ecclestone reportedly owns 66% of the club, with Indian steel billionaire Lakshmi Mittal, the other major shareholder, owning 33%. Former Renault Formula 1 team boss Flavio Briatore owns 1%. QPR has been majority-owned by Ecclestone for the last five years and he has wanted to sell for some time. Fernandes, who also owns the Team Lotus Formula 1 outfit, added fuel to the takeover speculation on Saturday when he watched the team's 4-0 defeat to Bolton from the directors' box at Loftus Road. If the deal goes through, Fernandes would be the latest in a string of Asian businessmen to invest in English soccer clubs. Previously, exiled Thai leader Thaksin Shinawatra bought Manchester City and Hong Kong's Carson Yeung bought Birmingham City. Citing people with knowledge of the transaction, another daily, the Financial Times, also reported that Fernandes was poised to take majority control of QPR as early as Monday, but cautioned the deal had not been sealed and could be delayed or even collapse as the parties sought to reach an agreement on the final details. Fernandes, a West Ham fan, has several times tried and failed to buy West Ham United, the biggest soccer club in east London. - Bernama Full Feed Generated by Get Full RSS, sponsored by Used Car Search. |
| Suspended MIC Youth secretary to appeal Posted: 17 Aug 2011 05:55 AM PDT KUALA LUMPUR: MIC Youth secretary C. Sivaraajh, who was handed a 12-month suspension by the party effective Tuesday for criticising the party leadership for reinstating sacked members, said he would be filing an appeal by next week. "I accept the decision to suspend me with and open heart and will appeal. Although I feel I did not do anything wrong, I will make the appeal. I hope the party will consider it," he said Wednesday. His suspension was announced by MIC's disciplinary committee chairman Tan Sri K.S. Nijhar on Tuesday. Sivarraajh was reported to have lodged a report with the Registrar of Societies after the party's central working committee (CWC) decided to reinstate three leaders, namely former youth deputy chief V. Mugilan and two former Central Committee members KP Samy and G. Kumar Amaan. Mugilan, Samy and Kumar Amaan were expelled after they started a campaign to oust the then party president Datuk Seri S. Samy Vellu, following their sacking, and later formed a movement called Gerakan Anti Samy Vellu (GAS). However, after Samy had handed over the party leadership to his successor Datuk G. Palanivel in December last year, the three were accepted and reinstated with their respective positions in the party. This prompted Sivarraajh to claim that the CWC had acted against the party constitution. "Under the Societies Act, the allegation, if proven, is really serious and can have a serious implication on the party. "He called a press conference to air his allegations and this is something that we cannot tolerate," Nijhar said when announcing the suspension. - Bernama Full Feed Generated by Get Full RSS, sponsored by Used Car Search. |
| Motion on electoral reform committee to be tabled in October Posted: 17 Aug 2011 05:49 AM PDT KUALA LUMPUR: The Cabinet has agreed to set up a parliamentary select committee to look into strengthening the law and regulations pertaining to the electoral process. Minister in the Prime Minister's Department Datuk Seri Nazri Aziz said the Cabinet also agreed for the motion on the proposed committee to be tabled at the next parliamentary sitting this October. The Cabinet agreed to meet with the Election Commission soon to discuss the framework of the committee, which would be headed by a minister, Nazri told reporters at his office in parliament building, here, Wednesday. Nazri said the committee would consist of five parliamentarians from the ruling government, three from the opposition and an independent. Prime Minister Datuk Seri Najib Tun Razak had on Monday announced that a parliamentary select committee would be formed to look into ways to improve the country's electoral process. - Bernama More in The Star Thursday Related Stories: |
| You are subscribed to email updates from The Star Online: Nation To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 ulasan:
Catat Ulasan