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Main » 2012 » October » 22
(Reuters) - Dutch bank Rabobank ended its multi-million euro backing of
professional cycling on Friday, the latest sponsor scared away by a doping
scandal that has engulfed seven-times Tour de France winner Lance
Armstrong.
The bank is the biggest backer of the high profile Dutch Rabobank team, with
total sponsorship worth 15 million euros ($20 million) a year in a cycling-mad
nation with as many bikes as people.
The decision shows the damage being done to cycling after the U.S.
Anti-Doping Agency (USADA) said Armstrong had taken part in and organized a
sophisticated doping scheme on his way to success.
"We are no longer convinced that the international professional world of
cycling can make this a clean and fair sport. We are not confident that this
will change for the better in the foreseeable f
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Views: 316 |
Added by: rancourtfo |
Date: 10.22.2012
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Reuters) - The $100 billion Texas Teachers' pension fund is to buy a stake in
Formula One racing from the estate of collapsed investment bank Lehman Brothers,
a person familiar with the matter said.
The Teacher Retirement System of Texas will buy a 3 percent stake in the
motor racing business from the Lehman Brothers' estate in a deal worth about
$200 million, the person said.
It follows a string of powerful investors that have bought into Formula 1,
which organizes motor races across Europe, the Middle East, Asia and the
Americas, as owner CVC, one of Europe's largest buyout firms, gradually reduces
its stake.
BlackRock, Waddell & Reed and Norges Bank Investment management invested
in the company when public markets shunned a planned initial public offering of
the Formula 1 business.
...
Read more »
Views: 327 |
Added by: rancourtfo |
Date: 10.22.2012
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Reuters) - The $100 billion Texas Teachers' pension fund is to buy a stake in
Formula One racing from the estate of collapsed investment bank Lehman Brothers,
a person familiar with the matter said.
The Teacher Retirement System of Texas will buy a 3 percent stake in the
motor racing business from the Lehman Brothers' estate in a deal worth about
$200 million, the person said.
It follows a string of powerful investors that have bought into Formula 1,
which organizes motor races across Europe, the Middle East, Asia and the
Americas, as owner CVC, one of Europe's largest buyout firms, gradually reduces
its stake.
BlackRock, Waddell & Reed and Norges Bank Investment management invested
in the company when public markets shunned a planned initial public offering of
the Formula 1 business.
...
Read more »
Views: 291 |
Added by: rancourtfo |
Date: 10.22.2012
|
|
Reuters) - The $100 billion Texas Teachers' pension fund is to buy a stake in
Formula One racing from the estate of collapsed investment bank Lehman Brothers,
a person familiar with the matter said.
The Teacher Retirement System of Texas will buy a 3 percent stake in the
motor racing business from the Lehman Brothers' estate in a deal worth about
$200 million, the person said.
It follows a string of powerful investors that have bought into Formula 1,
which organizes motor races across Europe, the Middle East, Asia and the
Americas, as owner CVC, one of Europe's largest buyout firms, gradually reduces
its stake.
BlackRock, Waddell & Reed and Norges Bank Investment management invested
in the company when public markets shunned a planned initial public offering of
the Formula 1 business.
...
Read more »
Views: 320 |
Added by: rancourtfo |
Date: 10.22.2012
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The classic image of the cowboy on his horse has inspired the imagination UGG
Kensington of many over the years. This isn't too surprising, and
yet, there is often one thing missing from the internal visual for "cowboy" and
that would be the cows. Without cows, there would be no cowboys and cowboy boots
might never have been invented. After all, it was the changing taste of the
American public towards beef and the California UGG
Classic Short Sparkles Gold Rush's influx of money to pay for such
that created the era of the cattle drives from 1866 to 1886. Though this era was
short-lived, but it helped spark a culture and of course, a style
...
Read more »
Views: 322 |
Added by: rancourtfo |
Date: 10.22.2012
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