Showing posts with label selling the family silver. Show all posts
Showing posts with label selling the family silver. Show all posts

Thursday, December 02, 2010

WikiLeaks: 'Brilliant' Duke of York Is Defended by Amanda Staveley

THE DAILY TELEGRAPH: The Duke of York is defended by Amanda Staveley, his former girlfriend, after his private conversations were reported by WikiLeaks.

Few, if any, of the Duke of York's inner circle were more appalled to see a report of his private conversation, witnessed by an American diplomat, splashed all over the WikiLeaks website than Amanda Staveley.

Of the remarks he allegedly made, as Britain's special representative for trade and industry, Miss Staveley, once touted as a future wife for the Duke, says they don't ring true.

"Publishing classified documents is irresponsible at the best of times," says Miss Staveley, the boss of PCP Capital Partners in the UAE. "To do so during a time of global financial frailty and heightened unrest in certain parts of the world is the height of folly. >>> Tim Walker | Wednesday, December 01, 2010

Related:

Chelsea Barracks: The Deal-maker >>>

Amanda Staveley Finds that Islam Moves Closer to Her Heart >>>

Saturday, June 26, 2010

Chelsea Barracks: The Deal-maker

THE GUARDIAN: Amanda Staveley is best known for orchestrating Abu Dhabi's and Qatar's eye-catching £7.3bn investment in Barclays in 2008

Photobucket
Amanda Staveley takes her seat at a football match. Photograph: The Guardian

Amanda Staveley, broker to the sheikhs, has pulled off another high-profile property deal for the emirate of Qatar, which is continuing its aggressive buying spree in London.

Staveley advised the Qatari property company Barwa Real Estate on the £250m acquisition of the Park House site in Oxford Street - the biggest development in the area since the Second World War - from the developer, Land Securities.

Staveley is best known for orchestrating Abu Dhabi's and Qatar's eye-catching £7.3bn investment in Barclays in 2008, followed a few months later by the takeover of Manchester City Football Club by Abu Dhabi's ruling family. The 37-year-old former athlete and model reportedly pocketed £5m to £7.5m in fees from the latest deal.

The news came as it emerged that the Qatar Investment Authority, the emirate's sovereign wealth fund, was in talks to take a third share in the Savoy hotel in London. The 120-year-old hotel is owned under a 50-50 joint venture by HBOS and Saudi billionaire Prince Alwaleed Bin Talal's Kingdom Holding. It is due to reopen in October after a refurbishment that has taken 18 months longer than expected and is likely to cost more than twice the originally budgeted £100m. The hotel comes with a big debt burden – its 2008 accounts showed loans of $212m and that figure is likely to be higher now.

Another part of the QIA, Qatar Holding, is said to have joined the bidding war for Grosvenor House, the five-star hotel put up for sale by Royal Bank of Scotland at the start of the year. The hotel, on Park Lane in Mayfair, has attracted interest from a handful of bidders, including the Abu Dhabi and Singapore sovereign wealth funds. The sale is expected to raise at least £500m. >>> Julia Kollewe | Thursday, June 17, 2010

Related articles here
Don’t be fooled by the sweet, demure looks! Isn’t this the face of a ruthless businesswoman, willing to sell off Britain’s assets to the rich Arabs and line her own pockets in the process?

Amanda Staveley Finds that Islam Moves Closer to Her Heart

THE TELEGRAPH: Amanda Staveley, the former girlfriend of the Duke of York, talks about falling in love with a Muslim.

Amanda Staveley has helped bring some of the Islamic world's biggest financial investments to this country. The 36-year-old Yorkshirewoman has now received an offer closer to her heart.

"My boyfriend is Muslim," disclosed Staveley, who was once predicted to become the Duke of York's second wife.

The former Businesswoman of the Year said on Friday that she was attracted to the Muslim faith. "I believe in monotheism," she said. "Whether it is Judaism, Islam, Christianity, there are more similarities than there are differences, but I am drawn to Islam."

Staveley did not disclose the name of her boyfriend, but said he had not encouraged her to join his faith. "I don't think he would ask me to convert," she said. >>> Tim Walker. Edited by Richard Eden | Saturday, June 26, 2010


Qataris Target Another Landmark Asset as Their Super-broker Amanda Staveley Pockets £5m

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Prime position: the Park House site in Oxford Street. Photo: London Evening Standard

LONDON EVENING STANDARD: The Qatari ruling family are poised to add to their already bulging portfolio of trophy London assets with a bid for a third ownership of the Savoy.

The Qatar Investment Authority, which owns Harrods, the US Embassy Building in Mayfair and Chelsea Barracks, as well as big stakes in Barclays, Sainsbury's and the London Stock Exchange, is understood to be in talks about an offer for the Grosvenor House hotel.

The move comes as Amanda Staveley, deal broker to the Arabs and ex-girlfriend of Prince Andrew, pocketed a multi-million-pound windfall for orchestrating yet another Qatari purchase of a prime West End development site.

The former model advised Qatari property investment company Barwa to buy the Park House site in Oxford Street from Land Securities for
£250 million.

It is thought the deal earned the
37-year-old and her Mayfair advisory firm PCP Capital Partners in the region of £5 million to £7.5 million in fees.

The discussions on the Savoy are said to involve Qatari Diar, the QIA's property investment arm, taking a stake in the Savoy of up to 33 per cent, with the two current joint owners, Saudi billionaire Prince Alwaleed Bin Talal and HBOS, trimming their holdings. >>> Jonathan Prynn and Hugo Duncan | Thursday, June 17, 2010

Amanda Staveley

Amanda Staveley is a highly successful businesswoman. Born in Doncaster, Staveley was a good childhood athlete in show jumping and sprinting (at 14 years old, Staveley ran 100 metres in 12.6 seconds) but was eventually hindered by an injury to her achilles tendon. Accepted to St Catherine’s College at Cambridge to study modern languages, she supplemented her student grant with work as a model, but dropped out after being hospitalised with stress. Staveley then opened a restaurant, through which she became acquainted with the Maktoums, family of the ruler of Dubai, but built her name as a businesswoman through successful investments in starting companies and trading of stocks. Staveley made £40million in commission driving a deal between Barclays Bank and Gulf sheiks. In 2008, Staveley brokered the takeover of Manchester City FC by the ruling family of Abu Dhabi. [Source: This Is London]

Monday, October 12, 2009

This Stupid, Incompetent Prime Minister!

DAILY EXPRESS: GORDON BROWN has resorted to selling off billions of pounds worth of public assets in a desperate bid to raise cash.

The Prime Minister today unveiled a £16 billion programme of asset sales as part of a deficit reduction plan to bring down the massive state debt built up during the recession.

Some £3 billion of assets will be sold off over the next two years - including the Tote, the Dartford crossing, the Channel Tunnel rail link and the Student Loan book - in a move that smacks of Margaret Thatcher's privatisation programme branded by Harold Macmillan as "selling the family silver".

Most of the funds will be gathered by encouraging local authorities to exchange assets for cash.

Mr Brown said Britain was “only halfway there” in overcoming the recession, and warned that cutting back spending too soon risked repeating the mistakes of the 1930s and thrusting the country into depression. Now Brown Sells Off the Family Silver to Raise Cash >>> Emily Garnham | Monday, October 12, 2009

Wednesday, July 18, 2007

Petrodollars Now Being Used to Buy Up UK’s Supermarkets: Qatari Royal Family Poised to Buy Up Sainsbury’s in £11bn Bid

Here we go again! Businessmen go selling off the family silver! Have these idiots ever asked themselves what this capitalist economy will be like for the ordinary working man once the Islamic world has bought up all there is worth owning? Don’t they have the nouse to ask one simple question? If they can buy up our businesses, why can’t we buy up theirs? The sort of capitalism these businessmen advocate is a one-sided affair. What we need is a level playing field. They probably haven't got the balls to insist on one. - ©Mark Alexander

THE TELEGRAPH: Delta Two, the investment vehicle controlled by the Qatari royal family, is poised to table a £11bn-plus bid for J Sainsbury.

In a short statement this morning, the supermarket giant said it had received "perliminary approach" and will make a further statement in due course.

Delta Two has expressed confidence in Sainsbury's chief executive Justin King and his strategy[.]

Funding for the offer has been secured in recent days and the final touches are being put to a full team of City advisers, led by investment banks Dresdner Kleinwort and Credit Suisse. Qataris in £11bn bid to buy Sainsbury (more) By Richard Fletcher and Ben Harrington

THE TELEGRAPH:
Qatar's bold ambitions (more) By Ben Bland

THE TELEGRAPH:
Business comment: Sainsbury's will learn petro dollars' buying power (more) By Damian Reece

FINANCIAL TIMES:
Delta Two in £12bn move on Sainsbury By Lina Saigol

Mark Alexander