European football has shown an increased willingness to talk tough with Fifa but words can only be wielded so many times • FA joins criticism of Fifa plan to sell off World Cup stakes As the World Cup neared its conclusion, one leading figure in European football pondered how Gianni Infantino might attempt to rinse away the damaging stain of the Folarin Balogun scandal. It all came down to money. “He will just announce more funds for everyone,” was the gist, although the tournament passed without any explanation of how Fifa would carve up its record $15bn (£11.2bn) haul. That was the tip of the iceberg. Infantino’s plan to sell chunks of the World Cup to private investors, announced on Tuesday, nine days after the final, has sent shock waves around the sport and left senior personnel scrambling. There is little time for a coordinated response given Fifa, at the height of what passes for football’s holiday period, has given FAs until 19 September to decide whether to accept the initial $20m payment that would effectively count as endorsement of the new scheme. Continue reading…
Rise to £1.1bn in first six months of year for bakery chain largely down to opening of new stores Business live – latest updates Iced matcha lattes and a bigger range of salads and chicken rolls helped Greggs to boost its sales during the string of summer heatwaves, as the bakery said it was adapting to the UK’s increasingly hot summers. Total sales at Britain’s biggest fast food business rose to £1.1bn for the first six months of the year, 7.2% higher than the same period a year earlier. Continue reading…
Two big franchise deals power 10.3% increase IPL second only to NFL in per-match brand value The Indian Premier League’s value has surged to an estimated $20.6bn (£15.5bn), boosted by ownership deals involving two of its biggest franchises, according to a report by the US-based investment bank Houlihan Lokey. The T20 competition’s value rose 10.3% over the past year, underlining its position as one of the world’s most valuable sports brands, the bank’s report said. “On a per-match basis, only the NFL ranks ahead of the IPL globally.” Continue reading…
CAA says airport can recoup £320m through higher airline charges, which are usually passed on to travellers Heathrow passengers face decades of higher fares after the regulator overrode airline objections to allow the airport to charge for planning work to build its proposed third runway. The Civil Aviation Authority (CAA) said it had permitted Heathrow Airport Limited (HAL) to recover early costs of up to £320m spent on developing its expansion plan since 2025. Continue reading…
Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash deposits Datacentre projects in Britain will be forced to pay hundreds of millions of pounds to plug into the power grid under proposals to tackle a growing electricity connection logjam. Ofgem, the sector watchdog, said it was taking action to discourage “speculative” datacentre projects from causing unnecessary delays to the grid connection queue, which includes hospitals, schools and housing developments. Continue reading…
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