Latest news with #TilmanFertitta
BBC News
a day ago
- Business
- BBC News
The takeover is off - so what now?
Back to the drawing Friday, we received information that an agreement had been reached with a party interested in buying Sheffield Wednesday. Multiple sources confirmed this, with a growing belief a takeover could actually be on the on Friday, we also discovered that Francesco Guardascione was part of a group pursuing a purchase of Sheffield were also reports in the national media of interest from Houston Rockets owner Tilman Fertitta but we could not find anyone to back this understand the prospect of a takeover played a part in the delayed transfer of Djeidi Gassama to Rangers. By Monday, with that deal being widely reported in Scotland to be close to completion after all, the mood changed around a prospective takeover. Things appeared to have stalled. There was belief that a potential buyer could provide an advance to pay outstanding bills. We understand that ended up not being the Gassama sold and fellow winger Anthony Musaba departing for Samsunspor in Turkey, players and staff were finally paid their wages for June on what now?There are multiple parties showing interest in Sheffield Wednesday. However, even with the process being handled by a professional team with experience in selling football clubs, it's believed that negotiating a deal to buy the club is a challenging process. Words like 'unique' and 'unorthodox' are still used to describe back to a total lack of clarity on what the future holds. Will further player sales be necessary to pay the bills? Is a points deduction from the EFL inevitable? Is the asking price to buy Sheffield Wednesday a stumbling block for any serious potential buyer? What happens to the North Stand, with a further SAG (Safety Advisory Group) meeting due on Friday where the subject will be discussed?Dejphon Chansiri's legacy as Sheffield Wednesday owner is already set. He is overseeing a won't change anything now but trusting the right people to find a buyer, doing things the right way and enabling the club to move on will at least enable a line to be drawn. Is he prepared to do that?
Daily Mail
2 days ago
- Business
- Daily Mail
Billionaire shocks Vegas locals with what he's done to prime $270m parcel of land on iconic Strip
A billionaire shocked Vegas locals after he turned a prime $270 million parcel of land into a parking lot on the city's iconic Strip. Tilman Fertitta, a Texas businessman who serves as the US ambassador to Italy, had plans to build a luxury Las Vegas resort on the Nevada city's 'Center Strip,' just across from the upscale mall The Shops at Crystals. He purchased the land in 2022 before filing to transform it into a 43-story, 2,240-room hotel and casino, fit with a spa, wedding chapel, restaurants, an auto showroom and more, according to county records obtained by the Las Vegas Review-Journal. Fertitta's project started to come to life, as Clark County commissioners approved his plan in October 2022 and the county Building Department issued three demolition permits to tear down the previous structures on the site that same day. But, all of that came to a halt after President Donald Trump announced Fertitta, 68, was nominated to serve as the ambassador to Italy in December. Fertitta, who already owns Golden Nugget Casinos and the NBA's Houston Rockets, wrote a letter to the State Department in March detailing the steps he planned to take to avoid conflict with his approved nomination, which included him resigning from his corporate positions and leaving the luxury resort in the wind. His company, Fertitta Entertainment, did not specify if the resort would one day be built while the parking lot opens its doors to the public. 'All options remain under consideration,' a spokesperson with the hospitality and entertainment company told the outlet. The six-acre lot is now home to a new self-run parking lot that charges a minimum of $14.99 for up to three hours. The space has no ticket machines, barrier arms or attendants on site, leaving drivers to dictate when they want to park there by scanning a QR code to enter their payment method, phone number, and how long they plan to leave their car there. 'Just drive out when you're ready and we'll automatically charge your account,' a sign on the lot's fence read. The lot was previously home to souvenir shops, a Tex-Mex restaurant, Travelodge Motel and a tattoo parlor. After buying and demolishing what was there, a shift in plans arose in Spring 2023 when Fertitta, who is worth $11.3 billion, announced Las Vegas casino executive Maurice Wooden had joined the company as president of luxury hotel development. Then, in early 2024, Wooden was named president of the new and luxurious hotel, Fontainebleau Las Vegas. Afterward, Fertitta asked for a time extension on what was set to be a new resort on the lot. Rebecca Miltenberger, an attorney with Brownstein Hyatt Farber Schreck, who represents the billionaire, told the Las Vegas Review-Journal he was 'diligently working through the development process' at the time. Unfortunately, he was 'not able to obtain all necessary permits' that he needed to start construction before approvals on the structure expired, Miltenberger wrote in a letter to the county last fall. Fertitta then faced an October 9, 2024 construction deadline, she added. County officials went on to approve an extension, giving him until October 19, 2025 to start working on the plan, according to records. While it remains unclear if he will follow through with his plan to build the resort, other developers might have their eyes on the land, including Eli Gindi. The New York developer, who built the new BLVD retail complex next to Fertitta's land, told the outlet he considers the Texas businessman to be 'one of the smartest guys in the world' who will build the property if he desires. Still, Gindi is hopeful Fertitta might allow him to buy the site. 'Maybe he'll sell it to use, and I'll be happy to buy it from him.' Gindi added. Daily Mail contacted Fertitta Entertainment for comment. When Trump announced Fertitta would be the ambassador to Italy, he called him an 'accomplished businessman' who he was 'pleased' with the appointment. 'Tilman is an accomplished businessman, who has founded and built one of our Country's premier entertainment and real estate companies, employing approximately 50,000 Americans,' the president said. 'Tilman has a long history of giving back to the community through numerous philanthropic initiatives, which include children's charities, Law Enforcement, and the medical community. 'Additionally, Tilman is the longest serving Chairman of the Board of Regents for the University of Houston. He also owns the Houston Rockets Basketball Team. Congratulations to Tilman, and his remarkable family!' Fertitta has owned the Rockets since 2017 and has made his fortune as the chairman of Landry's, a corporation which includes casinos, hotels and restaurants such as Bubba Gump Shrimp Co.
The Sun
5 days ago
- Business
- The Sun
Sheffield Wednesday owner owes MILLIONS in football debts that will have to be paid by whoever buys club
SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club. The extent of the cash woes has emerged during takeover bids by several groups in recent weeks. 3 The Owls are already under embargo for missing pay days for players and failing to settle transfer bills. But the biggest snag is the taxman, with HMRC due a huge £2.2MILLION for June and July. There seems little scope for a deal there, so the cash will have to be found or serious action could come Wednesday's way. Chansiri hopes to raise funds by selling Djeidi Gassama to Rangers and Anthony Musaba to Turkish side Samsunspor. US sports entrepreneur Tilman Fertitta, 68, has made an offer to Chansiri. The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than many who have chased the Yorkshire club ownership. 3 3 Fertitta has a basketball team in Houston, is an ally of Donald Trump, and is seen as a leading expert in business and sport. Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. The club's dire financial situation is now having an impact on a sporting level after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers. While manager Danny Rohl hasn't returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs.
The Irish Sun
7 days ago
- Business
- The Irish Sun
Sheff Wednesday in advanced takeover talks with sports businessman who is Donald Trump ally and US ambassador in Italy
SHEFFIELD WEDNESDAY are in advanced talks with an American sports businessman called Tilman Fertitta. The wealthy Yank is also the United States ambassador in Italy after making his fortune with various ventures. Advertisement 4 Sheffield Wednesday are in advanced talks with American sports businessman Tilman Fertitta 4 Wednesday owner Dejphon Chansiri is under significant pressure amid the club's financial crisis Fertitta, 68, has been in talks for weeks but has now made an offer to The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than many who have chased the Yorkshire club ownership. Advertisement READ MORE IN FOOTBALL Fertitta has a basketball team in Houston, is an ally of Donald Trump and is seen as a leading expert and business and sport. Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. Wednesday, who finished 12th last season, are in dire straits financially. The Owls are currently restricted by a triple transfer embargo due to unpaid player wages and HMRC bills . Advertisement Most read in Football 4 Fertitta is an ally of Donald Trump CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS The club's after six stars reportedly handed in notices , with Chansiri refusing to inject any more cash into the coffers. Manager Advertisement And unpaid Wednesday players are raging after being left out of pocket for several months. Sheffield Wednesday crisis deepens as players free to resign, club legend leaves and staff going months without pay SunSport exclusively revealed how upset stars Wednesday are now 4 Danny Rohl remains absent from the Owls' pre-season amid the ongoing transfer embargo Credit: Getty Advertisement
The Sun
11-07-2025
- Business
- The Sun
Sheff Wednesday in advanced takeover talks with sports businessman who is Donald Trump ally and US ambassador in Italy
SHEFFIELD WEDNESDAY are in advanced talks with an American sports businessman called Tilman Fertitta. The wealthy Yank is also the United States ambassador in Italy after making his fortune with various ventures. 4 4 Fertitta, 68, has been in talks for weeks but has now made an offer to Wednesday owner Dejphon Chansiri. The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than many who have chased the Yorkshire club ownership. Fertitta has a basketball team in Houston, is an ally of Donald Trump and is seen as a leading expert and business and sport. Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. Wednesday, who finished 12th last season, are in dire straits financially. The Owls are currently restricted by a triple transfer embargo due to unpaid player wages and HMRC bills. 4 The club's financial crisis deepened after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers. Manager Danny Rohl hasn't returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs. And unpaid Wednesday players are raging after being left out of pocket for several months. Sheffield Wednesday crisis deepens as players free to resign, club legend leaves and staff going months without pay SunSport exclusively revealed how upset stars have asked the EFL to send them money. Wednesday are now banned from buying players until 2027. 4
