World
Premier League Season Opens With 45% of Teams Owned by Americans
Manchester United and Fulham kicked off the 2024-25 Premier League season on Friday, and United won 1-0 at Old Trafford on a late goal by Joshua Zirkzee.
In a bit of scheduling coincidence, the owners of the two clubs will square off again Saturday on the other kind of football field, as the Glazer family’s Tampa Bay Buccaneers visit the Jacksonville Jaguars, owned by Shahid Khan, in an NFL preseason game.
The Glazers and Khan are among nine American ownership groups of Premier League teams, which will have a full slate of games this weekend. The list includes newly promoted Ipswich Town, which is owned by American financial firms ORG, Bright Path Sports Partners and Avenue Sports. They are all chasing Manchester City, which has finished atop the EPL standings for four straight years.
The second division Championship also has nine teams controlled by Americans after Mark Attanasio recently increased his stake in Norwich City through his Norfolk Holdings, which first took a stake in the team in 2022 and will now own 85%.
Americans have invested heavily in English football teams over the past two decades, starting with Malcolm Glazer’s leveraged buyout in 2005 that valued Man United at £790 million ($1.4 billion at the time). Stan Kroenke started buying shares of Arsenal in 2007 and took full control in 2011 at a $1.2 billion valuation.
Man United ranked on top of Sportico’s global soccer team valuations at $6.2 billion, while Arsenal was eighth at $3.91 billion.
In 2010, John Henry’s Fenway Sports Group bought Liverpool for £300 million ($476 million at the time). FSG built a strong performer on and off the field, including three Champions League finals appearances in five years. The value is up more than tenfold to $5.11 billion and fourth overall.
Attanasio also owns MLB’s Milwaukee Brewers and follows a string of U.S. sports team owners to invest in the UK. They are attracted by the global reach of the clubs, but most of them want to see more restrictions on player spending, akin to the major leagues in North America. The lack of salary caps can trigger massive losses as teams spend in a fight to avoid relegation or gain promotion to the Premier League. At the top of the financial table, teams compete for a Champions League spot and to field the best squads to advance in European tournaments.
Only five English Premier League teams out of 20 made money after player trading during the 2022-23 season. The aggregate loss before taxes and finance costs was £530 million ($684 million based on current exchange rates), according to company filings. The NFL’s pre-tax profit: $4.6 billion.
Khan’s team investments offer a window into the economic structure of different sports leagues. In 2011, he spent $770 million to buy the Jaguars. The club turns a hefty profit each season that can top $100 million in a good year, and the Jags are now worth nearly $5 billion.
Two years after buying Jacksonville, Khan bought EPL club Fulham for more than $200 million. Fulham was relegated to the Championship the following season, where it has spent six of 11 seasons under Khan. He has piled up $500 million in operating losses in the London club, and the team is likely worth one-tenth of the Jaguars.
The lousy economic model that exists across European soccer explains why Manchester United and Real Madrid are the only soccer teams to crack the top 30 among the world’s most valuable sports franchises, which skews heavily toward the NFL with its strict salary cap and $400 million-a-year TV checks, along with a few NBA and MLB teams mixed in.
Americans can’t kick their UK soccer habit, though. Brit Steve Parish runs Crystal Palace, but American John Textor owns the largest stake at 45%, and private equity titans Josh Harris and David Blitzer each own 18%.
Textor wants his own UK club to control and has entered exclusive talks to buy Everton from Farhad Moshiri after a pair of failed attempts to buy the club by American firms 777 and Friedkin Group. Everton lost $107 million during the 2022-23 season, its sixth straight year of losses that totaled $623 million, based on current exchange rates. The club escaped relegation on the last day of the 2022-23 season and finished 15th last year. Yet still, there’s a Yank who wants to purchase it.
World
Video: Deadly Storm Causes Massive Flooding Across Gaza
new video loaded: Deadly Storm Causes Massive Flooding Across Gaza
By Jorge Mitssunaga, Nader Ibrahim and Saher Alghorra
December 12, 2025
World
Archaeologists uncover rare fresco of Jesus in town Pope Leo XIV recently visited
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Archaeologists in Turkey have discovered a fresco of a Roman-looking Jesus as the “Good Shepherd,” which is being hailed as one of the most important finds from Anatolia’s early Christian era.
The work of art was found in August in an underground tomb near the town of Iznik, where the Nicene Creed, a foundational statement of Christian belief, was adopted in A.D. 325. The tomb itself is believed to date back to the third century, when the area was still under the Roman Empire and Christians faced persecution.
POPE LEO XIV OPENS FIRST FOREIGN TRIP IN TURKEY WITH A VISIT TO CHRISTIANITY’S EARLY HEARTLANDS
Archaeologists clean and restore frescoes inside a 3rd-century tomb where a rare early Christian depiction of Jesus as the “Good Shepherd” was discovered, in Iznik, Turkey, Friday, Dec. 12, 2025. (Khalil Hamra/AP Photo)
The fresco shows a youthful, clean-shaven Jesus dressed in a toga and carrying a goat on his shoulders, according to The Associated Press, which was the first international media organization given access to the tomb. The outlet noted that researchers say the fresco represents one of the rare instances in Anatolia in which Jesus is portrayed with Roman attributes.
The lead archaeologist on the project believes the artwork could be the “only example of its kind in Anatolia,” the AP reported.
A fresco depicting Jesus as the “Good Shepherd” adorns the wall of a 3rd-century tomb in Hisardere, where archaeologists uncovered one of Anatolia’s best-preserved early Christian artworks, in Iznik, Turkey, Friday, Dec. 12, 2025. (Khalil Hamra/AP Phto)
POPE LEO XIV CALLS FOR ‘DIVINE GIFT OF PEACE’ IN MAIDEN VISIT TO MIDDLE EAST
Pope Leo XIV recently visited the town as part of his first overseas trip since taking the helm of the Vatican. While in Iznik, Pope Leo XIV marked the 1,700th anniversary of the Council of Nicaea, which set forth the Nicene Creed that millions of Christians still read today.
Turkish President Recep Tayyip Erdogan (L) welcomes Pope Leo XIV (R) with an official welcoming ceremony at the Presidential Complex in Ankara, Turkiye, on Nov. 27, 2025. (Utku Ucrak/Anadolu via Getty Images)
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Turkish President Recep Tayyip Erdoğan presented a tile painting of the “Good Shepherd” discovery to the pope, according to the AP.
While in Turkey, Pope Leo XIV was joined by Eastern and Western patriarchs and priests as they prayed that Christians would one day be united once again. They prayed together over the site where the council produced the Nicene Creed. The men recited the creed, which the pope said was “of fundamental importance in the journey that Christians are making toward full communion,” according to the AP.
The Associated Press contributed to this report.
World
Three years on, former MEP Kaili remains in limbo still awaiting trial
The detention of former EU foreign policy chief Federica Mogherini earlier this month in a fraud investigation in Belgium has raised fresh questions about why suspects in the European Parliament’s corruption scandal still have not faced trial, three years after arrests that shocked Brussels.
Mogherini, who led the EU’s diplomatic service from 2014 to 2019 and then served as rector of the prestigious College of Europe, was questioned alongside two others on suspicion of alleged procurement fraud, corruption and conflict of interest related to an EU-funded diplomatic training programme.
The Italian top diplomat, who was eventually released pending charges, has since resigned from her post at the College of Europe.
Meanwhile, the protracted European Parliament corruption scandal investigation, which began with raids across Brussels on 9 December 2022, has moved at a glacial pace.
Greek MEP Eva Kaili became the face of the scandal when Belgian police revealed it had discovered €150,000 in cash — purportedly in large bags — at her Brussels residence during the raids.
Since then, Kaili has spent the intervening years in a legal purgatory, or what some have since dubbed “Belgiangate”.
Brussels rocked by Parliament sting
Authorities said they discovered a total of €1.5 million in cash during the 2022 sting, including €600,000 at the home of former Italian MEP Antonio Panzeri and the money found at the Brussels residence of Kaili, who was also serving as one of 14 vice presidents of the European Parliament at the time.
Kaili’s father Alexandros was apprehended at the Sofitel hotel at Place Jourdan with a suitcase containing “several hundred thousand euros,” according to authorities.
A special police team accompanied by investigating judge Michel Claise then raided Kaili’s home that evening, arresting her in front of her two-year-old daughter.
Stripped of her parliamentary immunity, Kaili spent four months in pre-trial detention followed by house arrest with an electronic bracelet until May 2023, all while maintaining her innocence in what prosecutors allege was a scheme by three non-EU countries to buy influence in the European Parliament.
She remains charged with participation in a criminal organisation, corruption and money laundering.
The 47-year-old former MEP has consistently denied all charges. Her partner Francesco Giorgi, a parliamentary assistant and former aide to Panzeri, admitted accepting bribes but alleged Kaili was not directly involved in the corruption scheme. He is the father of Kaili’s daughter.
Byzantine court drama
The case centres on allegations that Qatar, Morocco and Mauritania sought to influence European Parliament decisions through bribes paid to MEPs and staff. Authorities say the scheme aimed to kill off parliamentary resolutions condemning Qatar’s human rights record and secure visa liberalisation for Qatari citizens. Both Qatar and Morocco deny the allegations.
Panzeri struck a deal with prosecutors in January 2023 to become a cooperating witness in exchange for a reduced sentence. Under the agreement, he committed to revealing “the identity of the persons he admits to having bribed.”
Defence lawyers have challenged Panzeri’s credibility and the methods used to secure his confession.
The case took another hit after Claise, the investigating judge who ordered Kaili’s arrest, was forced to recuse himself in June 2023 after it emerged his son was a business partner of Belgian MEP Marie Arena’s son — Arena herself later charged in the scandal.
Defence lawyers claim Claise knew about these connections and should have recused himself earlier, and that he protected Arena by delaying her indictment.
Marie Arena was charged only in January with participation in a criminal organisation but not with corruption or money laundering. Police found €280,000 in cash at her son’s home, according to Belgian media reports.
Another significant development came in September 2024 when a Brussels judge ordered Committee R, an independent body overseeing Belgian intelligence, to review the legality of “specific and exceptional methods” used by Belgian secret service VSSE in the investigation.
“It’s a very important and extraordinary decision that the appeal court made,” Kaili’s lawyer Sven Mary told Euronews at the time, adding that the finding could open a “new Pandora’s box” about the role Belgian intelligence played.
The Committee had issued an opinion in January confirming that the VSSE acted within the law. However, defence lawyers pointed out that Belgium’s penal code was not amended to criminalise foreign interference until April 2024 — a year and a half after the raids. At the time of the original investigation, only military espionage qualified as a prosecutable offence of interference.
Kaili has also challenged other parts of the investigation, arguing that Belgian authorities subjected her to “medieval” conditions during detention.
Her lawyers claimed she was held in solitary confinement for three days in January 2023 without adequate blankets, with lights on continuously, which they described as “torture”. Belgian prosecutors disputed these claims.
Case known as Belgiangate?
The procedural challenges facing the investigation are substantial. Defence lawyers have questioned the case on multiple fronts, including how Kaili’s immunity was lifted, the role of Belgian intelligence services, and the credibility of key witness Antonio Panzeri.
A crucial dispute centres on whether investigators artificially created a flagrant delicto situation. When Kaili’s father was arrested carrying a suitcase of cash on 9 December 2022, Judge Claise used this to justify an immediate search of Kaili’s home.
Defence lawyers argue immunity can only be lifted when someone is caught in the act, and that investigators manufactured these conditions specifically to bypass her parliamentary protections.
Questions about Panzeri’s reliability intensified after Giorgi secretly recorded an investigator saying, “Panzeri is lying.”
The recording, revealed by Belgian outlet La Libre, is said to have captured the investigator repeatedly questioning the credibility of the man Belgian authorities consider the scheme’s mastermind.
Prosecutors want the recording excluded, citing “unclear” circumstances. Defence lawyers insist it proves Panzeri’s cooperation agreement was granted too hastily and should have required court approval.
In September 2024, Kaili and Giorgi filed a defamation complaint against Panzeri with prosecutors in Milan.
In July of this year, Kaili won a legal victory when the EU’s General Court ruled that the European Parliament had wrongly denied her access to documents about her alleged mismanagement of parliamentary assistant allowances, part of an EPPO claim.
All still in limbo
The case has expanded significantly since the initial arrests. In March, prosecutors requested that parliamentary immunity be waived for Italian S&D MEPs Elisabetta Gualmini and Alessandra Moretti.
In total, at least 10 people now face charges, including former MEPs Panzeri, Cozzolino and Marc Tarabella, as well as lobbyist Niccolò Figà-Talamanca and Luca Visentini, general secretary of the International Trade Union Confederation.
The Brussels Chamber of Indictment only began reviewing the legality of the investigation this week, with hearings involving more than 20 parties to the case.
Kaili, who did not seek re-election in 2024, now lives in Italy and Greece, where authorities froze her assets shortly after her arrest, while it remains unlikely a trial will begin before late 2026 at the earliest.
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