Connect with us

World

Premier League Season Opens With 45% of Teams Owned by Americans

Published

on

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.

Advertisement

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.

Advertisement

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.

Advertisement

World

EU Commission examines childlike sexual images created by Musk’s AI

Published

on

EU Commission examines childlike sexual images created by Musk’s AI

Published on

The European Commission has announced it is looking into cases of sexually suggestive and explicit images of young girls generated by Grok, the AI chatbot integrated into social media platform X, following the introduction of a paid feature known as “Spicy Mode” last summer.

“I can confirm from this podium that the Commission is also very seriously looking into this matter,” a Commission spokesperson told journalists in Brussels on Monday.

“This is not ‘spicy’. This is illegal. This is appalling. This is disgusting. This has no place in Europe.”

Advertisement

On Sunday, in response to growing anger and alarm at the images, the social media platform said the images had been removed from the platform and that the users involved had been banned.

“We take action against illegal content on X, including Child Sexual Abuse Material (CSAM), by removing it, permanently suspending accounts, and working with local governments and law enforcement as necessary,” the X Safety account posted.

Similar investigations have been opened in France, Malaysia and India.

The European Commission also referenced an episode last November in which Grok generated Holocaust denial content. The Commission said it had sent a request for information under the EU’s Digital Services Act (DSA), and that it is now analysing the response.

In December, X was fined €120 million under the DSA over its handling of account verification check marks and its advertising policy.

Advertisement

“I think X is very well aware that we are very serious about DSA enforcement. They will remember the fine that they have received from us,” said the EU Commission spokesperson.

Continue Reading

World

The most interesting tech AP saw on Day 1 of CES

Published

on

The most interesting tech AP saw on Day 1 of CES

LAS VEGAS (AP) — Sure, Nvidia, AMD and Intel all had important chip and AI platform announcements on the first day of CES 2026, but all audiences wanted to see more of was Star Wars and Jensen Huang’s little robot buddies.

CES is a huge opportunity annually for companies both large and small to parade products they plan to put on shelves this year. And, as predicted, artificial intelligence was anchored in nearly everything as tech firms continue to look for AI products that will attract customers.

AP has been on the ground looking at booths and covering big announcements, here is a roundup of the highlights we saw on the first day of CES.

Nvidia gets physical

The biggest buzzword in the air at CES is “physical AI,” Nvidia’s term for AI models that are trained in a virtual environment using computer generated, “synthetic” data, then deployed as physical machines once they’ve mastered their purpose.

CEO Jensen Huang showed off Cosmos, an AI foundation model trained on massive datasets, capable of simulating environments governed by actual physics. He also announced Alpamayo, an AI model specifically designed for autonomous driving. Huang revealed that Nvidia’s next generation AI superchip platform, dubbed Vera Rubin, is in full production, and that Nvidia has a new partnership with Siemens. All of this shows Nvidia is going to fight increased competition to retain its reputation as the backbone of the AI industry.

Advertisement

But once Huang called for two little, waddling, chirping robots to join him on stage, that’s all the audience wanted to see more of.

The chips are back in town

AMD CEO Lisa Su announced a new line of its famed Ryzen AI processors as the company continues to expand its footprint in the world of AI-powered personal computers.

For gamers, AMD also showed off the latest version of its gaming-focused processor, the AMD Ryzen 7 9850X3D.

Meanwhile, Intel announced its new AI chip for laptops, Panther Lake (also known as the Intel Core Ultra Series 3), and said the company has plans to launch a new platform to address a growing market for handheld video gaming machines.

Intel, a Silicon Valley pioneer that enjoyed decades of growth as its processors powered the personal computer boom, fell into a slump after missing the shift to the mobile computing era unleashed by the iPhone. It fell further behind after the AI boom propelled Nvidia into the spotlight.

Advertisement

President Donald Trump’s administration stepped in recently to secure a 10% stake in the company, making the government one of Intel’s biggest shareholders. Federal officials said they invested in Intel to support U.S. technology and domestic manufacturing.

Uber dives back into the robotaxi game

Uber is giving the public a first look at their robotaxi at this CES this week. Uber, along with luxury electric vehicle manufacturer Lucid Motors and vehicle tech company Nuro, introduced an autonomous vehicle with an Uber-designed in-cabin experience.

Uber calls it the most luxurious robotaxi yet. It features cameras, sensors and radars that provide 360-degree perception and a low-profile roof “halo” with integrated LEDs that will display riders’ initials to help them spot their car and track their ride status. Inside, riders can personalize everything from climate and seat heating to music, while real-time visuals show exactly what the vehicle is seeing on the road and the route it plans to take.

Autonomous on-road testing began last month in San Francisco, led by Nuro, marking a major step toward what the companies said is a planned launch before the end of the year.

Star Wars and Lego announce new a partnership

When Lucasfilm chief creative officer David Filoni brought out an array of X-Wing pilots, Chewbacca, R2D2 and C-3PO, he won the Star Wars fandom for Lego.

Advertisement

Lego announced its Lego Smart Play platform on Monday, which introduces new smart bricks, tags and special minifigs for your collection. The new bricks contain sensors that enable them to sense light and distance, and to provide an array of responses, essentially lights and sounds, when they are used in unison.

Combine this with a newly announced partnership with the Star Wars franchise and now you can create your own interactive space battles and light-saber duels.

LG reveals a new robot to help around the home

File this one under intrigued, for now.

The Korean tech giant gave the media a glimpse Monday of its humanoid robot that is designed to handle household chores such as folding laundry and fetching food. Although many companies have robots on display at CES, LG certainly is one of the biggest tech companies to promise to put a service robot in homes.

It will be on display — and we assume demonstrating some of its purported abilities — beginning Tuesday, so we’ll have more to report soon.

Advertisement

What’s new with lollipops?

Music you can taste was on display Monday at CES: Lollipop Star unveiled a candy that plays music while you eat it. The company says it uses something called “bone induction technology,” which lets you hear songs — like tracks from Ice Spice and Akon — through the lollipop as you lick it or bite it in the back of your mouth, according to spokesperson Cassie Lawrence.

The musical lollipops will go on sale after CES on Lollipop Star’s website for $8.99 each. And if that wasn’t enough star power, Akon was expected to visit the company’s booth Tuesday when CES opens to the public.

Atlas holds up Hyundai’s (manufacturing) world

Hyundai-owned Boston Dynamics publicly demonstrated its humanoid robot Atlas for the first time at the CES tech showcase, ratcheting up a competition with Tesla and other rivals to build robots that look like people and do things that people do.

The company said a version of the robot that will help assemble cars is already in production and will be deployed by 2028 at Hyundai’s electric vehicle manufacturing facility near Savannah, Georgia.

Delta gets spherical

Delta Air Lines is taking entertainment to new heights as the “official airline” of the Sphere in Las Vegas. The airline announced a new multiyear partnership with Sphere Entertainment Co. that it says will deliver premium experiences to the venue, including a Delta SKY360° Club lounge.

Advertisement

The carrier said SkyMiles members can unlock exclusive access to other experiences at the Sphere, starting during the final weekend of the Backstreet Boys’ residency in February with features including private suite seating, food and beverages. The partnership brings Delta branding to the Sphere’s massive exterior LED screen. Delta says more exclusive SkyMiles experiences will roll out in 2026 and beyond.

Continue Reading

World

Iran offers citizens $7 monthly payments as protests spiral over economic crisis: report

Published

on

Iran offers citizens  monthly payments as protests spiral over economic crisis: report

NEWYou can now listen to Fox News articles!

Iran’s government has said its citizens will be given a monthly payment equivalent to about $7 to ease economic pressures as protests spread across the country, according to reports.

The announcement was reported to have been made on Monday by the government spokesperson, Fatemeh Mohajerani, on Iranian State TV.

She said the measure was aimed at “preserving households” purchasing power, controlling inflation and ensuring food security,” per The New York Times.

The outlet also said the plan represents a shift away from long-standing import subsidies toward direct assistance for citizens.

Advertisement

IRAN CRACKDOWN RATTLES MIDDLE EAST AS ANALYSTS WEIGH US OPTIONS SHORT OF MILITARY INTERVENTION

A protester faces Iranian security forces during clashes amid nationwide unrest, according to images released by the Iranian opposition group National Council of Resistance of Iran. (NCRI )

Under the proposal, roughly $10 billion that had been spent each year to subsidize certain imports, will now be given directly to the public.

Eligible Iranians will get one million Iranian tomans, which is around $7, and in the form of credit that can be used to buy goods.

The labor minister said the payments would be handed out to about 80 million people, which is the majority of Iran’s population.

Advertisement

PROTESTS SPREAD ACROSS IRAN AS REGIME THREATENS US FORCES AS ‘LEGITIMATE TARGETS’ AFTER TRUMP WARNING

Protesters march in downtown Tehran, Iran, Monday, Dec. 29, 2025.  (Fars News Agency via AP)

Iran’s economy has been hit by sanctions and declining oil revenues which have led to protests.

The currency has lost more than half its value against the U.S. dollar.

The Statistical Center of Iran, a state-run body under Iran’s regime, reported in December that the average annual inflation rate also reached 42.2%, according to reports.

Advertisement

The payments were announced amid widespread protests that included merchants, traders and university students, according to the Times. Marketplaces have been shut down and rallies have been held on campuses.

IRAN’S KHAMENEI LASHES OUT AT PROTESTERS AS NATIONWIDE ANTI-REGIME UNREST GROWS

Iran’s Supreme Leader, Ayatollah Ali Khamenei, pictured sitting next to a senior military official in Iran. (Getty Images)

As previously reported by Fox News Digital, according to the U.S.-based Human Rights Activists in Iran (HRAI), the intensity of the protests has reached at least 78 cities and 222 locations.

Protesters have been demanding the end of the regime controlled by the 86-year-old Supreme Leader Ali Khamenei.

Advertisement

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

The group said the regime has killed at least 20 people, including three children, and arrested 990 people. Khamenei’s security forces have detained more than 40 children, HRAI noted.

Fox News Digital’s Benjamin Weinthal contributed to this report.

Continue Reading
Advertisement

Trending