DOCSLIB.ORG

The Official Ferrari Opus “With Pininfarina He Made Only Beautiful Cars

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Official Ferrari Opus “With Pininfarina He Made Only Beautiful Cars The official ferrari OpuS “With Pininfarina he made only beautiful cars. Sergio Scaglietti used to tell him: ‘You’ve got to make cars beautiful, because making them beautiful or ugly costs the same.’ Dad always placed a lot of importance on style, believing in a winning formula that still works today” From ‘My Father, Enzo Ferrari’, an interview with Piero Ferrari for The Official Ferrari Opus “ferrari is the best spokesperson for italian car design because it represents our values in full: a particular way of seeing life, the ability to achieve excellent results without renouncing beauty, brilliance or extroversion” From ‘The Perfect Body’ by Lorenzo Ramaciotti, former style director of Pininfarina, for The Official Ferrari Opus A unique combination of technical flair, Italian style In the quest to create the ultimate publication on Ferrari, and elegance, mystique and an unquenchable thirst for Opus has scoured private and public picture archives perfection has made Ferrari the most desirable automobile around the world to select over 1,000 unique, rare or brand in the world. The Official Ferrari Opus is the ultimate previously unpublished photographs. celebration of the Prancing Horse and the company’s continuing success, both on the race track and on the road. Many exclusive photo shoots have been commissioned for The Official Ferrari Opus, featuring key Ferrari personalities Whether it’s behind the scenes with the workers at the such as Luca di Montezemolo, Piero Ferrari, Niki Lauda and legendary factory in Maranello, at the races with the F1 team Jean Todt, as well as a unique photo essay by Rankin, one or in the cockpit with the drivers, The Official Ferrari Opus of the world’s foremost photographers, on the iconic 1961 offers an unprecedented insight into the magic of Ferrari. Ferrari California Spider. Opus has commissioned esteemed contributors such as The content reveals the true nature of this legendary marque Leo Turrini, Marco Franzelli, Stephen Bayley, and Nestore and celebrates its fascinating history. Any Ferrari enthusiast Morosini to tell the captivating story of Ferrari, including will certainly appreciate that The Official Ferrari Opus reveals such legends as Enzo Ferrari, Luca di Montezemolo, Alberto the story of this iconic brand in a way that has never been Ascari, Fernando Alonso and many, many more. told before. “opus is not a book; it’s a concerto. a triumphant opera whose score is made up of cars, technology, history and achievements, and whose protagonists will live on forever. opus, like ferrari, is a unique experience” Antonio Ghini, editor-in-chief of The Official Ferrari Magazine, and creative advisor and coordinator of The Official Ferrari Opus, Maranello The official ferrari oPuS eDiTionS Enzo edition - Former Ferrari press officer, Franco Gozzi - Strictly limited to 400 copies worldwide - Design guru, Stephen Bayley - Personally signed by all living Ferrari F1 world - Leading F1 photographers Paul-Henri Cahier, Boris champions, notable Ferrari racing greats, and current Schlegelmilch and Martin Trenkler Ferrari F1 drivers - World champion drivers from Niki Lauda to Michael - Presented in a bespoke carbon fibre clamshell case Schumacher to Fernando Alonso - Specially designed bookstand by world renowned - And many, many more… interior designers Candy & Candy, pioneers of bespoke and innovative design solutions Copy Number 1 - Price on application Journey to Maranello The very first copy in the limited print Cavallino Rampante edition run of The Official Ferrari Opus will be - Strictly limited to 500 copies worldwide personally signed by Ferrari President, - Personally signed by notable Ferrari racing greats Luca di Montezemolo and CEO of - £3,750 including delivery Mubadala Development Company, Khaldoon Al Mubarak. A special signing ceremony will Classic edition take place at the launch of The Official Ferrari Opus at - Strictly limited to 4,100 copies worldwide Ferrari World Abu Dhabi, November 2010. - Personally signed by current Ferrari F1 drivers - £2,000 including delivery Copy number 1 will then be taken on a tour to all the major cities that host grands prix, giving people the Contributors opportunity to bid for this special copy which will be Antonio Ghini, Ferrari’s longstanding communications auctioned for two special charities, each chosen by and brand management director and editor-in-chief of Ferrari and Mubadala respectively. The Official Ferrari Magazine, acted as creative advisor and coordinator of The Official Ferrari Opus. Partner The Official Ferrari Opus was made possible through Editor Eszter Karpati and her team at Opus Media Group the constant support and assistance of Mubadala, have brought together the work of some of the finest headquartered in Abu Dhabi, United Arab Emirates. specialist writers, photographers and illustrators to create a visually stunning publication on Ferrari of unprecedented Established and owned by the Government of Abu scale and quality. Dhabi, Mubadala is a catalyst for the Emirate’s economic diversification, managing long-term, capital-intensive The star-studded lineup of contributors includes: investments that deliver strong financial returns and tangible social benefits for the region. - World-famous portrait photographer, Rankin - Enzo Ferrari’s biographer, Leo Turrini Mubadala is a Ferrari shareholder and a sponsor of - Former Pininfarina style director, Lorenzo Ramaciotti Scuderia Ferrari, the most successful team in F1 history. - Legendary Ferrari engineer, Mauro Forghieri The official ferrari oPuS SPecificaTionS Publication date November 2010 Images Over 1,000 spectacular images, including exclusive photo shoots by renowned photographers, rare photographs Size 50 x 50cm sourced from worldwide archives and beautiful works of art Weight At 37kg (82lb), you can literally feel the weight of Signatures Personal signatures of legends and iconic drivers the Ferrari story in the history of Ferrari Content 852 pages, with 50 per cent of all content newly Gatefolds Two gigantic gatefolds, each measuring an commissioned especially for this Opus incredible 200 x 50cm Words 150,000 words of fascinating content, including Presentation Sewn and bound by hand in the finest leather exclusive interviews with Ferrari legends and contained in a red, silk-covered or carbon fibre clamshell for furTher informaTion PleaSe conTacT oPuS +44 (0)20 7213 9587 [email protected] www.ferrariopus.com www.krakenopus.com In partnership with LONDON DUBAI LOS ANGELES HYDERABAD GUERNSEY.
Load more

Recommended publications
  • 2017 Sustainability Report
    Ferrari N.V. SUSTAINABILITY REPORT 2017 Ferrari N.V. Official Seat: Amsterdam, The Netherlands Dutch Trade Registration Number: 64060977 Administrative Offices: Via Abetone Inferiore 4 I- 41053, Maranello (MO) Italy Ferrari N.V. SUSTAINABILITY REPORT 2017 2 Table of contents Letter from the Chairman and Chief Executive Officer 05 A 70-year journey to sustainability 09 Ferrari Group 13 About Ferrari 13 Our DNA 14 Our Values 15 Our Strategy 15 Our Business 17 Sports and GT Cars 17 Formula 1 Activities 29 Brand Activities 30 Materiality Matrix of Ferrari Group 32 Stakeholder engagement 36 Our governance 39 Sustainability Risks 43 Product Responsibility 47 Research, Innovation and Technology 47 Client Relations 53 Vehicle Safety 60 Responsible Supply Chain 63 Production process 64 Conflict minerals 67 Our people 69 Working environment 69 Training and talent development 73 Occupational Health and Safety 77 Our employees in numbers 79 Our Environmental Responsibility 85 Plants and circuits 85 Vehicles environmental impact 94 Economic value generated and distributed 103 Ferrari contributes towards the community 105 Ferrari & universities 105 Ferrari Museum Maranello & Museo Enzo Ferrari (MEF) 106 Scuderia Ferrari Club 106 Ferrari Driver Academy 108 Methodology and scope 111 GRI content index 113 Independent Auditor’s Report 124 3 Letter from the Chairman and Chief Executive Officer Dear Shareholders, 2017 marked Ferrari’s 70th Anniversary. We were surprised and delighted by the enthusiasm and the extraordinary turnout, with tens of thousands of clients and fans participating in the yearlong tour of celebrations all over the world. Events were held in over 60 different countries, providing a truly vivid and unforgettable display of the brand’s power.
    [Show full text]
  • 7Th Abu Dhabi-Singapore Joint Forum Continues to Provide Platform for Strengthening of Bilateral Ties Relationship Sees Progre
    7th Abu Dhabi-Singapore Joint Forum Continues to Provide Platform for Strengthening of Bilateral Ties Relationship Sees Progress in Key Areas of Collaboration MR No.: 047/13 Singapore, 26 November 2013 – The 7th Abu Dhabi-Singapore Joint Forum (ADSJF) was held in Singapore today under the co-chairmanship of Mr Lee Yi Shyan, Singapore’s Senior Minister of State for Trade & Industry and National Development, and His Excellency Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi. The Forum, jointly organised by International Enterprise (IE) Singapore and the Abu Dhabi Executive Affairs Authority (EAA) convened approximately 60 government and business representatives from both Abu Dhabi and Singapore, reflects the ongoing and effective growth in the bilateral relationship between the two governments. Said Mr Lee Yi Shyan, Singapore Co-Chair of the ADSJF and Senior Minister of State for Trade & Industry and National Development, “The Abu Dhabi-Singapore Joint Forum has achieved much since 2007. The number of Singapore companies in the UAE has risen from 90 to 130. These companies have made significant investments in the UAE as well. For instance, Sembcorp recently invested US$80 million to expand its sea desalination capacity in the UAE. We look forward to continuing our close cooperation in the future. Said H.E. Khaldoon Al Mubarak, Abu Dhabi Co-Chair of the ADSJF and Chairman of the Abu Dhabi Executive Affairs Authority, “We have been convening these meetings for many years now, and a lot has been achieved in that time - in areas as diverse as transportation, urban development, technology and the energy sector.
    [Show full text]
  • Premier League, 2018–2019
    Premier League, 2018–2019 “The Premier League is one of the most difficult in the world. There's five, six, or seven clubs that can be the champions. Only one can win, and all the others are disappointed and live in the middle of disaster.” —Jurgen Klopp Hello Delegates! My name is Matthew McDermut and I will be directing the Premier League during WUMUNS 2018. I grew up in Tenafly, New Jersey, a town not far from New York City. I am currently in my junior year at Washington University, where I am studying psychology within the pre-med track. This is my third year involved in Model UN at college and my first time directing. Ever since I was a kid I have been a huge soccer fan; I’ve often dreamed of coaching a real Premier League team someday. I cannot wait to see how this committee plays out. In this committee, each of you will be taking the helm of an English Football team at the beginning of the 2018-2019 season. Your mission is simple: climb to the top of the world’s most prestigious football league, managing cutthroat competition on and off the pitch, all while debating pressing topics that face the Premier League today. Some of the main issues you will be discussing are player and fan safety, competition with the world’s other top leagues, new rules and regulations, and many more. If you have any questions regarding how the committee will run or how to prepare feel free to email me at [email protected].
    [Show full text]
  • Dollars and Decadence Making Sense of the US-UAE Relationship
    Dollars and Decadence Making Sense of the US-UAE Relationship Colin Powers April 2021 Noria Research Noria Research is an independent and non-profit research organization with roots in academia. Our primary mandates are to translate data gathered on the ground into original analyses, and to leverage our research for the purpose of informing policy debates and engaging wider audiences. It is our institutional belief that political crises cannot be understood without a deep grasp for the dynamics on the ground. This is why we are doctrinally committed to field-based research. Cognizant that knowledge ought to benefit society, we also pledge to positively impact civil society organizations, policymakers, and the general public. Created in Paris in 2011, Noria’s research operations now cover the Americas, Europe, North Africa, the Middle East and South Asia. Licence Noria Research encourages the use and dissemination of this publication. Under the cc-by-nc-nd licence, you are free to share copy and redistribute the material in any medium or format. Under the following terms, you must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material. Disclaimer The opinions expressed in this publication are those of the author alone and do not necessarily reflect the position of Noria Research. Author: Colin Powers Program Director: Robin Beaumont Program Editor: Xavier Guignard Graphic Design: Romain Lamy & Valentin Bigel Dollars and Decadence Making Sense of the US-UAE Relationship Colin Powers April 2021 About Middle East and North Africa Program Our research efforts are oriented by the counter-revolution that swept the Middle East and North Africa in the aftermath of 2011.
    [Show full text]
  • Resuming Previously Upwand Momentum
    Business & Finance Weekly WORLD June 15-19.2020 Issue 07 MSCI WORLD INDEX 2.06% ▲ MAJOR 1.15 % 1.04 % 1.86 % 3.73 % 1.62 % 1.64 % 0.78 % 2.72 % 3.19 % 3.07 % INDICES JSE/Top40 DJIA S&P500 NASDAQ ASX200 SSECOMP NIKKEI225 NIFTY50 DAX FTSE100 MARKETS REVIEW Week June 15-19 KEY POINTS Resuming previously upwand momentum FDI ollowin ga bruis - the Bank of Japan (BoJ), kept its mon - ing decline the etary policy largely unchanged and de - previous week , cided to boost financing support for Global foreign direct in - world markets re - hard-hit companies beyond $1 trillion. vestment (FDI) flows bounded sharply. Chinese markets were also higher this are forecast to decrease ●CHINA-INDIA :On Monday, 20 Indian soldiers Kyriaki The biggest catalysts week with the domestic large-cap CSI by up to 40% in 2020, were killed in physical fights with Chinese troops I.Balkoud were the Fed’s deci - 300 index outpacing the benchmark from their 2019 value of in a disputed Himalayan border area, Indian officials Editor sion to increase its Shanghai Composite. In Australia, the $1.54 trillion, according said. The incident follows rising tensions. It was the support and the news that the White ASX200 index managed to add 1.62 to UNCTAD’s World In - deadliest clash between the neighbours in decades. House is working on a massive stim - per cent for the week. vestment Report 2020. ulus plan focused on infrastructure in - (See Asia/Pacific on p.4) vestment. Sentiment also got a lift EUROPE: European equities ended from upbeat economic data.
    [Show full text]
  • U.S. Universities Rush to Set up Outposts Abroad
    U.S. Universities Rush to Set Up Outposts Abroad THE NEW YORK TIMES February 10, 2008 Global Classrooms By TAMAR LEWIN When John Sexton, the president of New York University, first met Omar Saif Ghobash, an investor trying to entice him to open a branch campus in the United Arab Emirates, Mr. Sexton was not sure what to make of the proposal — so he asked for a $50 million gift. “It’s like earnest money: if you’re a $50 million donor, I’ll take you seriously,” Mr. Sexton said. “It’s a way to test their bona fides.” In the end, the money materialized from the government of Abu Dhabi, one of the seven emirates. Mr. Sexton has long been committed to building N.Y.U.’s international presence, increasing study-abroad sites, opening programs in Singapore, and exploring new partnerships in France. But the plans for a comprehensive liberal-arts branch campus in the Persian Gulf, set to open in 2010, are in a class by themselves, and Mr. Sexton is already talking about the flow of professors and students he envisions between New York and Abu Dhabi. The American system of higher education, long the envy of the world, is becoming an important export as more universities take their programs overseas. In a kind of educational gold rush, American universities are competing to set up outposts in countries with limited higher education opportunities. American universities — not to mention Australian and British ones, which also offer instruction in English, the lingua franca of academia — are starting, or expanding, hundreds of programs and partnerships in booming markets like China, India and Singapore.
    [Show full text]
  • Planning Abu Dhabi: from Arish Village to a Global, Sustainable, Arab Capital City by Alamira Reem Bani Hashim a Dissertation S
    Planning Abu Dhabi: From Arish Village to a Global, Sustainable, Arab Capital City By Alamira Reem Bani Hashim A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in City and Regional Planning in the Graduate Division of the University of California, Berkeley Committee in charge: Professor Elizabeth S. Macdonald, Chair Professor Michael Southworth Professor Greig Crysler Summer 2015 © Alamira Reem Bani Hashim Abstract Planning Abu Dhabi: From Arish Village to a Global, Sustainable Arab Capital City by Alamira Reem Bani Hashim Doctor of Philosophy in City and Regional Planning University of California, Berkeley Professor Elizabeth S. Macdonald, Chair The overarching objective of this research project is to explore and document the urban history of Abu Dhabi, United Arab Emirates. It is organized as a comparative study of urban planning and design processes in Abu Dhabi during three major periods of the city’s development following the discovery of oil: (1) 1960-1966: Sheikh Shakhbut Bin Sultan Al Nahyan’s rule (2) 1966-2004: Sheikh Zayed Bin Sultan Al Nahyan’s rule; and (3) 2004-2013: Sheikh Khalifa Bin Zayed Al Nahyan’s rule. The intention of this study is to go beyond a typical historical narrative of sleepy village-turned-metropolis, to compare and contrast the different visions of each ruler and his approach to development; to investigate the role and influence of a complex network of actors, including planning institutions, architects, developers, construction companies and various government agencies; to examine the emergence and use of comprehensive development plans and the policies and values underlying them; as well as to understand the decision-making processes and design philosophies informing urban planning, in relation to the political and economic context of each period.
    [Show full text]
  • Gianni Agnelli and Ferrari. the Elegance of the Legend”, Centenary Exhibition at the Mef Modena
    “GIANNI AGNELLI AND FERRARI. THE ELEGANCE OF THE LEGEND”, CENTENARY EXHIBITION AT THE MEF MODENA. ONLINE OPENING ON 12 MARCH, LIVE VIRTUAL TOURS UNTIL 1 APRIL. Maranello, 11 March 2021 – The new exhibition at the Museo Enzo Ferrari in Modena brings together the one-off cars built by Ferrari for Gianni Agnelli and meticulously customised in close collaboration with him. This unique collection is a testament to the symbiotic relationship that developed between two of the most charismatic and authoritative figures of the 20th century and endured for over 50 years. “Gianni Agnelli and Ferrari. The Elegance of the Legend” is an homage by the Maranello marque to one of its greatest touchstones, first and foremost as a loyal client and later as close confidant and partner, on the 100th anniversary of the latter’s birth tomorrow. The official online opening of the exhibition takes place on March 12 on the Ferrari Museums’ social media channels and website. As we wait for new government regulations to allow us to reopen the MEF’s exhibition halls to the public, we will be organising two free virtual live tours of around 30 minutes each day until April 1. These can be booked starting tomorrow at the Museums’ website (Ferrari.com/it-IT/museums). A Prancing Horse enthusiast from a young age, Gianni Agnelli was consistently courteous and respectful in his proposals for highly customised special versions of certain models. For his part, Enzo Ferrari was aware that the influence, aesthetic tastes and personality of a client who was both very close to the factory and familiar with working on exclusive projects, might lead to successful and farsighted choices.
    [Show full text]
  • The UAE Lobby: Subverting British Democracy?
    The UAE Lobby: Subverting British democracy? Alex Delmar-Morgan David Miller ACKNOWLEDGEMENTS AUTHORS Thanks to the Arab Organisation for Human Alex Delmar-Morgan Rights for its financial support for this report. is a freelance journalist in London and has written Thanks also to all those who have shared for a range of national titles information with us about or related to the UAE including The Guardian, lobby. We are indebted to a wide variety of people The Daily Telegraph, and who have shared stories and information with us, The Independent. He is the most of whom must remain nameless. We also former Qatar and Bahrain correspondent for thank Hilary Aked, Izzy Gill, Tom Griffin, Tom Mills. the Wall Street Journal and Dow Jones. On a personal note, thanks to Narzanin Massoumi for her many contributions to this work. David Miller is a director of Public Interest Investigations, of which Spinwatch.org and CONFLICT OF INTEREST Powerbase.info are projects. He STATEMENT is also Professor of Sociology at the University of Bath in No external person had any role in the study, England. From 2013-2016 design, collection, analysis, and interpretation of he was RCUK Global Uncertainties Leadership data, or writing of the report. For the transparency Fellow leading a project on Understanding and policy of Public Interest Investigations and a list of explaining terrorism expertise in practice. grants received see: http://www.spinwatch.org/ index.php/about/funding Recent publications include: • The Quilliam Foundation: How ‘counter- PUBLIC INTEREST extremism’ works, (co-author, Public interest INVESTIGATIONS Investigations, 2018); • Islamophobia in Europe: counter-extremism Public Interest Investigations (PII) is an policies and the counterjihad movement, independent non-profit making organisation.
    [Show full text]
  • Here Singapore Companies Have Established Themselves in the Energy, Water, Urban Solutions, and Consumer Sectors
    PRESS RELEASE For Immediate Release ABU DHABI AND SINGAPORE TO EXPLORE POTENTIAL AREAS OF COOPERATION AT THE 12TH ABU DHABI-SINGAPORE JOINT FORUM 1. Minister-in-charge of Trade Relations S Iswaran will be in Abu Dhabi, United Arab Emirates (UAE) from 13 to 14 November 2019. While in Abu Dhabi, Mr Iswaran will co-chair the 12th Abu Dhabi-Singapore Joint Forum (ADSJF) with Chairman of the Executive Affairs Authority (EAA) of Abu Dhabi H.E. Khaldoon Al Mubarak on 14 November 2019. 2. During the forum, Mr Iswaran will reaffirm the bilateral links between the UAE and Singapore, and highlight the wide-ranging business interests in the UAE especially in Abu Dhabi and Dubai, where Singapore companies have established themselves in the energy, water, urban solutions, and consumer sectors. 3. Mr Iswaran and H.E. Khaldoon are also expected to discuss ways to deepen bilateral engagement through connecting the Singapore and Abu Dhabi start-up ecosystem, furthering collaboration between Singapore’s and Abu Dhabi’s space industries, and developing partnerships on innovation with UAE’s large enterprises, such as GlobalFoundries and Abu Dhabi National Oil Company. 4. Mr Iswaran said, “We have strengthened our bilateral ties with Abu Dhabi since the 1st ADSJF in 2007. As the global economy shifts towards innovation and digitalisation, we hope that our bilateral cooperation will similarly incorporate new areas of collaboration such as the digital economy. This will ensure continued relevance as both our economies adapt and move ahead in the global state-of-play.” 5. During the visit, Mr Iswaran will also be meeting with UAE Minister of State for Artificial Intelligence Omar Bin Sultan Al Olama and Chairman of the Abu Dhabi Executive Council Sheikh Khalid Bin Mohammed Bin Zayed Al Nahyan.
    [Show full text]
  • Ferrari, Where He Spent the Rest of the War Eand Grew up Surrounded by Whose Childhood Ended Abruptly
    NZO ANSELMO FERR A RI was admired by the outside world. This was posted to the mountain regiment born on February 18, 1898, seems certainly true for Enzo Ferrari, where he spent the rest of the war Eand grew up surrounded by whose childhood ended abruptly. shoeing mules. craftsmen who were artists in metal - people like Weber and Maserati, Enzo’s father died of pneumonia His first brush with the motor in- names still famous in the world of in 1916, and Enzo’s older brother, dustry was in Turin immediately after motoring. Dino, died in a military hospital the war when he unsuccessfully applied soon after. The family business went for a job at Fiat.While working as a The Ferrari family were pros- bankrupt. Enzo joined the army and vehicle delivery man in Bologna, Enzo perous metalwork- met racing driver Ugo ers in Modena, Italy Sivocci, who hired him – a c i t y f a m o u s as an assistant. Although for its craftsmen. They Enzo was to participate were among the first in a number of races over in the district to own a the following years, his motor car. career as a driver never amounted to much. In the public mind, Enzo Ferrari was a bril- It was Enzo’s asso- liant designer who pro- ciation with Alfa Romeo duced generations of that established him as a classic racing and sports key player in the interna- cars which carried his tional racing circuit. His name to victory all over initial relationship with the world.
    [Show full text]
  • City Football Group Signals China Growth As CMC Holdings Led Consortium Acquires 13% CFG Minority Shareholding
    For Immediate Release City Football Group Signals China Growth as CMC Holdings Led Consortium Acquires 13% CFG Minority Shareholding • Strategic minority shareholding creates unprecedented platform to deliver CFG growth opportunities in China and internationally • Deal values City Football Group at US$3 Billion (Beijing/Manchester/Abu Dhabi, 1 December 2015) City Football Group (CFG), the owner of football related clubs and businesses including Manchester City FC, New York City FC, Melbourne City FC, and a minority shareholder in Yokohama F. Marinos, today announced a partnership with a consortium of high profile Chinese institutional investors led by China’s leading media, entertainment, sports and Internet dedicated investment and operating company CMC (China Media Capital) Holdings. The deal will create an unprecedented platform for the growth of CFG clubs and companies in China and internationally, borne out of CFG’s ability to provide a wealth of industry expertise and resources to the rapidly developing Chinese football industry. The agreement will see the consortium of CMC Holdings and CITIC Capital invest US$400 million to take a shareholding in City Football Group of just over 13%. The deal values the group at US$3 billion. The agreement is subject to regulatory approval in some territories. The announcement follows more than six months of discussions among the parties to find the optimum model and associated strategies for the partnership. The capital from the share acquisition will be used by City Football Group to fund its China growth, further CFG international business expansion opportunities and further develop CFG infrastructure assets. The CFG/CMC partnership is predicated on the opportunity to create new value for CFG in China and beyond by working with CMC, CITIC Capital and the Chinese football industry.
    [Show full text]