Everton fans have made clear their displeasure with owner Farhad Moshiri in recent seasons. Reuters
Everton fans have made clear their displeasure with owner Farhad Moshiri in recent seasons. Reuters
Everton fans have made clear their displeasure with owner Farhad Moshiri in recent seasons. Reuters
Everton fans have made clear their displeasure with owner Farhad Moshiri in recent seasons. Reuters

KAM Sports in advanced talks with Everton owner Moshiri: report


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Everton owner Farhad Moshiri is in advanced talks with US-based KAM Sports group over funding for the new stadium and take a stake in the club, according to a report.

KAM Sports, owned by US real estate magnate Maciek Kaminski, was among the parties involved in talks about a takeover of the Premier League club earlier this year.

After those discussions ended, Moshiri said the club was not for sale, but that it was "pragmatic to explore all potential investment opportunities".

However, sources claim talks have continued, according to the Financial Times.

The Kaminski family was part of a consortium led by former Manchester United and Chelsea chief Peter Kenyon that was looking to buy the club earlier this year.

British-Iranian billionaire Moshiri has invested hundred of millions of pounds into Everton since taking the helm in 2016, and the club is set to move to a new 53,000-seat stadium at Bramley Moore dock in 2004.

But despite spending about £600 million on new players the owner has presided over a chaotic, turbulent period in Everton’s history that saw the team narrowly avoid relegation from the Premier League last season.

Everton have posted record losses of £372.6m across the past three financial years and Moshiri has rarely been seen at Everton matches this year with fans staging protests over his running of the club.

Everton have won only one of their seven league games this terms - a 1-0 victory at home to West Ham United before the recent international break - drawing four after losing their opening two fixtures.

Everton v West Ham ratings

  • EVERTON RATINGS: Asmir Begovic – 7 The Everton goalkeeper was comfortable throughout. However, on one occasion, he was slightly too relaxed when rolling the ball out to Tarkowski, with Antonio breathing down his neck. Luckily, his teammate was able to clear. Getty
    EVERTON RATINGS: Asmir Begovic – 7 The Everton goalkeeper was comfortable throughout. However, on one occasion, he was slightly too relaxed when rolling the ball out to Tarkowski, with Antonio breathing down his neck. Luckily, his teammate was able to clear. Getty
  • Nathan Patterson – 7 Enjoyed spells going forward and provided an option down the wing. Distracted Cornet enough in the closing stages to deny him capitalising on a long ball. PA
    Nathan Patterson – 7 Enjoyed spells going forward and provided an option down the wing. Distracted Cornet enough in the closing stages to deny him capitalising on a long ball. PA
  • Conor Coady – 6 Named captain with Jordan Pickford sidelined. He was shaky at times, relying on Patterson and Tarkowski to bail him out. However, he came to the rescue to direct Bowen’s cross away from a certain tap-in for Antonio, before intercepting Antonio’s cross to Paqueta later on. Booked. Reuters
    Conor Coady – 6 Named captain with Jordan Pickford sidelined. He was shaky at times, relying on Patterson and Tarkowski to bail him out. However, he came to the rescue to direct Bowen’s cross away from a certain tap-in for Antonio, before intercepting Antonio’s cross to Paqueta later on. Booked. Reuters
  • James Tarkowski – 7 Calm and confident in defence, the former Burnley centre-back was on hand to clear a Begovic scare, and stop Antonio’s darting run in its tracks. Getty
    James Tarkowski – 7 Calm and confident in defence, the former Burnley centre-back was on hand to clear a Begovic scare, and stop Antonio’s darting run in its tracks. Getty
  • Vitaliy Mykolenko – 6 After a quiet first half, the Ukrainian sent in a dangerous low cross into the box after half-time. West Ham were able to clear. AP
    Vitaliy Mykolenko – 6 After a quiet first half, the Ukrainian sent in a dangerous low cross into the box after half-time. West Ham were able to clear. AP
  • Idrissa Gueye – 6 A little shaky throughout on his first start of the season, which started with an overhit back pass. Settled into the game. PA
    Idrissa Gueye – 6 A little shaky throughout on his first start of the season, which started with an overhit back pass. Settled into the game. PA
  • Amadou Onana – 6 The former Hammers transfer target was unable to direct a header on target inside 10 minutes, his best chance of the game. PA
    Amadou Onana – 6 The former Hammers transfer target was unable to direct a header on target inside 10 minutes, his best chance of the game. PA
  • Alex Iwobi – 8 Was free to roam, help bring the ball forward, intercept and tackle in an impressive first half. Rewarded with an assist in the second half, before firing wide of the post from distance in the closing stages. PA
    Alex Iwobi – 8 Was free to roam, help bring the ball forward, intercept and tackle in an impressive first half. Rewarded with an assist in the second half, before firing wide of the post from distance in the closing stages. PA
  • Demarai Gray – 8 A bright spark for Everton, Gray was a danger going forward. He had a decent effort to test Fabianski in the second half, before shooting just wide of the post. Reuters
    Demarai Gray – 8 A bright spark for Everton, Gray was a danger going forward. He had a decent effort to test Fabianski in the second half, before shooting just wide of the post. Reuters
  • Neal Maupay – 7 Worked hard in the first half and was rewarded in the second when, after controlling Iwobi’s through ball, he found Fabianski’s bottom corner. Getty
    Neal Maupay – 7 Worked hard in the first half and was rewarded in the second when, after controlling Iwobi’s through ball, he found Fabianski’s bottom corner. Getty
  • Anthony Gordon – 5 A disappointing display for the young Liverpudlian, who switched flanks in the first half. Seemed to enjoy much more of the ball and opportunities coming forward. Booked. Reuters
    Anthony Gordon – 5 A disappointing display for the young Liverpudlian, who switched flanks in the first half. Seemed to enjoy much more of the ball and opportunities coming forward. Booked. Reuters
  • SUBS: Dwight McNeil (Gordon 74’) – N/A Wanting to get into the action, McNeil put himself about, trying to hold off Coufal and putting in a tackle in stoppage time. Booked. Reuters
    SUBS: Dwight McNeil (Gordon 74’) – N/A Wanting to get into the action, McNeil put himself about, trying to hold off Coufal and putting in a tackle in stoppage time. Booked. Reuters
  • Abdoulaye Doucoure (Gray 82’) – N/A Misfired a pass on the break, with Everton hanging on to a 1-0 lead. Getty
    Abdoulaye Doucoure (Gray 82’) – N/A Misfired a pass on the break, with Everton hanging on to a 1-0 lead. Getty
  • Salomon Rondon (Maupay 89’) – N/A A late change to see out the win. Getty
    Salomon Rondon (Maupay 89’) – N/A A late change to see out the win. Getty
  • WEST HAM RATINGS: Lukasz Fabianski – 6 Had little to do for large parts but was unable to stop Maupay’s powerful effort on the turn. Getty
    WEST HAM RATINGS: Lukasz Fabianski – 6 Had little to do for large parts but was unable to stop Maupay’s powerful effort on the turn. Getty
  • Thilo Kehrer – 7 Made a crucial intervention when he managed to get a nick as Gray dribbled into the box and past his teammates to deny the Everton player a shot at goal. Getty
    Thilo Kehrer – 7 Made a crucial intervention when he managed to get a nick as Gray dribbled into the box and past his teammates to deny the Everton player a shot at goal. Getty
  • Kurt Zouma – 6 Still in the box following a set-piece, Zouma managed to get a head on a Creswell cross. After half-time, he cleared Mykolenko’s dangerous cross into the box. Getty
    Kurt Zouma – 6 Still in the box following a set-piece, Zouma managed to get a head on a Creswell cross. After half-time, he cleared Mykolenko’s dangerous cross into the box. Getty
  • Aaron Cresswell – 6 On hand to clear a low cross into the box in the opening minutes, he later delivered a decent cross into the box for Zouma. Getty
    Aaron Cresswell – 6 On hand to clear a low cross into the box in the opening minutes, he later delivered a decent cross into the box for Zouma. Getty
  • Vladimir Coufal – 5 The defender had a challenging game against the sprightly Gray. Getty
    Vladimir Coufal – 5 The defender had a challenging game against the sprightly Gray. Getty
  • Tomas Soucek – 6 The Czech nearly put his side in danger when an under-hit pass to Zouma was pounced on by Iwobi early on. Later, he came close with a header. PA
    Tomas Soucek – 6 The Czech nearly put his side in danger when an under-hit pass to Zouma was pounced on by Iwobi early on. Later, he came close with a header. PA
  • Declan Rice – 6 The England international put in a couple of good challenges in the first half when things were messy. After the break, he brought the ball forward more frequently. PA
    Declan Rice – 6 The England international put in a couple of good challenges in the first half when things were messy. After the break, he brought the ball forward more frequently. PA
  • Pablo Fornals – 6 Much livelier after the restart, Fornals started to spring into action, and he put in a decent ball for Bowen’s effort in the box. Action Images
    Pablo Fornals – 6 Much livelier after the restart, Fornals started to spring into action, and he put in a decent ball for Bowen’s effort in the box. Action Images
  • Jarrod Bowen – 6 Another quiet performance. His best chance saw him fire over the bar following good work from Fornals. Reuters
    Jarrod Bowen – 6 Another quiet performance. His best chance saw him fire over the bar following good work from Fornals. Reuters
  • Lucas Paqueta – 5 The former Lyon midfielder had just one opportunity on goal, his looping header unable to trouble Begovic. Getty
    Lucas Paqueta – 5 The former Lyon midfielder had just one opportunity on goal, his looping header unable to trouble Begovic. Getty
  • Michail Antonio – 7 Saw little of the ball in the first half but when he did, Antonio was an imposing danger with darting runs on the break. He had a decent opportunity to put his side on level terms straight after Everton’s goal, but his header went straight at Begovic. Getty
    Michail Antonio – 7 Saw little of the ball in the first half but when he did, Antonio was an imposing danger with darting runs on the break. He had a decent opportunity to put his side on level terms straight after Everton’s goal, but his header went straight at Begovic. Getty
  • SUBS: Maxwel Cornet (Paqueta 62’) – 7 Played in by Rice, Cornet’s pace beat Patterson but his effort couldn’t beat Begovic. Should have capitalised when a long ball caught out Coady. Getty
    SUBS: Maxwel Cornet (Paqueta 62’) – 7 Played in by Rice, Cornet’s pace beat Patterson but his effort couldn’t beat Begovic. Should have capitalised when a long ball caught out Coady. Getty
  • Said Benrahma (Fornals 62’) – 7 Had one of West Ham’s best chances to find an equaliser, but his long-range effort rattled the woodwork. Getty
    Said Benrahma (Fornals 62’) – 7 Had one of West Ham’s best chances to find an equaliser, but his long-range effort rattled the woodwork. Getty
  • Gianluca Scamacca (Antonio 70’) N/A Saw little of the ball, and his quest for his first league goal continues. Booked. Reuters
    Gianluca Scamacca (Antonio 70’) N/A Saw little of the ball, and his quest for his first league goal continues. Booked. Reuters
  • Emerson Palmieri (Cresswell 90+3’) – N/A A late change for the Hammers. PA
    Emerson Palmieri (Cresswell 90+3’) – N/A A late change for the Hammers. PA

Goalkeeper Jordan Pickford will be fit for Saturday's Premier League trip to Southampton after recovering from a thigh injury, manager Frank Lampard said.

Pickford, 28, sustained the injury during the goalless Merseyside derby against Liverpool earlier this month and missed their win against West Ham as well as England's Nations League fixtures against Italy and Germany.

"Yes, good news," Lampard told reporters on Thursday when asked if Pickford would be available.

Lampard added Dominic Calvert-Lewin's involvement at St Mary's is under consideration as the striker looks to make his first appearance this season, having sustained a knee injury before Everton's league opener against Chelsea in August.

The 25-year-old, who was initially ruled out for six weeks, scored five league goals in 17 appearances during an injury-hit 2021/22 season.

"With Dominic, we're working to make sure he comes back in the best fitness and strength for us, so we'll see on that one," Lampard said.

"We're always searching for the best way to get Dominic fit and keep him fit, because we know the level of player he is, as he's shown here previously."

Everton are 13th in the league standings with seven points from as many games.

MATCH INFO

Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane

MATCH INFO

FA Cup fifth round

Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports

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RESULTS

Cagliari 5-2 Fiorentina
Udinese 0-0 SPAL
Sampdoria 0-0 Atalanta
Lazio 4-2 Lecce
Parma 2-0 Roma
Juventus 1-0 AC Milan

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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UAE currency: the story behind the money in your pockets
While you're here
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

MATCH INFO

RB Leipzig 2 (Klostermann 24', Schick 68')

Hertha Berlin 2 (Grujic 9', Piatek 82' pen)

Man of the match Matheus Cunha (Hertha Berlin

TOUR RESULTS AND FIXTURES

 

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24
July 8: New Zealand v Lions

Updated: September 30, 2022, 6:00 AM