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Dec122020 by adminNo Comments

McLaren sells big stake in F1 team to consortium in £560m deal

Business

A consortium of US-based investors is close to buying a big stake in the McLaren Formula One (F1) team in a deal that will value the historic British racing outfit at more than £550m.Sky News can exclusively reveal that MSP Sports Capital, whose partners have had extensive involvement in Major League Baseball, American basketball and European football, is leading a group that will inject £185m into McLaren Racing over a two-year period. The deal could be announced as early as Sunday, according to sources, coinciding with McLaren's most important F1 race for years.The team's drivers - Lando Norris and Carlos Sainz - qualified for the Abu Dhabi Grand Prix in fourth and sixth places respectively, giving them the chance to clinch third place in the constructors' championship for the first time...

Dec82020 by adminNo Comments

Virgin Atlantic sells Dreamliners to aid post-COVID recovery bid

Business

Sir Richard Branson's Virgin Atlantic Airways is selling two of its newest aircraft to raise tens of millions of pounds that will help it to navigate through the bleakest winter in the recent history of commercial aviation.Sky News has learnt that the carrier, which concluded a £1.2bn rescue deal during the summer, is to receive a "cash enhancement" of up to £70m by selling and leasing back a pair of Boeing 787 Dreamliners. The deal, which was confirmed by the airline following an enquiry from Sky News on Tuesday evening, is with Griffin Global Asset Management, an aircraft lessor operated with the backing of buyout firm Bain Capital. Image: Virgin Atlantic has secured a £1.2bn rescue and shed thousands of jobs in the wake of coronavirus disrupt...

Jun212020 by adminNo Comments

Kurt Cobain’s guitar sells for more than $6M at auction

Entertainment

June 21 (UPI) -- The guitar late rock star Kurt Cobain used during his band Nirvana's 1993 MTV Unplugged show sold for more than $ 6 million this weekend, Julien's Auctions announced. The instrument was sold as part of Julien's "Music Icons" auction at Julien's Beverly Hills location and online. Advertisement "SOLD for $ 6,010,000! A new world record for a guitar! Kurt Cobain's guitar used with Nirvana's MTV Unplugged!" the company tweeted on Saturday. Julien's said on its website that Cobain bought the 1959 Martin D-18E at Voltage Guitars in Los Angeles. The musician fatally shot himself in 1994. He was 27. Nirvana was integral to the grunge music movement in the 1990s. The band's hit songs include "Smells Like Teen Spirit," "Heart Shaped Box" and "Come As You Are." Among the other Nirva...

May222020 by adminNo Comments

Harry Potter first edition found in skip sells for £33,000

Entertainment

A first edition Harry Potter book has sold for £33,000 at auction - after being found in a skip.The rare hardback copy of Harry Potter and the Philosopher's Stone was salvaged from the skip at a Buckinghamshire school, and was sold with four other novels from the series that were also discovered dumped. Two Philosopher's Stone paperback first editions went for £3,400 and £3,000 respectively.And first edition copies of the Chamber of Secrets and the Prisoner of Azkaban made £360. Image: The second and third books in the series also sold in the auction. Pic: Hansons Due to coronavirus restrictions, bidders took part in the international auction by phone and online. ...

May102020 by adminNo Comments

‘Shoeless’ Joe Jackson baseball card from 1910 sells for $492K at auction

Sports

May 8 (UPI) -- A "Shoeless" Joe Jackson baseball card from 1910 sold at auction for $ 492,000 this week. The card is from a set called T210 Old Mill, which featured minor league players from around the country. The item depicts Jackson during his stint with the Double-A New Orleans Pelicans. Heritage Auctions said the bidding for the rare card ended Thursday night. The winning bidder's identity wasn't revealed. "After 110 years in the same North Carolina family, we were glad to help find it a proud new owner," Chris Ivy, Heritage's director of sports auctions, told ESPN on Friday. Ben Foster and his father, Hayes, sold the card after discovering it in a metal lunch pail in an unfinished room in the back of his law office more than a decade ago, according to ESPN. The cards that were fou...