RWDM passes into the hands of Crystal Palace, conflict of interest with Waasland-Beveren? – National football team

John Textor, the American businessman, co-owner of Crystal Palace, becomes the majority shareholder of RWDM. What about a conflict of interest with Waasland-Beveren, one of whose Bolt Football Holdings fund owners are linked to the same London club … We are trying to summarize for you.

American businessman John Textor, co-owner of Crystal Palace, becomes the majority shareholder of RWDM, Brussels club D1B announced at a press conference on Wednesday. He would have bought 80% of the shares of the Molenbeek club. The new strongman is carrying this money in his own name and not through his company Facebank Inc. which has won multiple Oscars for visual effects in films, most notably for creating Brad Pitt’s computer-generated face in the film “Benjamin Button. “. Facebank Inc. is one of the sponsors of the Crystal Palace shirt sleeve.

Thierry Dailytoday a minority shareholder, remain president. He will continue to take care of the day-to-day running of the club. “Thanks to this investment, RWDM will be able to continue its professionalization and give itself the means to realize its future ambitions. The arrival of John Textor in the club’s ownership will allow it to develop the level of the current core of the team. , club infrastructure and youth sector development “indicates the RWDM.

“I’ve been looking for an investor in our project for three years”confessed Thierry Dailly again, “but given my needs it was practically impossible to find. Because the man had to combine at least three qualities: being passionate about football, having the desire to connect the club to his social environment in Molenbeek, and also investing in the youth school. Three people in one, more or less, so I was very lucky to meet John. “

John Textor joined Crystal Palace’s holding this summer in August. He had tried to buy 25% of Benfica’s shares before giving up due to corruption issues in the Portuguese league. So he acquired 18% or 40% (sources vary) of Crystal Palace. Steve Parish, Josh Harris And David Blitzer forming the other three major shareholders of Eagles. The last two mentioned are also related to the Philadelphia 76ers NBA franchise.

John Textor, the new strongman of RWDM. © Belgian

The people of Brussels will receive Lommel on 21 January for the resumption of the 1B Pro League championship. In the standings, the club from Molenbeek is in 3rd place in D1B with 23 points in 15 games, behind Westerlo (34) and Waasland-Beveren (24), another club linked to Crystal Palace.

A CONFLICT OF INTEREST IN SIGHT?

The Waesland club also switched to the American flag in 2020. Bolt Football Holdings also owns 97% of the shares in Waasland-Beveren. One of its shareholders, David Biltzer bought 18% of the shares of Crystal Palace in 2015. So is it possible to have two clubs from the same division with owners involved in the same sporting entity? It will take the Lega Pro clarifies the situation because we can already imagine the debates if the two clubs could help each other in view of the promotion among the elites. But on paper, as Textor and Blitzer have invested in Crystal Palace, RWDM and Waasland-Beveren, either in their own name or through their companies, the risks of conflicts of interest should be circumvented by the regulations of the Lega Pro.

“But the two situations are completely different”emphasizes John Textor, also a shareholder, or future shareholder, of Botafogo, Brazil. “Here in Molenbeek I make a personal commitment, without involving other structures besides myself. In Beveren, it is on behalf of his group, Bolt Football Holdings, that Mr. Blitzer invests in Freethiel”

However, the situation remains unhealthy.

Thierry Dailly will continue to take care of the day-to-day running of the club., Belgian
Thierry Dailly will continue to take care of the day-to-day running of the club. © Belgian

AN EIGHTH BELGIAN CLUB LINKED TO THE PREMIER LEAGUE. BUT WHY THIS INTEREST?

After Brexit, English clubs and their shareholders have views on Belgian clubs. The reason is simple. They can no longer offer contracts to players under the age of 18 since their country left the European Union. Premier League clubs are therefore looking for satellite clubs to secure the services of young talent, to get them used to before they are ready to take the step towards the challenging English league. After Brexit, Perfidious Albion clubs must also limit the number of non-English players under the age of 21 to six.

In recent years other Belgian D1B clubs have switched to the British flag. Waasland-Beveren or Lommel, which is in the hands of Manchester City’s City Football Group. The arrival in Limburg of one of the revelations of D1B, Koki Saitovery young Japanese talent, is explained by this new British policy towards young foreigners.

Within the Belgian elite, Beerschot (with Sheffield United), Ostend (with Barnsley), Kortrijk (with Cardiff City), OH Louvain (with Leicester City) and of course the leader of Union Saint-Gilloise (with Brighton ) are proven British Isles club partners.

American businessman John Textor, co-owner of Crystal Palace, becomes the majority shareholder of RWDM, Brussels club D1B announced at a press conference on Wednesday. He would have bought 80% of the shares of the Molenbeek club. The new strongman is carrying this money in his own name and not through his company Facebank Inc. which has won multiple Oscars for visual effects in films, most notably for creating Brad Pitt’s computer-generated face in the film “Benjamin Button. “. Facebank Inc. is one of the sponsors on the sleeve of the Crystal Palace shirt, Thierry Dailly, now a minority shareholder, remains president. He will continue to take care of the day-to-day running of the club. “Thanks to this investment, RWDM will be able to continue its professionalization and give itself the means to realize its future ambitions. The arrival of John Textor in the club’s ownership will allow it to develop the level of the current core of the team. , the club infrastructure and the development of the youth sector, “indicates the RWDM. “I have been looking for an investor in our project for three years,” admitted Thierry Dailly, “but given my needs it was practically impossible to find. Because the man had to combine at least three qualities: being passionate about football, having the desire to connect. the club to his social environment in Molenbeek, and also be involved in the school for young people. Three people in one, in a way, and so I was very lucky to fall in love with John .. “John Textor joined the participation of Crystal Palace this summer in August. He had tried to buy 25% of Benfica’s shares before giving up due to corruption issues in the Portuguese league. So he acquired 18% or 40% (sources vary) of Crystal Palace. Steve Parish, Josh Harris and David Blitzer form the other three major shareholders of the Eagles. The last two mentioned are also linked to the NBA franchise of the Philadelphia 76ers. The people of Brussels will host Lommel on January 21 for the resumption of the 1B Pro League championship. In the standings, the club from Molenbeek is in 3rd place in D1B with 23 points in 15 games, behind Westerlo (34) and Waasland-Beveren (24), another club linked to Crystal Palace. CONFLICT OF INTEREST IN VIEW Also in 2020 the Waesland club went under the American flag. Bolt Football Holdings also owns 97% of Waasland-Beveren shares. One of its shareholders, David Biltzer, bought 18% of the shares of Crystal Palace in 2015. So is it possible to have two clubs from the same division with owners involved in the same sporting entity? The Lega Pro will have to clarify the situation because we can already imagine the debates if the two clubs could help each other in view of the promotion among the elites. But on paper, having Textor and Blitzer invested in Crystal Palace, RWDM and Waasland-Beveren, either in their own name or through their companies, the risks of conflicts of interest should be circumvented by Pro League regulations. “But the two situations are completely different,” said John Textor, also a shareholder, or future shareholder, of Botafogo, Brazil. “Here in Molenbeek I make a personal commitment, without involving any structure other than myself. In Beveren, it is in the name of his group, Bolt Football Holdings, that Mr. Blitzer invests in Freethiel”, however, it is no less unhealthy After Brexit, English clubs and their shareholders have set their sights on Belgian clubs. The reason is simple. They can no longer offer contracts to players under the age of 18 since their country left the European Union. Premier League clubs are therefore looking for satellite clubs to secure the services of young talent, to get them used to before they are ready to take the step towards the challenging English league. After Brexit, Perfidious Albion clubs must also limit the number of non-English players under the age of 21 to six. In recent years other Belgian D1B clubs have switched to the British flag. Waasland-Beveren or Lommel, which is in the hands of Manchester City’s City Football Group. The arrival in Limburg of one of the revelations of D1B, Koki Saito, a very young Japanese talent, is also explained by this new British policy towards young foreigners. Within the Belgian elite, Beerschot (with Sheffield United), Ostend (with Barnsley), Kortrijk (with Cardiff City), OH Louvain (with Leicester City) and of course the leader of Union Saint-Gilloise (with Brighton) are proven British Isles club partners.

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