Britain’s second richest person leaves for Monaco amid tax bite Wealth Britain’s second richest person has left Britain for Monaco where billionaires can avoid paying income tax, inheritance tax or capital gains tax, according to reports. David Reuben, who also partly owns Newcastle United alongside Saudi Arabia’s Public Investment Fund, is joining his brother Simon in the principality, The Sunday Times reported. The two brothers were [...]
Newcastle United’s Saudi owners in town for stadium discussions Sport Business Newcastle United’s Saudi Arabian owners are on Tyneside this week to discuss the future of St James’ Park and plans for a £100m boost. Whether the Premier League club redevelop their famous ground or build a new one in the adjacent Leazes Park remains a contentious point for the club’s ownership and fanbase. But a [...]
London’s latest luxury hotel and club set for former royal residence Hospitality A historic landmark in London's Mayfair, which used to be a royal residence, is set to open as a new luxury hotel next year, it has been confirmed.