FT News Briefing Friday, December 6
Dec 6, 2019
Dive into the intriguing world of political advertising in the UK, where dark money raises questions of transparency. Discover CVC Capital Partners' ambitious plans for global football tournaments. Learn about Uber's sobering safety report, revealing troubling statistics about incidents. Also, explore the dramatic impeachment proceedings against Donald Trump and the monumental $25.6 billion IPO of Saudi Aramco, showcasing the kingdom's investment strategy amid OPEC's considerations on oil production. It's a whirlwind of politics and finance!
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Dark Money in UK Elections
- Shadow political campaigns spent over £500,000 on digital ads during the first month of the UK election.
- This spending, double that of the Conservative Party, raises transparency concerns due to unclear affiliations.
Capitalist Worker Example
- The "Capitalist Worker" group campaigns against the Labour Party, claiming to defend British citizens' freedom and property.
- Investigation reveals links to a Brexit Party MEP and a pro-Brexit lobby group, highlighting obscured political ties.
Private Equity in Football
- CVC Capital Partners is in talks with FIFA and Real Madrid about creating new global football tournaments.
- This move follows a trend of private equity investment in sports, like Silver Lake's deal with Manchester City's parent company.