A new £6.8 billion landmark deal has been agreed to officially place ASDA into the ownership of billionaire Issa brothers from Blackburn.
The reported multi-billion deal will see the supermarket chain under British ownership after 20 years.
Previous American-owner Walmart has accepted an offer from a consortium of Zuber and Mohsin Issa – of EG Group – and private equity firm TDR Capital, which meaning the supermarket chain will be majority owned by UK firms for the first time since 1999.
Roger Burnley – Chief Executive Officer of ASDA – said: “This new ownership opens an exciting new chapter in ASDA’s long heritage of delivering great value for UK shoppers.
“With our combined investment, expertise and ambition, ASDA, Walmart, the Issa brothers and TDR have an incredible opportunity to accelerate our existing strategy and develop an even more exciting offer for our customers as well as strengthen our business for our colleagues.
“In a constantly changing retailing environment, our new ownership will further enhance our resilience, whilst creating significant, additional opportunities to drive growth.
“For ASDA colleagues, a strong and growing business is important for our long-term future.”
EG Group / Issa Brothers
Mohsin and Zuber Issa started out in a garage which their dad – who had worked in a woollen mill – bought and branched out on their own by first renting a petrol station for two years, then in 2001 buying their first forecourt – a derelict freehold site in Bury – and formed Euro Garages.
The EG Group now has almost 6,000 sites across 10 countries, from the UK to the US and Australia. It runs outlets for Greggs, Starbucks and KFC, and employs 44,000 people.
In 2017, the EG Group also bought 77 Little Chef roadside restaurants.
Speaking on the ASDA deal, Mohsin and Zuber Issa said: “We are very proud to be investing in ASDA, an iconic British business that we have admired for many years.
“ASDA customer-centric philosophy, focus on operational excellence and commitment to the communities in which it operates are the same values that we have built EG Group on [and ASDA’s] performance through the COVID-19 pandemic has demonstrated the fundamental strength and resilience of the business,
“We are excited to support Roger and his team as they continue to reposition the business to drive long-term growth.”
Zuber continued: “We grew [the EG Group] from nothing. We’ve been on the pumps, we’ve been stocking the shelves, cleaning the toilets. You do everything, and once you do the foundation work, it’s no different wherever you go in the world.
“It’s a petrol station – you’re selling fuel, you’re selling coffee, you’re selling convenience.”
Trending
Manchester United announce another big signing with Benjamin Šeško swoop
Danny Jones
Manchester United have confirmed a third big signing of the summer transfer window after seemingly swooping in to hijack a deal for Benjamin Šeško from a fellow Premier League team.
While perhaps not direct rivals, Man United look to have virtually snapped up highly sought-after Slovenian striker, Šeško, from the jaws of Newcastle, who appeared to be getting closer to sealing a deal following a second bid.
Roughly a week later, Ruben Amorim now has another attacking option to choose from, with Šeško arriving at Old Trafford on a deal worth reportedly upwards of £73.3 million.
Signing a five-year deal with the club, Šeško will earn around £160,000 a week when it comes to wages, with his contract also including potential add-ons, according to Sportklub writer Rok Viškovič.
United are said to be paying an initial fee of £66.3m, with the super-fast forward supposedly having made it clear that he preferred a move to United once he was made aware of their interest.
After the news broke of an agreement being reached, it didn’t take long for people to start tracking his equally quick turnaround flight, with the towering Bundesliga prospect – who clocks in at the same height as soon-to-be Man City rival, Erling Haaland – travelling to Manchester Airport on Thursday evening.
In fact, speaking of Haaland, a recently resurfaced quote should give fans plenty of food for thought ahead of his debut in red.
As the player with the most goals scored – 39, to be specific – of any player under 23 since he arrived in Germany in the middle of the 22/23 season, it’s no surprise that United moved quickly on the deal to bring Šeško to the English top flight.
With his medical believed to have been conducted that same night, his official unveiling as an MUFC player on Friday, 8 August, sees INEOS’ spending so far this season tip over the £200m mark, even despite having recorded their worst domestic finish in the modern era in the previous campaign.
Should the add-ons in the roughly £71m deal for Bryan Mbuemo, not to mention the approximately £62.5m and nearly £7m outlay (all possible bonuses considered) for young defender Diego Leon, materialise over the course of the next year or so, that figure is more like £215m.
They’re not messing around.
Manchester United's new front three in all competitions last season:
Benjamin Sesko: 🏟 45 games ⚽️ 21 goals 🅰️ 6 assists
Šeško will be presented in front of the Old Trafford faithful before their final 25/26 pre-season game against Fiorentina, where a special presentation will also be held in honour of former goalkeeper, David de Gea.
What do you make of Amorim‘s latest signings, and how well do you think Šeško is going to take to life in the most competitive league in the world?
Perhaps more importantly, what might it mean for some existing players?
Featured Images — Manchester United/Wikimedia Commons
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My Chemical Romance fans are losing it as emo favourites appear to tease UK tour
Danny Jones
American alt-rock and emo favourites My Chemical Romance aren’t just back for one last Black Parade; it looks like they might be heading to the UK for more tour dates.
Not just a phase, never was.
My Chemical Romance (an entirely different kind of MCR) made yet another mighty return to the fore earlier this year, nearly two whole decades on from the release of the seminal album, which dropped in 2006 and has now been toured live again by the New Jersey band.
Playing the album IN FULL for the first time in years, they’ve been busy in North America delighting die-hard crowds, but now a recent teaser has got My Chem fans gearing up for UK and Ireland shows.
As you can see, MCR released the somewhat cryptic comedy sketch above, in which they seem to spoof a gameshow centred around a robot named ‘Quizzo’.
The host of this fictional programme goes on to explain that the result will determine “who will be the next lucky country to win the grand prize of one nuclear winter.”
It might only last for a few seconds, but the main takeaway is that the ‘who’ selected as the recipient of this upcoming prize is none other than the United Kingdom.
Combine that with a simple caption that reads, “Let’s show them what they’ve won”, it’d be hard not to jump to the conclusion that we Brits are about to pretend we’re ‘Teenagers’ again and chant ‘Na Na Na’ until our lungs give out.
In the time since the post went live, fans on this side of the pond have understandably started getting very excited…
My Chemical Romance are coming back to the UK… For the 1st time since 2022 when we all thought it would be the last hurrah…#MCRpic.twitter.com/vHWO5mK89j
At first, some were wondering whether this year’s revival might have also seen the resurrection of their much-mythologised but ultimately scrapped 2019 record, The Paper Kingdom, but it seems pretty much nailed on that their transatlantic followers are about to get some gigs.
It remains unclear whether these still TBC dates will be an extension of the current ‘Long Live The Black Parade‘ tour, which began on 11 July, or something new entirely.
Either way, with this current run of shows due to end in September and hints at a ‘nuclear winter’, it’s a fair assumption to guess that My Chemical Romance will be coming to the UK either later this year or early 2026 – and you bank on a big Manchester booking to be thrown in there too.
The Manc -
2nd October 2020 
