Sky Takes Majority Stake In At The Races Manohar Persuaded To Stay At ICC Helm Portsmouth CEO Warns Fans ECB Asks Counties To Vote For Change Australian Rugby Faces Cash Crunch Executive Transactions Emma Lax Creates We Are Disrupt Everton's New Stadium Could Host CWG Top Premier League Clubs Plot Reform Ritchie Backs Condensed Six Nations
SBD Global/June 20, 2013/FacilitiesPrint All
Qatar's "money-no-object drive to establish themselves as a global sporting super power" even extends to spending £500,000 ($774,000) decorating a hospitality box at England's Royal Ascot racecourse, according to Charles Sale of the London DAILY MAIL. Qatar Racing Ltd., headed by Sheik Fahad Al Thani, has "become one of the biggest investors in British racing over the last two years." The Qataris demonstrated their "enormous wealth by lavishly fitting out their facility on the fifth floor of the Ascot grandstand, where they could celebrate winning the Windsor Castle Stakes on Tuesday." An Ascot spokesperson said that owners of the big corporate boxes, who include John Magnier’s Coolmore and Sheik Mohammed’s Godolphin, "are allowed to make their areas as bespoke as they want." However, the Qataris have taken renovations, including shipping in paintings and furniture, "to a whole new level, indicating that cost is practically irrelevant in building the country’s sporting status" (DAILY MAIL, 6/19).