Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR

Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR
Bob Jenkins, owner of Front Row Motorsports and co-owner Michael Jordan, of 23XI Racing, pose before a NASCAR Cup Series auto race at Talladega Superspeedway Sunday in Talladega, Ala. (AP)
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Updated 08 October 2024
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Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR

Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR
  • Jordan said before the race the lawsuit is on behalf of all Cup Series teams; 13 organizations signed the charter agreement, with 23XI and Front Row the only holdouts
  • NASCAR’s court response could come as early as this week ahead of Sunday’s playoff elimination race at Charlotte Motor Speedway

TALLADEGA, Alabama: Michael Jordan arrived at Talladega Superspeedway about 30 minutes before the start of the playoff race and made his way directly to Bubba Wallace’s pit stand for a quick visit with his guys.

The NBA great eventually made his way down pit road to Tyler Reddick’s stand, where he sat on the wall and waited for Front Row Motorsports owner Bob Jenkins. Both NASCAR team owners have refused to sign NASCAR’s charter agreement and last week filed a federal antitrust lawsuit against the stock car series.

The brief exchange Sunday was planned as a show of solidarity by the only two teams that chose not to accept NASCAR’s terms for its new revenue-sharing model. 23XI Racing and Front Row want a jury to decide if NASCAR is, indeed, “monopolistic bullies” as the suit alleges.

Jordan said before the race the lawsuit is on behalf of all Cup Series teams; 13 organizations signed the charter agreement, with 23XI and Front Row the only holdouts. Many team owners have said they signed on deadline and under threat of having the entire charter system revoked.

“I think everybody should have an opportunity to be successful in any business and my voice is saying it hasn’t been happening,” Jordan told Fox Sports.

He said he had no intention of speaking with NASCAR chairman Jim France, who is named in the suit, while in Talladega over the weekend.

The legal battle has become the biggest talking point in NASCAR in the middle of its playoffs as the entire industry waits to see what happens next. NASCAR has declined to comment and France declined to discuss it at Talladega. NASCAR’s court response could come as early as this week ahead of Sunday’s playoff elimination race at Charlotte Motor Speedway.

Michael McDowell, who won the pole for Sunday’s race for Front Row, defended Jenkins’ decision to battle NASCAR. McDowell decided months ago he was leaving the team he’s driven for since 2018 at the end of the season, but is supportive of what Jenkins and 23XI are trying to accomplish.

“Bob Jenkins is so dedicated to this sport,” McDowell said. “He has spent millions and millions and millions and millions and millions of his own dollars to be in this sport and to be competitive. Nobody does that unless they’re insane or super passionate.

“He’s passionate about our race team and being competitive. It’s been a steady progression and I feel like we’re at a point now where we’re a contender,” McDowell continued. “There is nobody spending what we spend and performing how we perform. Nobody. And if he has to spend his own money, there is a problem.”

Denny Hamlin, who co-owns 23XI Racing with Jordan and Curtis Polk, also defended taking the fight to court.

“It’s been stated in statements by Michael Jordan that he loves NASCAR,” Hamlin said. “We’ve obviously invested heavily in NASCAR and reinvested what I got out of this sport as a driver back into it as an owner. Certainly, we love the sport, just would love to see change as well.”

Asked if he thinks NASCAR has any appreciation for what Hamlin — who as a Charlotte Hornets season ticket-holder developed a relationship with Jordan and then persuaded Jordan to start a NASCAR team with him — and 23XI have done for the sport, Hamlin took a long pause.

“Probably not,” he finally answered.

Jordan is the highest-profile team owner in NASCAR, and one of only two who are Black. 23XI also has one of the most diverse teams in the garage, from driver Wallace to crew members and non-competition employees.

The lawsuit has raised another concern around the garage: Team owner Richard Childress said he was not sure if the agreement he signed is the same terms that, say, Hendrick Motorsports received — and if 23XI and Front Row eventually reach an agreement with NASCAR will organizations that have already signed be guaranteed the same terms?

“I don’t know what’s going to happen because it’s just so unprecedented in our sport,” Trackhouse Racing owner Justin Marks said. “There’s no historical precedent. I think in other cases like this, in other sports, you have collective bargaining unions. So it’s just a very, very different setting. I think we have a blank slate and we can land anywhere. I think whatever comes out of this, I have to believe that it should affect everybody the same.”


Cenomi Centers launches SR1bn fund with GIB Capital to develop Qassim mall

Cenomi Centers launches SR1bn fund with GIB Capital to develop Qassim mall
Updated 25 sec ago
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Cenomi Centers launches SR1bn fund with GIB Capital to develop Qassim mall

Cenomi Centers launches SR1bn fund with GIB Capital to develop Qassim mall

Cenomi Centers, the owner, operator and developer of retail and lifestyle destinations in Saudi Arabia, has announced a strategic partnership with GIB Capital, a prominent player in the financial and investment services sector, to establish a closed-end Shariah-compliant real estate investment fund with an initial capital of SR1 billion ($266.2 million). The fund will facilitate the Qassim land sale program and develop the U Walk Qassim mall, which is part of a 1-million-square-meter mixed-use Tijan scheme located in Buraidah in the Qassim region of Saudi Arabia.

The fund will develop and market the surrounding lands for residential, offices and leisure purposes, aligning with its ambitious investment vision for the region. The fund will also sign partnership agreements with leading real estate developers for the purpose of developing lands within the masterplan. The land benefits from its geographic location at the intersection of major routes, including King Abdulaziz Road, which connects various parts of the city of Buraidah, which is attracting significant wider investment and urban development. 

The land sale is part of Cenomi Centers’ strategic SR2 billion non-core assets sale program initiated in 2022 to strengthen the company’s financial position and fund its growth pipeline. Approximately SR400 million is estimated to complete the U Walk Qassim mall development. The projected annual revenue from the mall, once stabilized, is around SR80 million. 

Following the establishment of the fund, which is subject to the Capital Market Authority’s approval, GIBC will assume the role of fund manager to facilitate the sale of the Qassim land and assist in securing the funds required for the U Walk Qassim development. Cenomi Centers will be the sole unit holder of the fund and will contribute to the fund with assets in-kind, along with any hard and soft costs incurred to date. Construction of the mall is anticipated to resume in December and complete in Q4 2026. Cenomi Centers will manage and operate the 60,000-square-meter gross leasable area of U Walk Qassim on completion, which will include over 135 retail stores. 

Alison Rehill-Erguven, CEO of Cenomi Centers, said: “Partnering with GIB Capital to create a new fund to bring forward U Walk Qassim and deliver on our SR2 billion non-core asset sales program, demonstrates the company’s continued success at forming strategic financing solutions to drive our company’s future growth. Cenomi Centers is maximizing the opportunities of operating in the attractive Saudi market. The year 2024 will see three projects under construction including the flagship developments Jawharat Riyadh and Jawharat Jeddah, along with U Walk Qassim, ensuring we are on track to reach 2 million square meters of total GLA by end of 2027.”

Osamah Shaker, CEO of GIB Capital, said: “Our partnership with Cenomi Centers in the U-Walk Qassim Fund represents an important step toward achieving the company’s goals in financing its strategic projects. This fund also reflects our capabilities in providing innovative financial solutions. This investment supports sustainable growth in the Qassim region and reinforces our commitment to improving the business landscape in the Kingdom of Saudi Arabia.”


Turkish lawmakers discuss Mideast in closed session after Erdogan’s Israel claim

Turkish lawmakers discuss Mideast in closed session after Erdogan’s Israel claim
Updated 1 min 7 sec ago
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Turkish lawmakers discuss Mideast in closed session after Erdogan’s Israel claim

Turkish lawmakers discuss Mideast in closed session after Erdogan’s Israel claim
Israel has also not commented publicly on Tuesday’s closed-door parliamentary session in Ankara
Foreign and defense ministers made presentations at the closed-door session on the risk of the conflicts in Gaza and Lebanon widening further

ANKARA: Turkiye’s lawmakers held a closed-door session on Tuesday to discuss the spread of war in the Middle East, a week after President Tayyip Erdogan made an unsubstantiated claim that Israel eventually aimed to encroach on Turkish territory.
Israel has not publicly responded to Erdogan’s claim, which analysts and opposition lawmakers say is far-fetched and is intended primarily to deflect public attention away from Turkiye’s economic woes.
Israel has also not commented publicly on Tuesday’s closed-door parliamentary session in Ankara, which is titled “Israel’s occupation of Lebanon and developments in the region.”
Foreign and defense ministers made presentations at the closed-door session — which was requested by the opposition — on the risk of the conflicts in Gaza and Lebanon widening further.
NATO member Turkiye is among the world’s sharpest critics of what it calls Israel’s illegal and reckless wars with armed groups Hamas and Hezbollah. It halted trade with Israel and applied to join a genocide case against it at the World Court.
Israel rejects the genocide case and Turkiye’s criticism, saying it is locked in an existential struggle with militant Islamist groups backed by Iran that are sworn to Israel’s destruction.
Last week Erdogan told parliament that Prime Minister Benjamin Netanyahu was acting out his dream of a “utopia” and “promised land” for Israel.
“After Lebanon, the next place on which Israel will set its eyes will be our homeland,” he told parliament’s opening session, attended by dozens of foreign ambassadors and his cabinet, without providing evidence.

CHAOS AT BORDERS
Devlet Bahceli, leader of Erdogan’s main ally MHP, said on Tuesday it was “likely that chaos in neighboring countries will reach our borders and that Israel will harass Turkiye” in the near future.
But Ozgur Ozel, leader of the main opposition Republican People’s Party (CHP), dismissed such talk.
“It’s unreasonable to think Netanyahu will conduct an assault on Turkiye, which is a NATO member and has a great army,” Ozel told his party.
Later, after hearing the ministers’ presentation, Ozel said he had not been convinced by them about any alleged Israeli threat against Turkiye.
“They didn’t say anything that we don’t know,” he said, reiterating his view that Erdogan had raised the issue in order to stop Turks focusing on “unemployment, inflation, poverty and high prices.”
Polls show Turks strongly back the government’s hard line on Israel.
Some Turkish protesters in recent days — marking the anniversary of the beginning of the war on Oct. 7, 2023, when Hamas attacked Israel — demanded that Erdogan take more action.
Critics have raised questions over whether Turkiye is still effectively shipping goods to Israel despite the May trade ban, given official data show exports to Palestinian territories have leapt six-fold so far this year.

Pakistan reports four new polio cases, appeals to parents to get children inoculated

Pakistan reports four new polio cases, appeals to parents to get children inoculated
Updated 14 min 28 sec ago
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Pakistan reports four new polio cases, appeals to parents to get children inoculated

Pakistan reports four new polio cases, appeals to parents to get children inoculated
  • The South Asian country plans to launch a nationwide polio vaccination campaign from Oct. 28 to vaccinate over 45 million children
  • A major initiative is also underway in targeted districts to vaccinate children who missed doses against polio, other childhood diseases

ISLAMABAD: Pakistan has reported four new cases of poliovirus as an outbreak of the disease continues to expand, the country’s polio program said on Tuesday, with health officials appealing to parents to get their children vaccinated against the crippling disease.
A laboratory for polio eradication at the National Institute of Health in Islamabad confirmed the detection of wild poliovirus type 1 (WPV1) in two children in the Jacobabad district and one child in Malir district of the Sindh province and one more in Khyber Pakhtunkhwa’s Dera Ismail Khan district, bringing the nationwide tally to 32 this year.
In a statement, Ayesha Raza Farooq, the prime minister’s focal person for polio eradication, urged parents and caregivers to fulfil their duty and ensure their polio vaccination when polio teams visit their homes from October 28 in a nationwide campaign to vaccinate more than 45 million children.
“This should be a wake-up call for all parents and communities. Every paralytic polio case means there are hundreds of children who are silently affected by poliovirus and are potentially carrying and spreading it throughout their communities,” she said.
“Today, every child is at risk, and it is unfortunate that children are facing the real consequences of missing vaccination because of misguided decisions and misperceptions about the vaccine.”
Anwarul Haq, coordinator of the National Emergency Operations Center for polio eradication, said the WPV1 virus had been detected in sewage samples of all the above districts, indicating that the virus was widely circulating across the country. 
“Our team from the National Emergency Operations Center is fully engaged and supporting both provinces [Sindh and Khyber Pakhtunkhwa] in their response to the outbreak,” he said.
“We are conducting joint case investigations, preparing to implement high quality vaccination rounds and providing high-risk communities with integrated health service delivery to build children’s immunity.” 
There is no cure for polio, and paralysis caused by an infection is irreversible, according to the Pakistan polio program. Apart from the nationwide polio campaign from October 28, a major initiative, led by the expanded program for immunization, is also underway in targeted districts to vaccinate those children against 12 childhood diseases, including polio, who have missed their doses or have not completed their vaccination course.
Pakistan and Afghanistan are the only two countries where polio remains an endemic. Since late 2018, Pakistan has seen a resurgence of cases and increased spread of poliovirus, highlighting the fragility of gains achieved in the preceding three years.


Chinese cinemas to showcase Saudi films for the first time

Chinese cinemas to showcase Saudi films for the first time
Updated 20 min 58 sec ago
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Chinese cinemas to showcase Saudi films for the first time

Chinese cinemas to showcase Saudi films for the first time
  • Special screenings from Oct. 21-26 in Beijing, Shanghai and Suzhou follow similar events in Morocco and Australia

RIYADH: A series of Saudi Film Nights will take place in China, the world’s largest cinema market, for the first time this month to showcase movies from the Kingdom. It follows similar events in Morocco and Australia.

The special screenings, organized by the Saudi Film Commission, will run from Oct. 21-26 in Beijing, Shanghai and Suzhou, before the films go on general release in Chinese theaters. The diverse selection of films includes features and shorts, and the screenings will be accompanied by discussions with filmmakers, the Saudi Press Agency reported.

This initiative reflects the commission’s efforts to develop and grow the Saudi film industry, highlight local talent, and promote cultural exchanges and collaborations.


US slaps sanctions on Sudan paramilitary leader

US slaps sanctions on Sudan paramilitary leader
Updated 44 min 11 sec ago
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US slaps sanctions on Sudan paramilitary leader

US slaps sanctions on Sudan paramilitary leader
  • Algoney Hamdan Dagalo Musa was sanctioned “for his involvement in RSF efforts to procure weapons and other military materiel,” State Department spokesman Matthew Miller said
  • His actions have fueled war in Sudan “and brutal RSF atrocities against civilians”

WASHINGTON: The United States on Tuesday announced sanctions against a senior leader in war-torn Sudan’s Rapid Support Forces (RSF) for his role in obtaining weapons for the paramilitary organization.
Tens of thousands of people have died and millions have been displaced since war broke out in April 2023 between Sudan’s army and the RSF after their head generals refused a plan to integrate.
Algoney Hamdan Dagalo Musa was sanctioned “for his involvement in RSF efforts to procure weapons and other military materiel that have enabled the RSF’s ongoing operations in Sudan,” State Department spokesman Matthew Miller said in a statement.
His actions have fueled war in Sudan “and brutal RSF atrocities against civilians, which have included war crimes, crimes against humanity, and ethnic cleansing,” Miller said.
The US Treasury said that as a result of such sanctions “all property and interests in property of the designated persons... that are in the United States or in the possession or control of US persons are blocked and must be reported.”
The United States has led diplomatic efforts to stop the fighting in Sudan but has seen limited success and leverage, with RSF commanders unlikely to hold major assets in the West that would be affected by sanctions.