Sport 2000 enters Gulf region with Falaknaz Sports partnership avatar By Marion Deslandes August 24, 2017 With a focus on Europe, which also encompasses Turkey, Sport 2000 is expanding its presence by cracking the Middle East market via a new partnership with Falaknaz Sports.
Dieter Schott, commercial director of Sport 2000, and Muhammad Rafiq Charakla, general manager at Falaknaz Sports Group - Sport 2000
According to the terms of the agreement, the Dubai-based group intends to open 30 stores for Sport 2000 in the Gulf region, between now and 2021. Eleven of these stores will open in the United Arab Emirates, with ten in Saudi Arabia and three in Bahrain. Meanwhile, two will bow in Kuwait and Oman.
"With this new member addition, we are successfully continuing with our global expansion and will be represented for the first time Sport 2000 will be represented outside of Europe," said Margit Rosau, who appointed CEO of the sports trade association last March.
Founded in 1995, Falaknaz Sports is a firm that specialises in the the distribution of sportswear, brands, most notably Asics. It also operates seven multi-brand stores for Emirates Sports Stores. Regarding the new retail venture, Falaknaz intends to "promote popular sports in the Gulf states, namely football, running, and fitness, as well as basketball and tennis," said Muhammad Rafiq Charakla, general manager of Falaknaz Sports Group.
The sporting goods association strengthened its European presence in 2016 by landing in Sweden, Finland and Italy. With a total of 4,154 outlets in 25 countries, it generated a cumulative turnover of 6.9 billion euros in 2016.
Here is some indirect proof that the group is using the Ltds to hold shares of various companies. This was taken directly from the Mensat Gulf Group PLC Annual meeting. And we know that these same entities owned a large percentage of Shala Energy PLC at one time and Balkan Energy Ltd which is described below owned 5.08% of PSPW.
This is proof that they are using the Ltds to own large percentages of multiple companies and that each appear to have been broken up into tiny pieces of ownership and held by an Ltd or individual. This is how they will sell pieces of their ownership if they take their companies public behind the scenes imo or need to raise capital. These 11 Ltds and 6 individuals own 68.92% of the this company which unfortunately had losses of around $250 million. It appears to be in the process of being striked off as the annual reports have not been filed so its accelerated if the debtors do not object.
Mr. AR Falaknaz, Mr. Bruno Benetti, Mr. Riccardo Maggiora, Mr. Patrick Burke (on behalf of 4C controls), Balkan Energy Ltd, Capex Trade & Financial Ltd, Dubai Energy Ltd, Eucap Investment & Capital Ltd, Eurorisk Investment Development Ltd, Ezone Capital Finance Ltd, Fonds Investment Capital Ltd, Provest Capital Trade Ltd, Rayen Business Ltd, Anglo American Trust Co Ltd, Brid Heinl, Heinl Sinead, Tirana Energy Ltd. Together the above represented 68.9828% of the issued voting capital.
And I saved the pdf in case they take down for my own records. GLTA!
Grew Energy PLC and 3Power Energy Projects PLC were also owned by the same individuals and Ltds at one time before they were dissolved or changed into another Ltd.
I am convinced that I am correct in my original guess that the Ltds are being used to hold shares of multiple companies because this proves it, that prior chart proves it linking the old PLCs from 2015-2016 and the PSPW filings showed that Balkan Energy had 5.08% of PSPW; a tiny piece. I am betting that the shares of PSPW are being held in these Ltds but no share exchange agreement has been made yet.
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