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Lufthansa Technik buy pushes Jordan firm turnover to €132m

Businessman Patrick Jordan, who owns the Atlantic Aviation Group aircraft maintenance business and telecoms services firm Secto, saw combined turnover at his ventures soar 75pc to €131.7m last year as it completed the acquisition of Lufthansa Technik Shannon.

PGA Tour works toward equity ownership for players

PGA Tour works toward equity ownership for players
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PGA Tour parsing private investment deals as the clock ticks on its Saudi deal

PGA Tour parsing private investment deals as the clock ticks on its Saudi deal

The PGA Tour has created a program that would give players equity ownership in a new commercial enterprise, provided it finalizes a deal with Saudi Arabia's national wealth fund and five other private groups that want to invest. Commissioner Jay Monahan laid out the proposal in a memo to players on Tuesday, which followed a board meeting where tour officials reviewed some of the proposal. Monahan said the board reviewed the bids from private investors and would keep negotiating to select finalists.

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