Benefactor: Sheikh Mohammed is funding the task force responsible for cleaning up the sport of endurance racing Photo: EPABy Pippa Cuckson5:32PM BST 11 Apr 2014Comments Sheikh Mohammed, whose Dubai stables are at the centre of the doping and injuries crisis engulfing endurance racing, is funding the task force responsible for cleaning up the sport, the International Equestrian Federation (FEI) has confirmed. Two of the six task force members – lawyer Andrew Holmes and Mohammed Essa Al Adhab – are close to the Sheikh.
This follows media pressure on the FEI to clarify its statement earlier this week that Sheikh Mohammed – whose family’s stables have provided more than 24 doping cases – had offered “full support” for the drastic new measures, after meeting FEI personnel on March 30.
Other observers have inferred the FEI had no jurisdiction over Dubai equestrian sport without the Sheikh’s permission. He is the world endurance champion and husband of FEI president Princess Haya.
In a further twist, while task force funding is apparently not perceived as a conflict of interest, the FEI announced he had withdrawn Meydan’s sponsorship from the World Equestrian Games this August.
He pointed out that “Meydan [a commercial corporation] is the regulator in Dubai for various equine-related matters and that so long as it remains a regulator it would be prudent for it to withdraw its sponsorship”. Sheikh Mohammed’s office has sourced an alternative backer, the Bangalore-based SOBHA Group.
The FEI is scrambling to demonstrate action before April 29, when the endurance strategic planning group is due to present its final recommendations in Lausanne and federations vote on a statute change, permitting Princess Haya to stand for a third term.
Haste may also result from anticipation that the French TV channel Equidia is broadcasting a programme on Saturday night understood to contain further damaging revelations. There is further evidence the Lausanne-based headquarters of the FEI is struggling to cope, as it is now referring media inquiries about integrity to Shimon Cohen, publicist for Lord Stevens’s intelligence services company, Quest.
Quest is still investigating evidence, provided by The Daily Telegraph on March 7, that Sheikh Mohammed’s son Sheikh Hamdan rode a “ringer” at the 2012 World Championships.
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Blue Ridge Cos. buys four Greensboro retail centers for $6.
David Couch is CEO of High Point-based developer Blue Ridge Cos. An entity managed by Blue Ridge has purchased four retail strip centers in Greensboro for $6.88 million.
Email | Twitter | Google+ | LinkedIn An entity managed by High Point-based developer Blue Ridge Cos. has acquired four retail strip centers in Greensboro for $6.88 million.
BRC Greensboro Retail LLC purchased the 14,839-square-foot Shops at Kirkwood at 2415 Lawndale Dr.; the 10,400-square-foot Stanley Road Shops at 1622 Stanley Road; the 20,491-square-foot Shops on the Curve at 1627 Stanley Road; and the 33,350-square-foot Guilford Station Shoppes at 5529-555 W. Market St., all of which are located in Greensboro.
Combined, the four properties total 79,080 square feet.
The $6.88 million purchase closed on March 31, according to public record. NAI Piedmont Triad had listed the properties for $8.2 million.
Also in Guilford County, Blue Ridge is planning 65 upscale homes on 217 acres in an unfinished Oak Ridge subdivision, as I exclusively reported last month.
Blue Ridge Cos. lists land for development at High Point’s Palladium at Deep River, as well as land along Eastchester Drive and Skeet Club Road. Other property listings are located in Charlotte, Wilmington, Hattiesburg, Miss. and Spartanburg, S.C.
David Couch, Blue Ridge CEO, and Chris Dunbar, Blue Ridge president, were not immediately available for comment.
Catherine Carlock covers commercial and residential real estate, construction, economic development and retailing and restaurants. Contact her at (336) 370-2918.
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