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JUST IN: Ayodeji Oseni, Chairman Of IMG Is Dead—-Industrial and Medical Gases Nigeria Plc (IMG), has announced the death of its chairman, board of directors, Mr Abiodun Alabi.

Mr Ayodeji Oseni, the Managing Director, IMG, made this known in a statement signed by its secretary, Mrs Aderonke Segun-Alabi, in Lagos.

According to the statement, the company’s chairman passed away on Friday.

Oseni said the company’s board shall elect an acting Chairman as the need arises, pending the election of a substantive Chairman, which would be announced to the Nigerian Exchange Ltd at a future date.

“It is with profound sadness that the board of IMG formally informs its investors and the general public that the Chairman of the Board of Directors, Mr Abiodun Olabode Alabi, passed away suddenly in the early hours of Friday, June 24, 2022.

“We are deeply shocked and saddened by the development.

“The thoughts of everyone at IMG are with the Alabi family and friends, and we extend our deepest sympathies to them.

“We count it a great privilege to have known and worked alongside Mr Alabi over the last few years as he showed exceptional leadership in his role as the Board Chairman.

“He will be recognised and admired for his efforts in promoting the company’s transition from BOC Gases Nigeria Plc to Industrial & Medical Gases Nigeria Plc, a totally indigenous company, and we would want to honor his contribution to the business,” he said

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JUST IN: Crystal Palace Relegated to Conference League Amid Ownership Controversy

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Crystal Palace Relegated to Conference League

JUST IN: Crystal Palace Relegated to Conference League Amid Ownership Controversy—-Crystal Palace have been demoted from the Europa League to the Conference League next season by the UEFA governing body due to multi-club rules.

The governing body’s decision stems from Palace breaching its multi-club ownership rules and Uefa said the Eagles could appeal its ruling with the Court of Arbitration for Sport.

Nottingham Forest, who finished seventh in the Premier League last season, could replace FA Cup winners Palace in the Europa League.

Eagle Football Holdings – owned by American businessman John Textor – holds stakes in Palace and Lyon, with Uefa rules stating that clubs owned, to a certain threshold of influence, by the same person or entity cannot compete in the same European competition.

Uefa’s rules set a deadline of 1 March 2025 to show proof of multi-club ownership restructuring – a deadline which Palace missed.

Palace argued Textor does not hold any decisive influence at the club, but Uefa have not accepted the Premier League side’s defence.

Lyon, who also qualified for next season’s Europa League, take precedence over Palace because of their higher league position.

The seven-time French champions finished sixth in Ligue 1, with Palace 12th in the Premier League but qualifying for European competition by winning the FA Cup.

Earlier this week Lyon won their appeal against relegation from Ligue 1 after they were demoted for financial reasons, which affected Palace’s chances of playing in the Europa League.

Had Lyon’s relegation been upheld, they had agreed with Uefa to be excluded from the Europa League, clearing the way for Palace to play in the competition.

English football has two allocated Europa League spots, with Aston Villa securing the other after finishing sixth in the Premier League.

Forest replace Palace in the Europa League after finishing seventh, with their Conference League spot going to the Eagles instead.

More to follow.

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Chelsea Permit Noni Madueke To Undergo Medical Ahead Of Arsenal Move

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Chelsea Permit Noni Madueke To Undergo Medical

Chelsea Permit Noni Madueke To Undergo MedicalAhead Of ArsenalMove—-Chelsea have reported given Noni Madueke permission to undergo a medical with Arsenal in London ahead of his £52m proposed moved away from the club.

The England international, 23, will not train with Chelsea in the United States on Friday and instead travel back to the UK.

An agreement has been reached on a £52million ($70.38m) deal while personal terms were previously agreed on a five-year contract.

Madueke is set to become the second player to move from Chelsea to Arsenal this summer after goalkeeper Kepa Arrizabalaga made the move across the capital for £5m. Raheem Sterling, Jorginho, Kai Havertz and Willian also all moved from Stamford Bridge to north London during manager Mikel Arteta’s tenure.

After joining Chelsea from Dutch side PSV Eindhoven in 2023 in a deal worth €33m, Madueke made 92 appearances for the west London club, scoring 20 goals and providing nine assists. He appeared in five of Chelsea’s Club World Cup games in the U.S., where Enzo Maresca’s side have reached the tournament’s final.

Madueke began his career in the academies of Crystal Palace and Tottenham Hotspur before moving to PSV as a 16-year-old in 2018. Initially appearing for the club’s reserve side, he made his senior debut in January 2020 and went on to become an established part of the team the following season. He made 80 appearances for the club, recording 20 goals and 13 assists.

The England international is Arsenal’s fourth signing of the summer after the arrivals of Arrizabalaga, Martin Zubimendi from Real Sociedad and Christian Norgaard from Brentford.

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