Latest news with #Santos
Wales Online
2 hours ago
- Entertainment
- Wales Online
Pele's abandoned mansion taken over by nature and left damaged by vandals
Pele's abandoned mansion taken over by nature and left damaged by vandals Content creators filmed the inside of Pele's abandoned mansion after the Brazilian icon's death in 2022 and found the property to be in a significantly run down state Pele passed away at the age of 82 on December 29, 2022 (Image: Getty Images ) Content creators have filmed the interior of Pele's mansion following the football legend's death, revealing the property to be in a state of significant disrepair. The Brazilian superstar rose to fame in 1958 at just 17 years of age when he clinched his first of three FIFA World Cups with Brazil. The forward had an illustrious career, spending 18 years with his childhood club Santos before moving to the United States to play for the New York Cosmos, where he retired in 1977. After hanging up his boots, Pele became a global ambassador for football and supported numerous charitable causes. However, his health took a toll as in 2021, he fell seriously ill and was diagnosed with colon cancer. After undergoing several rounds of chemotherapy, he sadly passed away in December 2022 at the age of 82. His cause of death was multiple organ failure, a complication from his previous cancer diagnosis. The football pitch in the garden can barely been seen because of the overwhelming foliage (Image: @lucaoyt/Youtube ) The swimming pool is riddled with algae (Image: @lucaoyt/Youtube ) Article continues below The Santos icon's last but one residence was a million-pound mansion on Pernambuco Beach in Guaruja, boasting a football pitch, swimming pool, tennis court and bar, reports the Mirror. In 2024, influencer Lucas Wesley and two of his content creator friends gained access to the property. Wesley, who uploaded the 90-minute video on TikTok in October 2024 which amassed over 2.5 million views, claimed they were able to enter the property after discovering the garage door slightly ajar. The influencer took to Instagram earlier this month to reshare the footage he'd captured, leading to renewed attention on his discoveries on social media. He relayed that there was no response from within the property and that it appeared vacant. The footage captured the totality of the poor state of Pele's mansion (Image: @lucaoyt/Youtube ) "Getting to know this place and seeing up close everything that once belonged to Pelé is indescribable," Wesley said. "For anyone who is a football fan and knows Pelé's history, they would certainly be moved by everything there, just as we were." Yet, he conveyed his emotional distress upon witnessing the dilapidated state of the property, which is under the care of Pele's son Edinho. "[It was] dirty and vandalised," he lamented. "For us fans, it leaves a truly sad feeling." Pictures featuring the football icon were still seen in the home (Image: @lucaoyt/Youtube ) Wesley's video showcased the garden's football pitch, engulfed in foliage, and a swimming pool beset with algae, imbuing the water with a greenish tinge. Edinho's legal representative, Augusto Miglioli, countered claims that the property is abandoned, asserting it's merely an inheritance from Pele. Significant undergrowth concealed parts of the estate, gates bore the signs of rust, and spiders' webs enveloped corners of the structure. Miglioli issued a stern warning to Wesley and his companions about potential civil and criminal repercussions. Collections of CDs, books and posters were clattered across the floor (Image: @lucaoyt/Youtube ) The bar structure remained standing in the mansion (Image: @lucaoyt/Youtube ) Lawyer Thyago Garcia has clarified the legal definition of an abandoned property, stating that it's not simply about the building being unoccupied or in disrepair. "The mere deterioration, lack of maintenance, or even being unoccupied for a long period of time does not suffice to describe it as legally abandoned," Garcia said. Article continues below He further explained that just because a property can be accessed through unlocked doors or open windows, it doesn't give anyone the right to enter without the owner's permission. Content cannot be displayed without consent "Possession and ownership are protected by law regardless of property condition," he added. The mansion in question, which now stands neglected, was once a vibrant venue where the football legend entertained friends and celebrities in parties and gatherings.
Daily Mirror
3 hours ago
- Entertainment
- Daily Mirror
Inside Pele's abandoned mansion with football pitch taken over by nature
Brazilian football legend Pele passed away in 2022, and his once-glorious beach-front mansion was found to be in a dilapidated state by YouTubers two years after his death Content creators filmed the inside of Pele 's mansion following the football icon's death and found the property to be significantly run down. The Brazilian hero came to prominence in 1958 at just 17 years of age when he won his first of three FIFA World Cups with his nation. The forward enjoyed a storied career as he spent 18 years with boyhood club Santos before embarking on a journey in the United States with the New York Cosmos where he retired in 1977. Pele became a worldwide ambassador for the sport and supported numerous charitable causes after his footballing career but fell seriously ill in 2021 when he was diagnosed with colon cancer. After undergoing treatment in the following months, he later died in December 2022 at the age of 82 with his cause of death being multiple organ failure, a complication of his previous cancer diagnosis. The Santos icon's penultimate residence was a million-pound mansion on Pernambuco Beach in Guaruja that included a football field, a swimming pool, a tennis court and a bar. It was in 2024 that the property was entered by influencer Lucas Wesley and two of his content creator friends. Wesley – who posted the 90-minute video on TikTok in October 2024 which garnered over 2.5million views – said he was able to enter the property after finding the garage door slightly open. The influencer reposted the footage he captured on Instagram earlier this month that led to his findings gaining attention on social media once again. He said he nobody had responded inside the property and found it to be empty. "Getting to know this place and seeing up close everything that once belonged to Pelé is indescribable," Wesley said. "For anyone who is a football fan and knows Pelé's history, they would certainly be moved by everything there, just as we were." However, he admitted the poor state the property – which is under the control of Pele's son Edinho – had been left in caused him to feel emotional. "[It was] dirty and vandalised," he claimed. "For us fans, it leaves a truly sad feeling." In Wesley's footage, viewers were able to see the football pitch in the garden that was almost completely taken over by foliage while the swimming pool was ridden with algae, turning the water green. The property being labelled as abandoned is said to be incorrect, according to Edinho's lawyer, Augusto Miglioli, who said the property is not abandoned and is purely an inherited property from his father. Part of the mansion was hidden by the undergrowth that looked to have remained uncut for a considerable amount of time. Rust was prevalent on the gates while cobwebs covered sections of the building. Miglioli had warned Wesley and his two friends that they "will be held civilly and criminally responsible". According to lawyer Thyago Garcia, it is only when the owner of a property expresses a lack of interest in the controlling of the building can it be considered abandoned. "The mere deterioration, lack of maintenance, or even being unoccupied for a long period of time does not suffice to describe it as legally abandoned," Garcia explained. He added that the ability to enter a property through unlocked doors or open windows does not warrant entry from a third-party without the consent of the owner. "Possession and ownership are protected by law regardless of property condition," he continued. The current state of the property is a far cry from it's previous look decades prior where Pele played host to parties at the mansion for friends and celebrities.
West Australian
6 hours ago
- Business
- West Australian
Ben Harvey: Foreign ownership of oil and gas assets is nothing new
The United Arab Emirates has more oil than a Sean Combs freak-off, so why is it sniffing around Australian energy company Santos? And why would the UAE offer to pay such an astonishing premium (a full 28 per cent above Santos' then market value) to acquire a business that's 10,000km from home and in a different hemisphere to boot? Anyone who doubts the world's ongoing dependence on fossil fuel should think about the logic of this takeover bid. Abu Dhabi's ruling Nahyan family didn't become billionaires 300 times over by writing cheques. They aren't fools and they don't part with their money readily. This week's $36b bid for the Kevin Gallagher-led LNG and domestic gas business isn't chump change, even for the Arabs. So, what do they know about this 'legacy' business that we don't? It's got to be a hedge against the turmoil in the Middle East, right? The wide-open sea lanes of the Indian and Pacific oceans must look like a cake walk compared with the Strait of Hormuz. The most dangerous thing an LNG tanker will run into around Australia will be an Indonesian fishing vessel that's drifted off course. There's no chance of being targeted by Houthi rebels or accidentally strafed by aircraft launching from the USS Nimitz carrier strike group. Geographical diversification seems a logical reason for the UAE play but the geo-political imperative doesn't explain the timing. Sure, Tehran and Tel Aviv have spiced things up of late, but when was the Middle East not engulfed by turmoil? It's been a war zone pretty much every day since the first kibbutz was established in 1948. Yet in all that time — through the Arab-Israeli war, Egyptian revolution, Suez crisis, the Lebanese civil war, Iran-Iraq war, the Iranian revolution, Gulf War 1, Gulf War 2 and countless other skirmishes and crises — the oil-rich provinces rarely looked outside their own backyard for investment opportunities in the fossil fuel game. Certainly not this far outside their backyard. Take risk-defraying out of the value equation and you are left with one upside: the UAE reckons the world is going to be dependent on hydrocarbons, and natural gas in particular, for a long, long time. Santos shareholders, including dominant stockowner L1 Capital, clearly aren't as confident in a CO2-soaked future because they were falling over themselves to accept the bid. The only thing standing in the way of shareholders and a fat profit is the Foreign Investment Review Board, which has to tick off on the sale to foreign entities of Australian assets that are economically or politically sensitive. The deal will give the FIRB pause for thought because Santos owns some important stuff. The company runs the Darwin LNG plant, supplies one sixth of WA's domestic gas and owns and fills the pipelines that feeds the east coast energy system. It is also Australia's most aggressive oil and gas play. At a time when fossil fuel executives are desperately trying to pass themselves off as windfarm manufacturers, Gallagher stands out as a 'drill, baby, drill' kind of guy. Billy Bob Thornton could well have had an eye on Gallagher when he got into character in the TV series Landman. Drill, make as much money as possible, spud and move on to the next prospective patch of the outback or sea floor. Rinse and repeat. He is Greta Thunberg's worst nightmare and he cares not one jot about that. Gallagher's solution to the current supply crunch is simple: more exploration permits. His insistence that Australia can drill its way out of trouble is relevant to the UAE takeover because Gallagher has spent the past few years bagging the Federal Government's 'soviet' energy policy. With $50m on the table (at the $8.89 offer price that's the value of the Santos stock he has in his family trust, employee equity scheme and short-term incentives) Gallagher's likely trying to bleach those remarks from the internet, lest Jim Chalmers chances upon them whilst considering the impending FIRB recommendation. Shareholders will also be hoping the Treasurer doesn't make this decision personal. Chalmers will almost certainly feign concern about foreign ownership, especially by a State-run entity. XRG, which is the name of the bidder, is a subsidiary of a national oil company owned by the Government of Abu Dhabi, which trades under the imaginative name Abu Dhabi National Oil Company The word 'feign' is used advisedly because the reality is foreign ownership of Australian oil and gas assets is nothing new. Only 43 per cent of Santos is owned by local shareholders; the Americans have the rest. It may be headquartered in Adelaide, but Santos' financial heart is in the US. Australia's most important energy asset — the North West Shelf — might be operated by Woodside but it is owned by London-headquartered BP and Shell, Californian supermajor Chevron, Beijing's China National Offshore Oil Corporation and Japan Australia LNG. Woodside itself is only 55 per cent Australian owned, with almost half its stockholders residing in the US and the UK. The Dampier-to-Bunbury pipeline, which brings gas from the NW Shelf to southern WA, is owned by a Hong Kong national — billionaire Li Ka-Shing. The Ichthys project in water off Broome is run by Japan's INPEX and the Gladstone LNG plant is a joint venture between Santos, Malaysia's Petronas and South Korea's KOGAS. What difference will another flag make?
Arabian Post
7 hours ago
- Business
- Arabian Post
Abu Dhabi Bid for Santos Sparks Energy Sovereignty Debate
Santos Ltd's board of directors has endorsed a US $18.7 billion cash offer from an Abu Dhabi-led consortium, pledging immediate relief for stretched gas markets but plunging Australia into a high-stakes national interest conflict. The bid, sponsored by ADNOC's investment arm XRG alongside ADQ and Carlyle, offers A$8.89 per share—a 28 per cent premium to Santos's market value—while assuming A$36.4 billion in enterprise debt. It marks the largest all‑cash takeover ever in Australia. Investors have reacted with caution: Santos shares rallied nearly 11 per cent upon news of the bid but remain significantly below the offer price, reflecting deep concern over regulatory approval. Analysts warn that the deal's fate now hinges on the Foreign Investment Review Board and Treasurer Jim Chalmers, whose approval will weigh economic gain against strategic control of critical energy infrastructure. ADVERTISEMENT Proponents emphasise that ADNOC's financial strength can catalyse development of Santos's undeveloped assets—including Narrabri and shale projects like Beetaloo—and help mitigate an anticipated east‑coast gas shortage by 2027. With ADNOC targeting 20–25 million tonnes per annum of LNG capacity by 2035, acquiring Santos's stakes in Gladstone, Darwin and PNG LNG represents a strategic alignment for both parties. However, a chorus of concern has emerged over the implications for domestic energy sovereignty. The high concentration of export‑oriented gas supply—over 70 per cent in Queensland—raises alarms that ADNOC might prioritise LNG sales over local consumption, deepening east‑coast supply pressures. RenewEconomy warns that 'if ADNOC's focus is primarily on LNG markets, it will likely seek to export as much gas as possible'. Australian Energy Producers, which counts Santos CEO Kevin Gallagher as a board member, has yet to publicly weigh in, but the Australian Energy Market Operator has flagged potential domestic shortfalls by late decade if projects like Barossa and Narrabri are delayed. Political figures are sharpening oversight. South Australia's energy minister, Tom Koutsantonis, invoked state power to oversee licence transfers, while Treasurer Chalmers cautioned that the deal 'would be a big decision' and pledged not to pre‑empt FIRB's findings. Historical precedents include the federal government blocking Shell's bid for Woodside in 2001 and the NSW Ausgrid sale in 2016—illustrating a willingness to restrict foreign control of strategic infrastructure. From Adelaide to Canberra, voices across politics and industry are watching keenly. South Australian Premier Peter Malinauskas stressed that the headquarters and local workforce must be retained; this position is reinforced by new state laws granting oversight over petroleum licence assignments. On the investor side, divergent assessments persist. UBS analysts see ADNOC's deep pockets as a positive, while others like Evans & Partners downgraded Santos stock, suggesting investors might prefer Woodside, citing superior oil market positioning. The bid aligns with Australia‑UAE economic ties following a free trade agreement, yet regulatory scrutiny is expected to be heightened due to the sovereign‑state nature of ADNOC. Approval would mark a milestone in Australia's economic evolution, yet rejection—or imposition of conditions like domestic supply carve‑outs—could serve as a policy catalyst in securing energy infrastructure for public benefit. This takeover bid places domestic energy security at the centre of policymaking, challenging Australia to find balance between foreign investment and safeguarding its energy future.
AU Financial Review
7 hours ago
- Business
- AU Financial Review
Is Australia selling off its energy security to the UAE?
A scramble for gas access in an increasingly volatile and unpredictable global landscape has prompted one of the world's biggest petroleum producers, the Abu Dhabi National Oil Company, to lead a proposed $36.4 billion takeover of Australia's second-largest independent gas producer. The bidding consortium includes ADNOC's foreign investment arm XRG, which has a majority stake, as well as the sovereign wealth fund, Abu Dhabi Developmental Holding Company and American private equity giant The Carlyle Group. The deal will undergo scrutiny by the Foreign Investment Review Board, which will then make a recommendation to the treasurer for final approval. Santos has backed the planned bid.
