Video

Fox Business News: San Diego readies to welcome new Major League Soccer team

15/12/2023

San Diego FC owner Mohamed Mansour predicts ‘huge growth’ and ‘positivity’ in the coming years with the introduction of more MLS teams.

See the original video on Fox Business News

Video

Mohamed Mansour appearance on FOX Business News channel

15/12/2023

Our chairman discussed Man Capital’s investment in Major League Soccer and Mansour Automotive’s electric vehicle ambitions with Liz Claman of Fox Business News’ “The Claman Countdown”.

Press Release

San Diego FC breaks ground on training facility and Right to Dream Academy ahead of 2025 inaugural season

October 12th, 2023

San Diego FC marked a historic moment today as the 30th Club in Major League Soccer broke ground on the cutting-edge performance centre and its highly anticipated Right to Dream Academy. The moment is a significant step in the Club’s march towards a 2025 kick off and commitment to developing the next generation of athletes.

The groundbreaking ceremony took place at the site of the future facility in El Cajon on the Sycuan Reservation and was attended by Don Garber (Commissioner, MLS), Mohamed Mansour (Chairman, San Diego FC), Cody Martinez (Vice-Chairman, San Diego FC and Sycuan Tribal Chairman), Tom Vernon (Founding Partner, San Diego FC and Founder/CEO, Right to Dream) and Manny Machado (Founding Partner, San Diego FC and Padres third baseman) as well as other key figures, stakeholders, and esteemed guests, highlighting the importance of this project in global football and the world of sports development.

“This is a foundational moment for our Club. The San Diego FC Performance Center and Right to Dream Academy will enable us to develop future generations of world-class players across greater San Diego,” said Tom Penn, CEO, San Diego FC. “This groundbreaking initiative reaffirms our commitment to create opportunities for young talent to flourish and our vision to become the epicenter of football excellence and innovation in North America.”

“The groundbreaking is a historic moment for sports in the U.S.,” said Mr. Mansour. “San Diego FC is the first major sports organization in America to be jointly owned by a Native American tribe and now we are the first major club to build a training facility and Right to Dream academy on Native American land. Singing Hills is hallowed ground, and we hope that what we build here will do it justice and create a lasting legacy.”

Continued Chairman Martinez, “This is a proud moment for the Sycuan Tribe and a giant step in serving the next generation of young athletes and future leaders throughout the San Diego community. Today’s historic groundbreaking marks not only the construction of San Diego FC’s state-of-the-art performance center but also lays the foundation to nurture the dreams of young talent, fostering a stronger community, and creating a legacy of soccer excellence.”

The San Diego FC Performance Center and Right to Dream Academy will be an integral part of the Club’s 125,000 square-foot campus that will feature a 50,000-square-foot state-of-the-art sports performance center shared by the first team and academy teams, and five full-sized soccer fields, including three natural turf fields and two synthetic turf fields. “A cultural focal point of the facility is the second floor dining room and communal hub, overlooking the training fields, which fosters engagement between the academy players, coaches, teachers and professional players,” says Jonathan Emmett, Principal and Global Sports Practice Area Leader, Gensler. The residential academy will accommodate male students between the ages of 12-18, spanning grades six through 12. The first group of residential athletes will be enrolled in Fall 2025. Additionally, San Diego FC will create a non-residential girls pathway at the academy, making San Diego FC the first MLS club to develop emerging female talent.

“Right to Dream San Diego will offer a number of firsts in the U.S. and MLS footballing landscapes, including a fully-funded school, residences and football academy that offers pathways for young talent to flourish both on and off the field,” said Tom Vernon, Founder/CEO, Right to Dream. “As we have in Ghana, Denmark and Egypt we will provide opportunities to student athletes to reach their academic potential, affect positive change in their communities and become world-class football players.”

The Right to Dream Academy offers a unique model of talent development by way of its holistic approach of character building, football development and focus on education. Unlike the traditional U.S. pay-to-play model, Right to Dream San Diego is a scholarship-based academy whereby all enrolled, residential athletes will receive full five-year scholarships regardless of football performance. Upon completion of the project, San Diego FC will become the first MLS club to offer a privately operated school combined with a residential football academy.

“To see this project come to life is absolutely incredible,” said Machado. “It’s important for me to leave a lasting legacy in San Diego, which has been so supportive. Our San Diego FC vision for the youth development academy means there will be more opportunities for young San Diego athletes, boys and girls, who may not have otherwise had them. I’m looking forward to seeing the next generation of talented athletes and future leaders emerge from this program.”

“The San Diego FC Performance Center and Right to Dream Academy will represent one of the most innovative soccer development facilities not only in MLS but in all of global soccer,” said Commissioner Garber. “For boys and girls in the San Diego area, it will serve as an inspiration to everyone who dreams of playing for their local MLS or NWSL team, or even representing the U.S. on the world stage.”

The 28-acre project was designed by Gensler. San Diego based Zephyr is serving as the development partner on the project, led by San Diego FC founding partner Brad Termini. AECOM is the general contractor.

Press Release

The future of Egyptian football and youth – Right to Dream Egypt Announces New Academy in Badya

Cairo, October 12th, 2023

Right to Dream, the global community of football clubs and academies, is proud to announce the opening of its new Egyptian football academy close to Cairo in the new sustainable city of Badya.

This football academy is part of the Right to Dream global community of football academies for students aged 10 to 18.

The academy will operate the unique Right to Dream development model that provides both world class school education and football training. Students are offered pathways at highly respected professional clubs globally and renowned educational institutions in the US. Since 1999 this model has provided opportunities for over 300 students, some who have gone on to play in men’s and women’s FIFA World Cups, and others to Ivy League colleges in the US. Now the same model will be presented in Egypt giving the opportunity for the most talented boys and girls from across the nation to fulfil their potential. This comes in line with Egypt’s social development plans and public awareness strategy in promoting the importance of equality and inclusion in sports, as well as enhancing youth participation in shaping the future of their country and contributing to Egypt’s 2030 vision.

Right to Dream was acquired in January 2021 by Man Capital, the investment arm of the Mansour Group, the global conglomerate that was founded in Egypt in 1952. When announcing the deal, Man Capital’s founder and chairman, Mohamed Mansour, pledged to invest significantly in establishing an academy in Egypt.

Providing professional training and school education to both young boys and girls, Right to Dream will help to develop the future role models of Egypt using football as the platform of their growth.

The training facility and academy offer the following features:

  • 696,960 Square Feet Campus: The academy spans 16 acres in Badya.
  • Three Football Fields: Two natural grass fields and one artificial turf field.
  • Facilities: The training facility includes a 350-square-meter gym, a medical wing, and a building with 30 rooms to accommodate participants from Right to Dream academies in Ghana and Denmark. Additionally, a recreational area featuring a swimming pool, multipurpose court, and padel tennis court has been constructed.

“This new academy in Badya is an investment in the future of young men and women in Egypt. It is just as important to us that the Egyptian academy develops Egyptian role models as well as great footballers,” said Mohamed Mansour, Chairman, Right to Dream. “Everywhere where Right to Dream has operated to date, whether in Ghana in West Africa, in Denmark or in the USA, we have seen opportunities created and lives changed forever. We hope the young Egyptians who are enrolled in the academy today will have opportunities to follow their dreams – for them, we hope, the sky is truly the limit.”

Badya, the first sustainable city in Egypt and first smart city being built to the west of Cairo by Palm Hills Developments, was chosen as the optimum location for the academy to encompass the essence of the project. Palm Hills, chaired by Yasseen Mansour, is one of Egypt’s largest real estate developers and is part of the Mansour Group.

Press Release

Major League Soccer Awards Expansion Team to San Diego

May 18, 2023

Pictured (from left) at the launch of the MLS club: Loutfy Mansour, Chairman Cody Martinez of the Sycuan tribe, MLS Commissioner Don Garber, Mohamed Mansour, investor group member Manny Machado of the San Diego Padres, and Manny’s wife, Yainee Alonso. Credit: San Diego MLS / Rick Romero

SAN DIEGO, CA (May 18, 2023) – Major League Soccer Commissioner Don Garber officially announced today that MLS has awarded its 30th team to the city of San Diego, California. The new expansion club will begin play in MLS in 2025 at Snapdragon Stadium — the 35,000-seat venue that has already proven to be a destination for the passionate soccer fans of the region.

San Diego’s MLS club will be owned by Mohamed Mansour, a distinguished entrepreneur, investor and philanthropist with deep, global ties in the sport, and by the Sycuan Band of the Kumeyaay Nation. The Sycuan Tribe becomes the first Native American tribe to have an ownership stake in professional soccer in the United States. Also joining the investor group is six-time Major League Baseball All-Star and current member of the San Diego Padres, Manny Machado. Other founding partners include Brad Termini, Co- founder, Zephyr Partners, Tom Vernon, Founder, Right to Dream and Dan Dickinson, Board Member, Right to Dream. Highly respected sports executive Tom Penn will serve as the club’s CEO.

“We are thrilled to welcome San Diego to Major League Soccer as our 30th team,” said Commissioner Garber. “For many years we have believed San Diego would be a terrific MLS market due to its youthful energy, great diversity, and the fact that soccer is an essential part of everyday life for so many people. Mohamed Mansour and the Sycuan Tribe have an incredible vision for building a club that will inspire and unite soccer fans throughout the city and region.”

Mansour is the founder and chairman of the London-based investment management firm Man Capital, which owns Right to Dream (RTD), the global soccer community of world-class academies, clubs and partners with an innovative approach to identifying and nurturing talent. RTD has developed numerous world-class players who have gone on to play at the highest level for club and country in MLS, the UEFA Champions League and FIFA World Cup, including seven graduates who represented their countries in the 2022 World Cup. RTD also operates an elite performance and development environment at top tier Danish club FC Nordsjaelland that is studied and admired globally.

“We couldn’t be more excited to partner with the Sycuan Tribe to bring Major League Soccer to such a deserving community and legion of San Diego soccer fans. This is a real opportunity to create a powerful and lasting legacy for the city and region,” said Mr. Mansour. “We look forward to introducing Right to Dream’s unique developmental approach and unparalleled soccer expertise to San Diego and MLS by delivering tangible benefits to the community as we look to open doors and identify and nurture talent from across the county and beyond.”

As an essential partner with Mansour and RTD, the Sycuan Tribe brings distinctive community connection and understanding to the area’s MLS expansion club, with the tribe residing in and around San Diego for more than 12,000 years. One of 12 Kumeyaay tribes in San Diego County, Sycuan has been a long-term partner with countless major institutions in the community, including the San Diego Padres, San Diego Symphony, Children’s Hospital, and hundreds of local non-profits. San Diego’s new MLS club further demonstrates their commitment to the region.

“What a proud moment this is for the city and the Sycuan Tribe to bring MLS to San Diego,” said Sycuan Tribal Chairman Cody Martinez. “Sycuan has deep roots to the San Diego community and found an incredible partner in Mohamed Mansour and the soccer expertise that he brings with Right to Dream. Sycuan continues to demonstrate its strong commitment to the San Diego region and our MLS team will provide us with a great opportunity to bring together many different segments of the community through their passion for the game.”

A fan favorite in San Diego, Machado joined the Padres as part of a then record-breaking contract in 2019. Throughout his career, he and his wife Yainee have placed an emphasis on engaging with and helping underserved kids in their community.

“I am grateful for the opportunity to join the San Diego MLS ownership group. I continue to plant roots in this amazing community that means so much to me and build upon my connection with the incredible fans,” said Machado. “I’m further encouraged by the club’s commitment and experience that it brings, through Right to Dream, in developing young athletes personally, academically and athletically, and excited to support the growth of soccer in San Diego.”

The club will play at Snapdragon Stadium, which has already proven to be a popular soccer venue since opening in 2022. Last September, San Diego Wave FC set a single-game attendance record in the National Women’s Soccer League with a sold-out crowd of more than 32,000 at Snapdragon Stadium. The stadium, which is located on the campus of San Diego State University and features a natural grass playing surface, hosted a LIGA MX friendly match in March between Club Tijuana and Club América. Major international soccer events coming to the venue this year include Mexico vs. Cameroon on June 10 and the semifinal match in the 2023 Concacaf Gold Cup on July 12.

“San Diego is a community with a rich sporting history and long considered the heart of soccer development in North America,” said Tom Penn. “With the addition of MLS, we will inspire lasting change through the sport in San Diego and unite soccer fans throughout the region. We will deliver sustained excellence on the field, unprecedented investment in player development and create a shared, joyous experience for fans at Snapdragon Stadium, one of the premier soccer venues in professional soccer.”

Highly regarded for its educational institutions, diverse communities, surging biomed and biotech industries, and with a reputation as one of the country’s best places to live and work, the passionate soccer market of San Diego is an important addition to MLS. For the San Diego region, the club’s arrival is expected to result in hundreds of millions of dollars in secondary and tertiary economic impact through vendors, contractors and club-related projects. With the announcement of San Diego, 19 clubs have now joined MLS since 2005, fulfilling a vision for strategic expansion that has transformed the landscape of professional soccer across North America.

The team’s name and crest will be announced in the buildup to beginning play in 2025. Soccer fans can reserve their place on the list for season tickets to San Diego’s inaugural MLS season by donating $18 at SanDiegoFC.com. All proceeds will go to the San Diego Foundation to fund non-profits investing in the development of youth soccer across San Diego County. For the latest news and club updates, follow @SanDiegoMLS2025 on social media across all platforms and use the hashtags #SanDiegoMLS and #LetsKickItSD

Article

Mohamed Mansour receives honorary doctorate from North Carolina State University

May 17, 2022

Mr Mohamed Mansour, the internationally renowned Egyptian business leader and philanthropist, has been awarded an honorary doctorate by North Carolina State University (“NC State”), his alma mater.

In recognition of his decades of life-changing philanthropy in Egypt and internationally, Mr Mansour was made an ‘Honorary Doctor of Humane Letters’, the highest honour the university can bestow, at a ceremony in Raleigh, North Carolina on 7 May.

In addition to receiving an honorary doctorate, Mr Mansour was invited to deliver the keynote address at the University’s commencement ceremony. He addressed an audience at Raleigh’s landmark PNC Arena of around 20,000 people, thought to be the largest ever attendance for an NC State commencement, including the graduating Class of 2022 and the students’ family and friends, as well as faculty members, academics and other university staff. Read the full press release here.

Speech in full:

 Thank you, Chancellor Woodson, so much!

And thank you to every trustee and board member of this great institution for your wonderfully warm welcome I have been given today.

So… Class of 2022 – what a special group! To have graduated at any time is an achievement. To do it in a pandemic – wow!

You should be so proud. Congratulations!

A special hand, everyone, please to the graduating class of 2022!

 

This is a very moving moment for me. To you students who have had to struggle at times or overcome adversity – I know a little of how you feel.

I was almost thrown out of this university.

I was literally on the verge of being kicked out.

It does make me think, should I really be standing here – to receive an honorary doctorate, when I was told I couldn’t make it as an undergraduate?

It doesn’t help that this venue where I now stand centre stage has been a place for such legends from Bruce Springsteen to the Rolling Stones.

Somehow Mohamed from Egypt, or ‘Mo’ as I was known here, does not immediately trip off the tongue after such a rock ‘n’ roll roll call.  But, anyway here I am.

 

Flattered and truly honoured.

And immensely grateful.

 

I came to study in America in November 1963, only a few days after JFK was shot. A few weeks later, aged 16, I enrolled as an undergraduate here.

I was thrilled to be in America. I’d been confined to bed for three years from the age of 10 after being in a near-fatal car accident in Egypt.

So I was raring to go, to embrace life in North Carolina.

And I found the American Dream.

Can I just ask, is there a better place than North Carolina to find that dream?

Of course not! This is Wolfpack territory! Go Pack!

 

It was the Sixties and as the saying goes, ‘if you can remember the Sixties, you probably weren’t there’.  Well, I was there!

By 1966, halfway through my degree, I was at risk of flunking out.

My professors told me – I worked too hard… at partying!

And that I needed to put that energy into studying.

The simple truth was that I was about to be chucked out.

But my physics professor took pity on me.

He had intended to give me a fail. But when I pleaded and explained that failing would mean me going back to a country run on Soviet-style socialism, he took pity and offered me a life-saving deal.

 

I was given a second chance.

We made a deal. If I worked my socks off, I could stay.

I learnt the critical lesson that you have to control your own destiny. There are always consequences.

I had two routes.   I was either going to flunk, fail and fester… or face those faults and failures and try to flourish.

Sink… or swim.

Take flight… or fight.

Bottle it… or battle for it.

 

The choices were stark. I had lost my way.

But that second chance allowed me to get back on track. To reconfigure my moral and social compass in every way.

And it gave me the strength and purpose to overcome a second, devastating challenge – becoming dirt poor.

My father had built a cotton textiles company. And he had been really successful which was why I could study in America.

 

Then one night, he lost everything. The Government of Egypt took it all away.

President Nasser – under the political sway of the Soviet Union – nationalised the entire cotton industry including my father’s company.

It meant he stole it from us. And not just the company – all my family’s land, homes, and other assets were confiscated.

My father went from being a wealthy entrepreneur to being paid 75 dollars a month on a state salary. He wrote to me and my brothers, who were studying here also, at NC State and UNC, to say there was no more money for us.

So, no money for rent or food and certainly nothing for the bills and debts in my fraternity house.   Dad had no money which meant I had no money.

I had to resign from my fraternity and move into a damp and overcrowded house on Chamberlain Avenue.  I went yesterday and visited the fraternity. They showed me my letter of resignation, which I wrote in 1966. I also visited Chamberlain Avenue. My house looks a lot smaller now than it did then!

I got a job as a waiter in an Italian diner called Amedeo’s.

The owner, a former football player at NC State called Dick, also gave me a second chance. He made me understand hard work as I became Mo the waiter on a dollar 25 an hour.

Slowly I saved the tips and salaries I paid off my debts and learnt to manage my own finances. My big lesson was that spending money is very different than how you spend your life. It made me realise that maybe Oscar Wilde was right when he talked about knowing ‘the price of everything and the value of nothing’.

I had no money, and the place we stayed in was a fleapit. But I didn’t care. I was surrounded by friends, supported by my tutors, and embraced by hospitable North Carolina.

Somebody asked me yesterday, ‘these must have been very tough times?’

Yes, they were tough times, but they were happy times.

 

I love this country for its dreams and for the belief that anything is possible.

I landed here just a few days after JFK was shot. I witnessed the impact of the Vietnam war.  But I saw America regroup and heal.

I saw the Civil Rights movement grow and alter America. The hippy movement. The amazing music – the Beatles, the Stones, and Elvis Presley. I watched Mohammed Ali defeat Sonny Liston.

I saw the first Moon landing and like everybody else, was inspired by the science in America.

 

I graduated in 1968 and did an MBA at Auburn University in Alabama, returning to Egypt in 1973 following President Nasser’s death.

I went into the family cotton business which we had started again from scratch. We had our second chance to rebuild in Egypt.

 

And so always, I remember, gratefully, my second chance here in Raleigh.

Sometimes I have to pinch myself that what happened afterwards is for real. Mo the waiter now employs 60,000 people around the world.

We build cars and sell bulldozers.

We own hotels and have partnerships with Caterpillar, General Motors and many other companies.

We invested in Facebook, Airbnb and Uber, and established a venture capital firm in Silicon Valley that is backing more than 50 tech start-ups today, 25 of which have gone for first and second raises.

We’ve invested in schools, sports academies and football teams.

We have employees in China and California and almost everywhere in between.

 

My family have become philanthropists as well as capitalists.

I created a foundation to give financial support – well over four million loans – to women in Egypt.

My charity is about opportunities and second chances – the same second chance I gained here.

It is part of my life and business philosophy.

 

So I accept this honorary doctorate with great humility and enormous gratitude.

It is a wonderful gift, but for me the true wonder today is all of you, graduating here.

We all know there are huge challenges facing the world. Conflicts are becoming more common. Globalisation has gone into reverse. Democracy is in retreat. Climate change threatens the planet.

But seeing you all here reaffirms my optimism for the future.

 

Together we can all say we did not flunk! We have our second chance.

Please – when you get a second chance, seize it, learn from it, and be grateful for it.

 

We reached the winning post.   We got there.

You are the possible.

You are the future, as I once was.

And you have the hope, energy, talent as well as drive and ambition to take all of us into the future. This is your time.

 

I thank you. And God bless.

Press Release

Mohamed Mansour receives honorary doctorate from North Carolina State University

May 11, 2022

Mr Mohamed Mansour, the internationally renowned Egyptian business leader and philanthropist, has been awarded an honorary doctorate by North Carolina State University (“NC State”), his alma mater.

In recognition of his decades of life-changing philanthropy in Egypt and internationally, Mr Mansour was made an ‘Honorary Doctor of Humane Letters’, the highest honour the university can bestow, at a ceremony in Raleigh, North Carolina on 7 May.

In addition to receiving an honorary doctorate, Mr Mansour was invited to deliver the keynote address at the University’s commencement ceremony. He addressed an audience at Raleigh’s landmark PNC Arena of around 20,000 people, thought to be the largest ever attendance for an NC State commencement, including the graduating Class of 2022 and the students’ family and friends, as well as faculty members, academics and other university staff.

Mr Mansour used his speech to share an important message about seizing opportunities and making the most of ‘second chances’ in life, drawing on his personal experiences at NC State and how he recovered from early mistakes and setbacks with the trust and support of the university in general and one professor in particular.

It is believed Mr Mansour is among the first Egyptians to be given an honorary doctorate by a US university. He studied at NC State from 1964-68, graduating in textile technology aged 20. He later studied for an MBA at Auburn University in Alabama before returning to Egypt in 1973.

Mr Mansour went on to be Co-Founder and Chair of the Mansour Group, the global conglomerate. Among the businesses in the group are Mansour Automotive Company, a leading Egyptian and regional automotive distributor; Mantrac Group, one of the world’s largest distributors of Caterpillar machines; and ManCapital LLP, the Mansour family’s private investment firm.

Raleigh, North Carolina was Mr Mansour’s first home outside of Egypt after moving from Alexandria aged 15 and the university still holds a special place in his affections. Mr Mansour’s father, the late Mr Loutfy Mansour, a successful cotton exporter, had wanted him and his brothers to go to NC State University because it was then – and still is – renowned for its textiles programme.

Mr Mansour is a committed philanthropist in Egypt and internationally. Among the many programmes that he has created over many years, he is the founder and Chairman of the Lead Foundation, a ground-breaking non-profit organisation established almost 20 years ago that empowers and provides funding to small enterprises owned by women in Egypt.

 Reflecting on the ceremony and award, Mr Mansour said:
“My time at NC State undoubtedly shaped me as a human being and provided me with the building blocks which allowed me to go on and build successful global businesses and give back throughout my life.

“When I arrived from Egypt in late 1963, Raleigh was a much smaller town to what it is today but NC State was such a welcoming place for a young man to grow and thrive. The campus has developed hugely over the years but that welcoming environment has not changed.

“It was a tremendous privilege to be invited back to receive an Honorary Doctorate and address this year’s latest generation of bright, young graduates ready to take their next step in life.”

Commenting on Mr Mansour’s recognition by NC State, the university’s Chancellor, Dr Randolph Woodson said:
“Honorary Doctoral Degrees are only awarded to individuals who have attained achievements of extraordinary and lasting distinction and made outstanding contributions to scholarship, creativity, leadership, and humanitarian or public service.

“No one embodies these qualities and reflects the mission of the University more than Mr Mansour. His longevity and success as a business leader and philanthropist are worthy of celebration, and we were delighted to welcome Mr Mansour back so many years after he originally attended NC State as an undergraduate.”

Dr. David Hinks, Dean of Wilson College of Textiles, said:
“The Wilson College of Textiles has always been so proud to call Mr. Mansour an alumnus. For many years we have been enormously impressed by his humanity and sense of purpose. He has enjoyed extraordinary success as an entrepreneur and business leader but has remained true to his strong principles and values.

“The theme of second chances is something that really resonates with a lot of our students at NC State. As Mr Mansour said in his speech, ‘we all deserve second chances’ and often those moments become turning points, as in his own extraordinary life.”

Press Release

Man Capital invests in €100m football partnership with Right To Dream

January 20, 2021
London

Right To Dream, the global opportunity-creating ecosystem of football academies, professional football clubs and partnering colleges and universities, founded by visionary British social entrepreneur, Tom Vernon, has formed a new €100 million partnership with Man Capital LLP (“Man Capital”) to help bring greater access, opportunity and equality through football.

The investment in Right To Dream by Man Capital, the UK-based investment arm of the Egyptian Mansour Group, a family-owned global conglomerate, is being made through Man Sports, a new entity established for the partnership. Focus will be on establishing a Right To Dream academy in Egypt, and furthering the activities of the Right To Dream academy in Ghana, the FC Nordsjælland club and academy in Denmark, exploring UK opportunities at club and academy level, and expanding women’s and girl’s programmes across the organisation.

Under the terms of the partnership, Man Sports will assume majority control of Right to Dream with Tom Vernon remaining the other significant shareholder. Mr Mohamed Mansour, the Founder and Chairman of Man Capital, becomes Chairman of the Board of Right To Dream, while his son, Mr Loutfy Mansour, the CEO of Man Capital, becomes a Board member.

The partnership enables Right To Dream to hire new senior leaders across the organisation, with several appointments already being made for the new venture, namely Mohammed Wasfy as MD of the new Right To Dream academy to be launched in Egypt, Pippa Grange taking on a permanent role as Group Chief Culture Officer, and Jan Laursen being promoted into the role of Chairman of FC Nordsjælland.

Tom Vernon, who continues in his role as CEO of Right To Dream Group, said: “For 20 years Right To Dream has been using football as a vehicle for social change, bringing life-changing opportunities through sport and education for children and their communities. This partnership helps Right To Dream accelerate global expansion plans to provide more opportunities for more children around the world, continuing to put people and purpose at the centre of football. With the support of the Mansour family, we continue to aspire to the creation of a new standard of purpose-driven sports for clubs academies and players.”

The first project for the new partnership sees Right To Dream build an academy in Egypt, for boys and girls, following the same model as the successful academies in Ghana and Denmark. Supporting the Government’s national development agenda, “Egypt 2030”, the Egyptian academy will be located in West Cairo, with construction expected to begin early this year ready to welcome its first group of children in 2022.

Mr Mohammed Wasfy joins Right To Dream as MD of RTD Egypt to lead this project and the development of the organisation in the country, supported by the Mansour family. Closely following the opening of the new academy will see the launch of a new professional women’s football team. This elite Women’s team will showcase purpose-driven female athletes at their best, embodying the RTD brand and model with an aspiration to recruit and attract top talent into Egyptian women’s football.

Speaking about the investment, Mr Mohamed Mansour, Chairman and Founder of Man Capital, said: “I could not be prouder to be investing in and partnering with Tom and his team at Right To Dream, who are inspirational for the life-changing work they undertake with talented boys and girls across Africa, Europe and the Americas. We have long taken a close interest in the work they are doing and are delighted to be announcing our partnership today. Not only are we a family of football fans, indeed my uncle Mostafa Kamel Mansour even represented Egypt in the 1934 World Cup, but we are committed to supporting communities across Africa, through our foundations and other philanthropic activities.”

Right To Dream academies are not simply a pipeline for talent, they are platforms of opportunity for the boys and girls who come into contact with them, on and off the field. Established in Ghana before expanding into Europe and North America, Right To Dream academies aim to merge people and purpose through the lens of football. The academies have links to world class universities and educational establishments and provide a personal development environment for young people who lack access to schooling and sport.

Having already graduated over 140 students, with 82 students currently at the academy, Right To Dream has a vision to create a global chain of academies that fundamentally change the role clubs play in football today. Pippa Grange, Right To Dream’s new Global Chief Culture Officer says, “Skills on the field are just as important as education, character development and aspiration off it. Right To Dream develops every aspect of a child’s life, giving them the best possible support and preparation to make their way in the world.”

The success of Right To Dream’s academy model is clear. In 2016, Right To Dream acquired FC Nordsjælland (FCN), the Danish Superliga club that does things differently. FCN was the first club in the world to sign with Common Goal. They launched a professional women’s football team, along with a girl’s academy and continue to maintain the ambition of developing and promoting significant numbers of players from their two academies (currently 80% of the men’s first team are from Right To Dream’s own academies) and attracting purpose led top class senior players to the model. Now, with an average age of below 22, FCN’s story is becoming well documented. Within the last 12 months, six academy players have received a call up for international duty, and since the Right To Dream acquisition in 2015, 58 academy players have received call ups to national youth teams (49 boys and 12 girls).

FCN has also generated transfer fees in excess of €65m, the majority of which being players who progressed through from the academies, over the last five years, and has coaches such as Michael Essien emerging. With Jan Laursen at the helm, stepping up to the role of Club Chairman as part of the new partnership, FCN is on track for even greater things.

Right To Dream is working towards a different future for global football. “We believe there can be a greater purpose-driven model in football where clubs take an active role in social change, rather than leaning on individual athlete-driven social consciousness. Our academies do exactly that and once Egypt is firmly established, we’ll set our sights on the UK. With our partners and our strong experienced team, we are hungry to do more for the growing elite sporting talent and educational achievements of children coming through our academies, to help them achieve their dreams”, concluded Vernon.

Press Release

Mohamed Mansour Issues Warning About ‘Distorted’ Stock Markets

September 22, 2020

Stock valuations have been inflated by Central Bank interventions and public sector stimulus programmes and in general are not reflecting the true scale and impact of the Covid-19 crisis, according to Mr. Mohamed Mansour, Co-Chair of the Mansour Group, the global conglomerate. 

In an interview for the Mansour Group’s podcast series, the Mansour Voice, Mr Mansour said that stock market rises could give investors a misleading impression of how the global economy was fundamentally performing.

“The S&P 500 has hit a new peak despite the poor health of corporate America. The Nasdaq is performing just as strongly in 2020 as it did in 2019, and there seems little end in sight for that particular bull market. This is all occurring of course at a time when tens of millions are unemployed in America and Europe and during an unprecedented downturn,” he said,

“Of course, Central Bank interventions are a major factor, and as we know from past crises, can have a distorting effect on these things that can take a long time to unwind or be corrected.”

Mr Mansour, who was an early-stage investor in technology companies like Facebook and Spotify, revealed in the interview that he has divested many of his equity positions and currently is holding only a small number of large tech stocks.  But he remains bullish about the IT sector generally and continues to invest in start-ups through his California-based venture capital firm, 1984 Ventures, and the Mansour Group’s family office investment business, Man Capital.

He added: “There are some other notable areas of risk and uncertainty. In the US, the presidential election will have a huge impact on global trade as well as issues relating to climate change.  In the UK, it’s a smaller issue but Brexit will have potentially negative impacts for the British and European economies at a time when the region is already struggling to recover from the pandemic. And this is even before we consider the risk of a second global wave before a vaccine can be found and rolled out. So there are big challenges in play.” 

At the same time, Mr Mansour emphasised in the interview the strong performance that a number of units of the Mansour Group are reporting for 2020 to date, including its businesses in the automotive and heavy equipment and machinery sectors, Al-Mansour Automotive and Mantrac respectively.

The Mansour Group is a global, family-owned conglomerate with over 60,000 employees, a presence in more than 100 countries and total revenues exceeding $7.5 billion. Its businesses operate across a large range of sectors including automotive, banking, consumer goods, education, healthcare, machinery & equipment, media, oil & gas, real estate, technology, and transport and logistics.

The Mansour Voice podcast is available to download from the Mansour Group website as well as Spotify, Apple and other podcast platforms.

Press Release

Integrated Diagnostics Holdings and Man Capital partner with the International Finance Corporation to invest in Nigeria’s Echo-Scan

Cairo, Egypt, December 1, 2017

  • Dynasty Group Holdings is a joint venture between Integrated Diagnostics Holdings and Man Capital LLP
  • Dynasty and the International Finance Corporation (“IFC”) have committed to invest significant capital in the business over the next four years
  • The strategy is to build a world-class integrated diagnostics business and vastly enhance Nigeria’s healthcare offering

Integrated Diagnostics Holdings (“IDH”), IDHC on the London Stock Exchange, the largest fully integrated private-sector provider of medical diagnostics services in Egypt, Jordan and Sudan, and Man Capital LLP (“Man Capital”), the investment arm of the Mansour Group, announced today their first investment in Nigeria’s promising healthcare industry.

The investment will see Dynasty Group (“Dynasty”), a joint venture that is 51% owned by IDH, partner with the International Finance Corporation (“IFC”), a member of the World Bank Group, to invest in Eagle Eye Echo-Scan Services Limited (“Echo-Scan”), a leading medical diagnostics business based in Nigeria.

The transaction will see Dynasty acquire a majority stake in Echo-Scan and assume management control of the company, while both Dynasty and the IFC will invest USD 25 million to expand Echo-Scan’s nationwide service offering, footprint, and quality standards. Over the coming year, Echo-Scan will refurbish and upgrade existing locations as well as significantly augment its number of branches.

Echo-Scan’s growing network of medical diagnostic laboratories is currently spread across twelve locations in six states. The investment from Dynasty and the IFC will help bring best-in-class medical diagnostic practices and technology to Nigeria, ensuring Echo-Scan delivers global-standard pathology and radiology services across Nigeria.

Dynasty will help service the significant demand for healthcare equipment and services in Nigeria, which is driven by increasing urbanisation and evolution of disease patterns in Africa’s most populous country. The Group will call on IDH’s more than four decades of experience in Africa’s medical diagnostics industry as well as Man Capital’s resources and the network of the wider Mansour Group, with its decades-long presence in West Africa, to drive expansion, hiring and institutionalisation at Echo-Scan.

Dynasty’s strategy is to build a leading diagnostics platform across the Middle East and Africa.

Dr. Hend El Sherbini, Chief Executive Officer of Integrated Diagnostics, said: “We are exceptionally pleased to be adding Nigeria, the continent’s largest and most populous country, to our platform as our fourth country of operations. I can think of no better partner with whom to do this than Man Capital, which matches our more than four decades of operating experience in the industry with similarly long experience working on the ground in West Africa. Nigeria’s healthcare industry shares multiple similarities with Egypt’s in the 1980s and 1990s in terms of structure, pace of development and the emerging disease profile of patients. This is an environment in which we know how to operate: We have done it before in Egypt, Sudan and Jordan. Dynasty’s goal is to transform Echo-Scan into Nigeria’s market leader by establishing and growing a brand that will be equally attractive to walk-in patients, to insurers and to corporate clients.”

IDH operates 377 branches across Egypt, Sudan and Jordan and served 4.7 million patients in the first nine months of 2017 with a comprehensive range of medical diagnostic services. The company serves both individual “walk-in” patients and patients on corporate and insurance contracts.

Mohamed Mansour, Founder & Chairman of Man Capital LLP, said: “Whilst Nigeria’s healthcare industry has been on our radar for a long time, this deal represents our first foray into healthcare. With its decades of industry experience, IDH is the ideal partner with whom to capture this very compelling opportunity. Echo-Scan has a stellar reputation and will significantly benefit from Dynasty’s world-class expertise. For anyone ready to take a long-term investment view, the opportunity for growth and economies of scale are clear: With thousands of small clinics, hospitals, and diagnostic centres spread across 36 states, Nigeria’s healthcare market is extremely fragmented and poorly provided for. We are incredibly excited about working with our partners to create a leading integrated diagnostics platform both in Nigeria and, more broadly, across the Middle East and Africa.”

The Mansour Group and Man Capital have a significant presence in a dozen Sub-Saharan African countries, employing thousands of personnel and operating across multiple industries. The Group has maintained operations and investments in Nigeria for more than two decades and employs close to 1,000 people. Its investments span multiple industries across the entire country, including the heavy machinery, power, mining, renewable energy, tobacco, telecoms infrastructure, real estate and logistics sectors.

Eme Essien Lore, IFC Country Manager for Nigeria, commented: “The IFC has always been a supporter of expanding healthcare services delivery in markets where it operates. Today, we are extending our partnership with Echo-Scan and Dynasty Group and allowing for increased access to diagnostic services across Nigeria. The transaction not only reinforces the IFC’s commitment to the healthcare sector, but also enables the transfer of international know-how and foreign direct investment into Nigeria.”

Dynasty Group was advised on the transaction by Stanbic Nigeria, UUBO Nigeria, KPMG Nigeria and Hogan Lovells.

—ENDS— 

 

Media enquiries
Man Capital LLP
Kenzie Falcoz, kfalcoz@mancapllp.com

Maitland         +44 (0)20 7379 5151
James McFarlane, jmcfarlane@maitland.co.uk
Jais Mehaji, jmehaji@maitland.co.uk 

About Integrated Diagnostics Holdings
IDH is the largest fully integrated private-sector medical diagnostics services provider in Egypt, Jordan and Sudan, comprehensively offering pathology and molecular diagnostics, genetics testing and basic radiology. IDH’s core brands include Al Borg and Al Mokhtabar in Egypt, as well as Biolab (Jordan), Ultralab and Al Mokhtabar Sudan (both in Sudan). IDH is listed on the London Stock Exchange (ticker: IDHC) and was founded in 2012 by the merger of Al Borg and Al Mokhtabar, the most established diagnostics services brands in Egypt.

About Man Capital LLP
Man Capital is the Mansour Group’s investment arm and is headquartered in London. The Mansour Group is present in more than 100 countries, employs 60,000 people and has an annual turnover of more than US$ 6 billion.

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.

About Echo-Scan Limited
Echo-Scan is a network of medical diagnostic laboratories, providing radiology and pathology services, through more than a dozen branches distributed across Nigeria. Echo Scan has service locations in Kaduna, Abuja, Karu, Lagos, Asaba, Benin and Mararaba.