What they say:

Ashley Cole and Jay Z  to open 40/40 London

What they say?

The project entitled '40/40 London' will have a modern American-themed menu at a location yet to be decided and is to open in 2012. The team said that three potential sites are currently consideration and a decision is expected to be made in August. The 40/40 London will give first option on jobs to talented, long-term unemployed young people. And each month a percentage of profits from the project will go to local youth charities for music and sport projects in deprived communities. 

Cole said: "I am delighted to be working with Jay-Z I have grown up listening to his music and now to be doing business with him is amazing and the projects we do will be delivering much needed funds back into sport and music on a local community level as well as helping talented young people get back to work."

What we say?

40/40 London is going to be part of the 40/40 group, that already has a hugely popular club in New York, unsurprisingly called The 40/40 Club.  Who knows what to expect from the London version. As long as they don't go to themey and over-bling then with these two mighty celebs behind it, I'm sure it will be a success. As soon as we hear more information we will let you know. 

Jay Z and Cole discuss plans

Where do you think in London they should open the restaurant bar? Leave your comments below and we will pass them onto the 40/40 team!

In the meantime, head to a bar in London to spot celebrities or indeed celebrity restaurants in London and look out for music and football stars.