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Boyhood Man Utd fan Sir Jim Ratcliffe poised to secure 25 per cent stake
Boyhood Man Utd fan Sir Jim Ratcliffe poised to secure 25 per cent stake
The Glazer family’s search for new investors in Manchester United reaches the one-year mark on Wednesday, with boyhood fan Sir Jim Ratcliffe still poised to take a 25 per cent stake in the club in the coming days. The United owners announced on November 22 last year – during the Premier League’s World Cup recess – that they were “exploring strategic options” including a full sale of the club. One year on, Ratcliffe, the billionaire founder of chemicals company Ineos, is understood to be on the verge of a £1.25billion deal to secure a 25 per cent stake in United, but sources have indicated that an announcement may not come now until next week. If, as is anticipated, no deal is announced on the New York Stock Exchange on Wednesday, Monday would be the next earliest date that anything could be confirmed, with the Thanksgiving holiday period in the United States starting on Thursday. Ratcliffe is set to acquire significant control of football operations at United as part of his investment when it is ultimately confirmed, while it has also been reported that he would provide an additional £245million to upgrade club infrastructure. A takeover had been on the cards at one stage, with Ratcliffe and Qatari businessman Sheikh Jassim the two publicly announced figures in contention to complete a buyout of the Glazers. Sheikh Jassim’s interest was first confirmed in February, but he withdrew from the process last month. The Sheikh Jassim bid was understood to have eventually reached around double the 3.2billion dollar (£2.6bn) market valuation of the Premier League club as it stood in October. The Qatari was believed to have also been prepared to pledge an additional 1.7bn dollars (£1.4bn) for infrastructure projects. The Glazers took over at United with a £790m leveraged buy-out in 2005, but throughout their tenure have faced significant opposition from supporters, which has only grown in recent years at a club that have not won the Premier League since 2013. Tensions rose noticeably in 2021 when the owners were heavily involved in plans to launch a European Super League, which were swiftly abandoned amid fan protests and opposition from football’s domestic and international governing bodies. United announced last week that Richard Arnold was stepping down as chief executive after less than two years in the job. Sources close to Ineos indicated they were not involved in Arnold’s departure, but it seems likely that further changes would be afoot once the deal is signed. Read More Saracens issue Ben Earl Six Nations injury update Gareth Southgate reveals what he learned from England’s November double-header Kyle Walker urges England to get mentality right in bid for Euro 2024 glory Phil Taylor to retire at the end of World Senior Darts Tour in 2024 On this day in 2007: England fail to qualify for Euro 2008 after Croatia defeat Jalen Hurts grabs double as Philadelphia Eagles avenge Super Bowl loss
2023-11-22 00:18
'Horrible': Video of Biden 'kicking his dog' sparks outrage as Commander is sent away from White House
'Horrible': Video of Biden 'kicking his dog' sparks outrage as Commander is sent away from White House
Commander was removed from the White House just days after he attacked a Secret Service agent in his 11th known biting incident
2023-10-07 13:27
Judge says trio who put up $500k bail for George Santos must be revealed
Judge says trio who put up $500k bail for George Santos must be revealed
Embattled congressman George Santos has been told by a judge that the identities of the trio who paid his $500,000 bail must be publically revealed. Mr Santos, a Republican from New York, pleaded not guilty last month to federal charges of defrauding his campaign supporters, lying to obtain unemployment money and making false statements on congressional disclosure forms. Magistrate Judge Anne Shields ruled on Tuesday that Mr Santos has until 12pm on Friday to appeal her decision at which point the names would be unsealed. Lawyers for Mr Santos had argued on Monday that the names should not be made public, stating that they“truly fear for their health, safety and well being.” The lawmaker’s attorney, Joseph Murray previously said that Mr Santos would rather go to jail ahead of his criminal trial than let the names become public. “My client would rather surrender to pretrial detainment than subject these suretors to what will inevitably come,” Mr Murray had said. Read More Judge rules to release names of Rep. Santos bond cosigners, will say secret for now as appeal mulled Lawyer says George Santos would go to jail to keep identities of cosigners secret AP News Digest 4 am
2023-06-07 02:18
Iveco Group raises guidance again after strong Q3
Iveco Group raises guidance again after strong Q3
MILAN Italian truck and bus maker Iveco Group on Wednesday raised its 2023 guidance for the third time
2023-11-01 14:55
Hunter Biden's plea deal is in limbo, but the narrative is set
Hunter Biden's plea deal is in limbo, but the narrative is set
Wednesday did not go how Hunter Biden probably hoped. The president's son was supposed to finalize a plea deal, admitting he broke the law but avoiding jail time for misdemeanor tax crimes and agreeing to a diversion program on a gun charge. Instead, a federal judge questioned the scope of the plea deal.
2023-07-27 05:49
Acai berry craze: boon or threat for the Amazon?
Acai berry craze: boon or threat for the Amazon?
Working in the sweltering heat of the Brazilian Amazon, Jose Diogo scales a tree and harvests a cluster of black berries: acai, the trendy "superfood" reshaping the world's biggest...
2023-08-26 09:29
Djokovic still Wimbledon favourite says new world number one Alcaraz
Djokovic still Wimbledon favourite says new world number one Alcaraz
Carlos Alcaraz believes he is capable of winning Wimbledon after claiming his first title on grass on Sunday by beating Alex de Minaur 6-4, 6-4...
2023-06-26 02:51
Blackmon can earn up to $15 million in 2024 deal with Rockies
Blackmon can earn up to $15 million in 2024 deal with Rockies
Outfielder Charlie Blackmon can earn $2 million in performance bonuses as part of his 2024 contract with the Colorado Rockies, which would raise his pay to $15 million
2023-10-02 10:21
Here's what's left for the Supreme Court's final week of the term
Here's what's left for the Supreme Court's final week of the term
All eyes are on the Supreme Court for its final days of the term, as the justices will release cases on issues such as affirmative action, student loan payments and LGBTQ rights.
2023-06-28 23:50
Investors focused on June US jobs data after yields spike
Investors focused on June US jobs data after yields spike
By Saqib Iqbal Ahmed NEW YORK Investors are on edge ahead of Friday's U.S. jobs report after more
2023-07-07 13:26
The homeless handyman and the wealthy widow: Love or something darker?
The homeless handyman and the wealthy widow: Love or something darker?
When a drifter moves in with an older rich woman they say they are in love - but a family is torn apart.
2023-11-26 09:26
Britain’s Gen Z Workers Seek Lower Stress Jobs Over the Hustle
Britain’s Gen Z Workers Seek Lower Stress Jobs Over the Hustle
Gen Z workers in the UK are increasingly searching for less stressful jobs that still pay a reasonable
2023-08-11 12:19