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The Glazer family announced last November that they were exploring "strategic alternatives" for the club, including a possible sale and were open to fresh investment. Manchester United's U.S.-listed shares rose 9.5% to $20.10 in early trading on Friday. Manchester United generates more revenue and has a larger fan base than its London rival. The Glazer family has faced intense criticism from fans over its handling of this key part of the club's operations. The six descendants of American businessman Malcolm Glazer, who died in 2014, currently control 96% of Manchester United's voting stock.
Persons: Glazer, Jim Ratcliffe, Ratcliffe, Sir Alex Ferguson, Richard Arnold, Roman Abramovich, Todd Boehly, Phil Noble, Malcolm Glazer, Ineos, Eva Mathews, Matt Scuffham, Arun Koyyur, Susan Fenton Organizations: Manchester, soccer, Sky News, Old, Manchester United, Premier League soccer, Chelsea, U.S, Clearlake, REUTERS, Reuters, Tampa Bay Buccaneers, Forbes, Ligue, Nice, Swiss Super League, FC Lausanne, Racing Club Abidjan, Ivory Coast Ligue, Grenadiers, Thomson Locations: Old Trafford, Manchester United's U.S, London, Manchester, Britain, Ineos, British, Bengaluru
The offer represents a premium of 79.1% to the stock's Thursday closing price of $18.43, which gave the Old Trafford club a market capitalization of about $3 billion. Ratcliffe, also the chair of petrochemicals firm Ineos, would pay more than $1.5 billion for a 25% stake in United if his bid for the soccer club is accepted, Reuters reported in October. The Glazer family, which made its fortune in real estate, retail and healthcare and owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds in 2005. The six descendants of American businessman Malcolm Glazer, who died in 2014, together control 96% of Manchester United's voting stock. The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported on Friday.
Persons: Jim Ratcliffe, Phil Noble, Glazer, Ratcliffe, Malcolm Glazer, Richard Arnold, Patrick Stewart, Eva Mathews, Arun Koyyur Organizations: REUTERS, Manchester, soccer, Sky News, Old, U.S, Reuters, Tampa Bay Buccaneers, Premier League, Thomson Locations: Old Trafford, Manchester, Britain, United, Bengaluru
Man Utd CEO Arnold to leave club ahead of possible sale
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
Soccer Football - Funeral of former England and Manchester United footballer Bobby Charlton - Manchester Cathedral, Manchester, Britain - November 13, 2023 Manchester United CEO & director Richard Arnold arrives at Manchester Cathedral REUTERS/Phil Noble Acquire Licensing RightsCompanies Manchester United PLC FollowNov 15 (Reuters) - Manchester United (MANU.N) CEO Richard Arnold will step down, the Premier League club said on Wednesday, ahead of the club's reported stake sale to British billionaire Jim Ratcliffe. General counsel and board director Patrick Stewart, who has been with the club for over 17 years, will be become interim CEO. Patrick Stewart's appointment as interim CEO would allow United's new joint owners to identify the right long-term candidate to run the club, Sky News reported, citing one source. Manchester United did not immediately respond to a Reuters' request for comment on the rationale. Arnold will provide "transitional support" until the end of December, the club said, and they will start looking for a permanent CEO, United said in a statement.
Persons: Bobby Charlton, Richard Arnold, Phil Noble, Jim Ratcliffe, Patrick Stewart, Glazer, Arnold, Ed Woodward, Erik ten Hag, Ratcliffe, Patrick Stewart's, United, Yadarisa, Shinjini Ganguli, Bhattacharjee Organizations: Soccer, Manchester United, Manchester Cathedral, Manchester Cathedral REUTERS, Rights Companies Manchester United, Premier League, Reuters, Sky News, Thomson Locations: England, Manchester, Britain, United, Bengaluru
Aug 21 (Reuters) - Manchester United forward Mason Greenwood will leave Old Trafford, he and the Premier League club said on Monday, to avoid being a "distraction" despite being cleared of allegations of assault and attempted rape. But it said "all those involved, including Mason" recognised the difficulties with him recommencing his career at Manchester United. 'BEST DECISION'In a statement to British media, Greenwood said he had "made mistakes", adding: "I did not do the things I was accused of. "Today's decision has been part of a collaborative process between Manchester United, my family and me. There will always be a part of me which is United," added Greenwood, who also played once for England in 2020.
Persons: Mason Greenwood, Greenwood, United, Mason, Richard Arnold, Arnold, Aadi Nair, Pritha Sarkar, Nick Macfie Organizations: Manchester United, Premier League, United, Crown, Service, England, Wolverhampton Wanderers, Thomson Locations: Old Trafford, Bengaluru
CNN —Mason Greenwood is to leave Manchester United following the conclusion of an internal investigation into the allegations made against the 21-year-old. Greenwood had denied all the charges against him and Manchester United opened an investigation of their own. “All those involved, including Mason, recognise the difficulties with him recommencing his career at Manchester United,” said the club in a statement on Monday. Simon Stacpoole/Offside/Getty ImagesGreenwood hasn’t played for the team since he was arrested in January 2022 following the emergence of graphic videos and images on social media. In an open letter to supporters on Monday, Manchester United United chief executive Richard Arnold acknowledged the discontent but said he could now be transparent with fans about the internal investigation.
Persons: CNN — Mason Greenwood, Greenwood, Mason, , Simon Stacpoole, Greenwood hasn’t, , reintegrating, Richard Arnold, Mason’s, ” Arnold, ” Greenwood, It’s, Paul Currie, backtracked Organizations: CNN, Manchester United, Crown Prosecution Service, CPS, Greenwood, reintegrating Greenwood, Monday, Manchester United United, England, PR, Manchester United Supporters Trust, Club Locations: Old Trafford, Greenwood, Manchester
Davos 2023: What you need to know about the WEF on Monday
  + stars: | 2023-01-16 | by ( ) www.reuters.com   time to read: +2 min
DAVOS, Switzerland, Jan 16 (Reuters) - The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Soccer club Manchester United set out a dazzling shop front on the Davos high street, but insisted its lounge was to entertain clients and partners rather than to attract buyers. United's executive co-chairman Avram Glazer, a Davos regular, is expected to arrive later this week. Idris and Sabrina Elba are one of the recipients of this year’s prestigious Crystal Awards. "We are here at Davos to highlight the people and countries who are not making the headlines as much as my husband," said Sabrina Dhowre Elba, looking at her partner.
Net debt, a bone of contention for the fan base, grew nearly 23% to 514.9 million pounds, hurt by a weaker sterling. Register now for FREE unlimited access to Reuters.com RegisterThe 20-time English champions have seen several changes this year, including welcoming CEO Richard Arnold, who effectively replaced Executive Vice-chairman Ed Woodward. The club forecast total revenue for the 2022-23 period to be between 580 million and 600 million pounds and is targeting adjusted core profit between 100 million to 110 million pounds. The English Premier League soccer club reported a net loss of 70.7 million pounds for the three months to June 30, compared with a loss of 107.7 million pounds a year earlier. ($1 = 0.8855 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yadarisa Shabong and Chris Peters in Bengaluru Editing by Keith Weir and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
Agenția spațială rusă vinde un modul de coborâre Soyuz care a ajutat la revenirea pe Terra a trei astronauți de pe Stația Spațială Internațională. Anunțul de vânzare a fost postat pe Twitter, dar nu este specificat și prețul. „V-ați gândit vreodată să aveți un modul de coborâre Soyuz MS adevărat, ca piesă în colecția sau expoziția dvs.? Naveta rusă Soyuz MS-08, lansată pe 21 martie 2018 de la Cosmodromul Baikonur, a dus pe Stația Spațială Internațională trei membri ai echipajului expediției ISS-55/56 - cosmonautul Roscosmos Oleg Artemyev și astronauții NASA Andrew Feustel și Richard Arnold. La 4 octombrie 2018, modulul de coborâre scos acum la vânzare a aterizat înKazahstan, aducându-i pe cei 3 astronauți înapoi pe Pământ.
Persons: Oleg, NASA Andrew Feustel, Richard Arnold . Organizations: Terra, Stația Spațială, Stația, NASA
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