DIRS.INFO The most relevant business & tech news

☆ INEOS confirms entering bidding process to buy Manchester United
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of British soccer club Manchester United is seen at a lounge during the World Economic Forum (WEF) 2023 in the Alpine resort of Davos, Switzerland, January 15, 2023. REUTERS/Arnd WiegmannJan 17 (Reuters) - Jim Ratcliffe's company INEOS has formally entered the bidding process to buy Premier League soccer club Manchester United, a spokesperson for the chemical firm told Reuters on Tuesday. In August, British billionaire Ratcliffe, a long-time fan of the club, expressed interest in buying United, Reuters reported. "I can confirm that we have formally put ourselves into the process," an INEOS spokesperson said in a statement on Tuesday. INEOS's interest in United comes after the energy group also bought French Ligue 1 club Nice in 2019.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ Saudi Arabia wants its investors to own Manchester United and Liverpool
▼ + stars: | 2022-11-25 | by ( Rob Harris | ) www.cnbc.com time to read: +5 min

Cristiano Ronaldo of Manchester United in action during the Premier League match between Manchester United and Liverpool FC on Aug. 22, 2022 in Manchester, England. Ash Donelon | Manchester United | Getty ImagesSaudi Arabia says it wants its investors to take over Manchester United and Liverpool – and hopes Cristiano Ronaldo comes to play in its domestic league. More from Sky Sports:Glazers open to selling Manchester United; Club valued around £5 billionWill Manchester United and Liverpool sales turn into bidding war? Manchester United sale Q&A: Who are the contenders? Cristiano Ronaldo of Manchester United walks on the pitch during a Premier League match between Manchester United and Liverpool FC on Aug. 22, 2022 in Manchester, England.

Deals for European football clubs this year, beginning with the sanctions-driven sale of Chelsea Football Club by Russian oligarch Roman Abramovich in May, have fetched top dollar. Those complaints were aired again this month by superstar player Cristiano Ronaldo, who parted ways with Manchester United for the second time. Spokespeople for the six members of the Glazer family that are major Manchester United shareholders could not be reached for comment. More deals are in the works, with Manchester United arch rival Liverpool Football Club also exploring a sale. In August, Elon Musk tweeted: "I'm buying Manchester United ur welcome" only to then clarify he meant it as a joke.

☆ Manchester United owners, reviled by many of the team's fans, may sell club
▼ + stars: | 2022-11-23 | by ( ) www.nbcnews.com time to read: +3 min

Manchester United has said it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. The last silverware they won was the Europa League and League Cup back in 2017. Wealthy Asian tycoons, especially those from China, have been buying European teams in recent years including Premier League side Wolverhampton Wanderers and Italy’s Inter Milan. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalization of $2.6 billion. The Glazers bought the club for 790 million pounds ($939.07 million) in 2005 in a highly leveraged deal which has been criticized for loading debt onto the club.

☆ Manchester United Might Catch Buyers Offside
▼ + stars: | 2022-11-23 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Manchester United’s Cristiano Ronaldo, who has just departed the club, reacts during a game against Real Sociedad in September. Manchester United may have lost its star Cristiano Ronaldo, but its shareholders could be about to score big—at the expense of a new owner. The American Glazer family, which currently controls the club, said Tuesday it was looking to bring in outside investment, including the possibility of an outright sale. The Glazers hold all of Manchester United’s B-class shares, giving them 65% of the total equity. The publicly traded A-class shares closed up 15%.

☆ Manchester United fans want more say under any new owners
▼ + stars: | 2022-11-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 23 (Reuters) - Manchester United needs new owners and fresh investment to halt years of decline and fans should be given a real say in how the club is run in future, the Supporters Trust MUST said on Wednesday. "Any new ownership structure must embed supporters, including a degree of fan share ownership, in their operating model." Manchester (United) is a marketing club," Portuguese forward Cristiano Ronaldo said this month in an explosive interview that led to his departure. Duncan Drasdo, the MUST chief executive, told Sky Sports television "the real way to unlock the value of Manchester United is to work in partnership with the fans, not exploit them as customers. Ratcliffe, a lifelong United fan who heads chemicals company INEOS, said last month he had contacted the Glazer family about buying United but was told the club was not for sale.

☆ Manchester United buyer will need love and money
▼ + stars: | 2022-11-23 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

LONDON, Nov 23 (Reuters Breakingviews) - Anyone who wants to buy Manchester United (MANU.N) will need deep pockets and a big heart. The famous soccer club’s controlling shareholders, the Glazer family, said on Tuesday they’re considering selling after 17 years. The Glazers kicked off the trend of American sport investors buying British clubs when they took control of Manchester United in 2005. Soccer clubs’ revenue has boomed due to increasing demand from broadcasters and richer sponsorship deals. Manchester United benefited not just from being one of global football’s strongest brands, but also by roping in local sponsors like Japanese noodle makers.

☆ Manchester United's American owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: +3 min

A football fan chants slogans before a protest against the ownership of Manchester United. Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. "We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future," the statement said. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest.

☆ Manchester United owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

The owners are under pressure with United sitting fifth in the Premier League halfway through the season, which has been suspended because of the current Qatar World Cup. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalisation of $2.6 billion. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest. United finished sixth last season in their worst Premier League campaign in terms of points earned, failing to qualify for the lucrative European Champions League competition.

☆ Cristiano Ronaldo: Has Portuguese star ruined his legacy after TV interview slamming Manchester United?
▼ + stars: | 2022-11-16 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +8 min

It is no secret that the Portuguese superstar has not enjoyed a fairytale reunion with Manchester United ever since he returned to Old Trafford last year. Since trying to force a move away from United over the summer, Ronaldo has featured sparingly, only making 16 appearances for the Red Devils. “He thinks he is [bigger than Ten Hag] and in the footballing world he is, but at Manchester United right now he’s not. Manchester United beat Fulham on Sunday, taking the club to fifth place in the Premier League table. In that statement, the club said: “Manchester United notes the media coverage regarding an interview by Cristiano Ronaldo.

☆ INEOS chief Ratcliffe contacted Glazers but told Man United not for sale
▼ + stars: | 2022-10-11 | by ( Peter Hall | ) www.reuters.com time to read: +2 min

MANCHESTER, England, Oct 11 (Reuters) - British billionaire Jim Ratcliffe said he had contacted Manchester United owners the Glazer family about buying the English Premier League club, but was told they were not for sale. Register now for FREE unlimited access to Reuters.com Register"Manchester United is owned by the Glazer family, whom I have met," Ratcliffe told an event hosted by the Financial Times on Tuesday. "If it had have been for sale in the summer, yes, we would have probably had a go following on from the Chelsea thing, but we can't sit around hoping that one day Manchester United will become available." Purchasing another Premier League team is not out of the question. "We have an exciting sporting franchise (Nice in France's Ligue 1), but the one thing we don't have is a Premier (League) team," Ratcliffe added.

Search resuls for: "Glazers"

12 mentions found