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Frenchman Soupe surprise winner of Vuelta stage seven
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +2 min
Sept 1 (Reuters) - Geoffrey Soupe came out on top in the predicted sprint finish to win a crash-ridden stage seven of the Vuelta a Espana on Friday. "I didn't think it was possible to win a stage because it's really, really, really fast in the sprint," Soupe said. "Yet today it's really nervous in the final (sprint), we have a lot of roundabouts, a lot of wind also. Groves, winner of stages four and five, managed to win the intermediate sprint to maintain his grip on the Green jersey. An earlier crash saw Geraint Thomas and Kim Heiduk of Ineos Grenadiers involved, with the Welshman needing treatment before returning to the bunch.
Persons: Geoffrey Soupe, Aular, Edward Theuns, Kaden Groves, it's, Soupe, Sepp Kuss, Thymen Arensman, Oliva, Ander Okamika, Jose Herrada, Herrada, Okamika, Groves, Frenchman Lenny Martinez, Marc Soler, Geraint Thomas, Kim Heiduk, Trevor Stynes, Ken Ferris Organizations: Ineos Grenadiers, Thomson Locations: Utiel, Burgos, Denia, Xorret
Ineos Grenadiers rider De Plus out of Vuelta after TT crash
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +1 min
Aug 27 (Reuters) - Ineos Grenadiers rider Laurens de Plus failed to start the second stage of the Vuelta a Espana on Sunday after sustaining an injury in a rain-hit team time trial. De Plus crashed during the opening stage in Barcelona on Saturday and scans revealed he had suffered a fractured hip. "He underwent a range of imaging on an injury sustained to his right hip, which showed a non-displaced fracture," Ineos Grenadiers said in a statement. "A treatment plan for Laurens is currently being finalised and we look forward to him making a full and speedy recovery." The absence of Belgian De Plus is a blow to Ineos Grenadiers general classification contender Geraint Thomas as he would have been a domestique in the many mountain stages to come.
Persons: Laurens de, Ineos, Laurens, Geraint Thomas, Jumbo Visma, Jonas Vingegaard, Primoz, Martyn Herman, Ed Osmond Organizations: Ineos Grenadiers, Belgian, Thomson Locations: Barcelona
Former Team Sky doctor Freeman banned for four years
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Aug 15 (Reuters) - Former British Cycling and Team Sky chief medical officer Richard Freeman has been banned from all sport for four years, effectively Dec. 21 next year, UK Anti-Doping (UKAD) said on Tuesday. "The decision of the independent tribunal of the National Anti-Doping Panel confirms that Richard Freeman broke the UK Anti-Doping Rules," said UKAD chief executive Jane Rumble. UKAD opened an investigation in 2016 after receiving information of a possible anti-doping violation by individuals linked to Team Sky at the Criterium du Dauphine race in June 2011. Freeman worked for British Cycling and Team Sky during a golden period of success between 2009 and 2017. British Cycling chair Frank Slevin noted the verdict and thanked the NADP for its work.
Persons: Richard Freeman, UKAD, Freeman, Jane Rumble, sachets, Sky, Frank Slevin, Richard Freeman’s, Alan Baldwin, Ed Osmond, Pritha Organizations: British Cycling, Team Sky, Sky, Criterium, Investigators, General Medical Council, Thomson Locations: British, Manchester, Ineos
REUTERS/Dado Ruvic/Illustration/File PhotoAug 14 (Reuters) - U.S. natural gas producer Chesapeake Energy (CHK.O) said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources (SBOW.N) for $700 million, completing its exit from the south Texas basin. Chesapeake said last year it viewed the Eagle Ford acreage as no longer core to its strategy and would focus on the gas-rich Marcellus and Haynesville shale formations. The Oklahoma City-based energy producer also faced pressure from activist investment firm Kimmeridge Energy Management, which has urged a shift toward solely natural gas production. SilverBow said the deal, expected to close by the end of this year, would make it the largest public pure-play Eagle Ford operator and would immediately add to key financial and operating metrics. The deal consists of a $650 million upfront cash payment due at closing and an additional $50 million deferred cash payment 12 months after close.
Persons: Dado Ruvic, Chesapeake, Marcellus, boe, SilverBow, Arunima Kumar, Sriraj Organizations: Chesapeake Energy, REUTERS, Eagle Ford, SilverBow Resources, Energy, Oklahoma, Kimmeridge Energy Management, Chesapeake, Eagle, Thomson Locations: Texas, Eagle Ford, Dimmit, Webb, Chesapeake, Bengaluru
Ganna beats tech guru Bigham to pursuit gold
  + stars: | 2023-08-06 | by ( Martyn Herman | ) www.reuters.com   time to read: +3 min
For Ineos Grenadiers road powerhouse Ganna, twice the road time trial world champion, it was consolation after Olympic champions Italy lost in the final of the team pursuit to Denmark on Saturday. "Thanks to Dan for an amazing battle in this velodrome," the 27-year-old Ganna said after claiming his seventh track world title, six of them coming in the 4km individual pursuit. Aerodynamics guru Bigham was part of Britain's gold medal-winning team pursuit squad at last year's track worlds and is eyeing next year's Olympics in Paris. He worked with the Denmark team pursuit squad that won the 2020 world title in Berlin in a then world record time. The pair shared a warm embrace after the race with Bigham saying they had a 'mutual respect' for each other's skills.
Persons: Daniel Bigham, Filippo Ganna, Ganna, Dan, Bigham, Belgium's Victor Campenaerts, Ineos, Filippo, I'm, it's, I've, Lotte Kopecky, Belgium's, France's Valentine Fortin, Jennifer Valente, Iuri Leitao, Benjamin Thomas, Martyn Herman, Clare Fallon, Pritha Organizations: GLASGOW, Ineos Grenadiers, Olympic, Italy, Thomson Locations: Ganna, Denmark, Paris, Swiss, Berlin, Grenchen, Andorra, United States, American, Portugal
Aug 1 (Reuters) - The first edition of the combined UCI Cycling World Championships begins in Glasgow on Thursday with 11 days of high-octane action across virtually every discipline. Archibald, whose first ventures in track cycling were at the Glasgow velodrome, will be part of a British track team looking to flex their muscles ahead of the Paris Olympics. Britain were only fifth in the medals table at last year's track world championships in Paris with three golds -- the men's team pursuit, men's omnium and women's points race. Track world championships ahead of an Olympic Games can be cagey meetings, with the big nations sometimes reluctant to play their hands -- although the British team will be airing their cutting-edge Hope-Lotus track bike. Other events at the world championships include indoor cycling and a full para road and track programme.
Persons: Chris Hoy, Katie Archibald, Rab Wardell, Rab, Archibald, men's, Harrie Lavreysen, Filippo Ganna, Jonas Vingegaard, Remco Evenepoel, Wout van Aert, Jasper Philipsen, Tadej Pogacar, Mads Pedersen, Mathieu van der, Demi Vollering, van Vleuten, Lotte Kopecky, Lizzie Deignan, Beth Shriever, Charlotte Worthington, Tom Pidcock, Martyn Herman, Christian Radnedge Organizations: UCI, Glasgow, BBC, Paris, Olympic, Tour de France, de, Belgian, Femmes, Grenadiers, Tokyo, Thomson Locations: Glasgow, Scottish, omnium, madison, British, Britain, Paris, Italy, Sunday's, Edinburgh, Tokyo
They instantly connected and maintained a long-distance relationship for a year after his road trip ended before moving to Hong Kong to start a life together. During the project, dubbed “Project Wild Earth,” they will also share stories on their website and social media accounts about inspiring rangers, support organizations, government officials and entrepreneurs they work or come in contact with. Leah, an American, worked as a primary school teacher and helped establish a Sudbury school in Hong Kong that empowers children to direct their own education. The Priors found themselves stuck in Hong Kong, which had some of the strictest pandemic restrictions in the world due to its “zero-Covid” approach. “When these things unfolded in Hong Kong, we had to reconsider everything.
Persons: we’re, Matt, Leah Prior, Leah, Zapp, Graham, Paige, “ Leah, ” Matt, , , AdventureX, Jack, Matt couldn’t, “ Jack, Sai Kung, “ It’s, Dr, Jane Goodall, Tompkins, Allen, , Reinhard Dirscherl, Charlotte, they’ll Organizations: CNN, The Explorers Club, Sumy Sadurni, Getty, Allen Coral Atlas, Jane, Jane Goodall Institute and, Bank Locations: Charlotte, Laos, London, South Korea, Hong Kong, Europe, Central Asia, China, Southeast Asia, Asia, Pacific, Africa, Americas, American, Sudbury, British, Indonesia, Hong, New Territories, AFP, Patagonia, agroforestry
Tour de France: Huge crash on stage 15
  + stars: | 2023-07-16 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +2 min
CNN —Crashes in the Tour de France are commonplace, but a pile-up during Sunday’s Stage 15 was particularly eye-catching as a number of riders fell after a fan apparently tried to take a picture. Eurosport commentary during live coverage of the race said a spectator had caused a rider to be put off balance. The Team Jumbo-Visma rider fell, causing others to follow on a narrow section of a road. You don’t need a phone to create mind-blowing memories.”Around 20 riders fell off their bikes. In 2021, a fan stepped in front of the racing pack holding a cardboard sign, causing dozens of cyclists to crash during the Tour.
Persons: Les, Soleil, Gervais, , Dan Lloyd, , Carlton Kirby, Sepp Kuss, Nathan van Hooydonck, Benoit Tessier, Confidis Organizations: CNN, Tour de France, Sunday’s, Blanc, Eurosport, Jumbo, BBC, Team, INEOS Grenadiers Locations: Saint, cycling’s
CNN —Paris Saint-Germain (PSG) coach Christophe Galtier is to stand trial in Nice, France, over allegations of psychological harassment and racial discrimination, according to the public prosecutor involved in the case. Xavier Bonhomme, the prosecutor for the judicial court in Nice, tweeted a photo of the office’s press release relating to the matter on Friday. Prosecutors say the two men have denied the offenses. Prosecutors in Nice say that the preliminary investigation involved interviews with Nice players during Galtier’s tenure, as well as directors and staff members at the club. Prosecutors say the maximum punishment Galtier could face if found guilty of psychological harassment and racial discrimination is a three year prison sentence and a €45,000 fine (around $49,000)
Persons: Germain, Christophe Galtier, Xavier Bonhomme, John Valovic, Galtier, Valovic, , , Olivier Martin, Julien Fournier, Fournier, Julien Absalon, Dave Brailsford, Galtier’s Organizations: CNN, Paris Saint, PSG, Prosecutors, Nice, OGC Nice Locations: Nice, France, Galtier, Europe
After a start in Bilbao, Spain, the Tour heads to France on Monday with visits to Bayonne, Dax, Pau and Bordeaux during the week. Foreign team members have confessed not knowing much about the situation in France, arguing they are in a 'bubble' on the Tour de France. Tour de France organisers say they are ready to adjust to any situation. "I don't really have any comment on it, that's one for the authorities who are working very hard," Rod Ellingworth, the racing director of the Ineos-Grenadiers team, told Reuters. "The organisers did not even mention it at the team meeting (before the start of the race).
Persons: Prudhomme, Rod Ellingworth, Philippe Mauduit, Adrien Petit, Julien Pretot, Christian Radnedge Organizations: SEBASTIAN, Tour de, Tour de France, de France, State, Grenadiers, Reuters, Citroen, Thomson Locations: Spain, Bilbao, France, Bayonne, Dax, Pau, Bordeaux, North
In June, Swiss rider Gino Mäder died aged 26 following a crash on the fifth stage of the Tour de Suisse. Gino Mäder competes in the fourth stage of the 2023 Tour de Suisse. “I think especially for everyone who was at the race [Tour de Suisse], that was pretty hard hitting,” the British rider told reporters on Wednesday. A pedestrian walks past a giant yellow jersey ahead of the 110th edition of the Tour de France in Bilbao. Goyvaerts/AFP/BELGA/Getty ImagesElsewhere, 2019 Tour de France champion Egan Bernal is competing in his first Grand Tour event since suffering serious injuries in a crash last year.
Persons: CNN —, Gino Mäder, Mäder, Magnus Sheffield, Dario Belingheri, Adam Hansen, Associés, Hansen, it’s, ” Hansen, , Tom Pidcock, Ineos, we’re, Joel Sagat, ” Jonathan Vaughters, , we’ve, , Marco Bertorello, Jonas Vingegaard, Dauphiné, Vingegaard, Jumbo –, Tadej, Pogačar, Egan Bernal Organizations: CNN, de France, Tour de Suisse, de Suisse, Tour de France, CNN Sport, , Suisse, Getty, CPA, Union Cycliste Internationale, Post, Guardian, , UAE Emirates, Goyvaerts, de, USA Network, NBC, Eurosport, ITV Locations: Swiss, La Punt, Chur, 100kph, lycra, AFP, Dauphine, Switzerland, France, Bilbao, Spain, Paris, Danish, Slovenian, Pogačar, UAE
Mader dies after ravine crash on Tour de Suisse
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +2 min
June 16 (Reuters) - Swiss rider Gino Mader has died after crashing into a ravine on the descent towards the finish line in Thursday's stage five of the Tour de Suisse, his team Bahrain Victorious said on Friday. Mader, 26, crashed on the descent towards La Punt and fell into a ravine where he was found unresponsive by the race doctor and resuscitated before being air-lifted to hospital. In a Bahrain Victorious statement, team managing director Milan Erzen said: "We are devastated by the loss of our exceptional cyclist, Gino Mader. Mader joined the Bahrain Victorious team in 2021 and won a stage of the Giro d'Italia that year. Stage five of the Tour de Suisse had raised some eyebrows in the peloton because of its fast descent near the finish.
Persons: Gino Mader, Bahrain Victorious, Gino couldn't, Mader, Magnus Sheffield, Milan Erzen, Erzen, Gino, Remco Evenepoel, Martyn Herman, Rohith Nair, Toby Davis Organizations: Tour de Suisse, Bahrain, La, Ineos Grenadiers, Bahrain Victorious, CPA, Twitter, Thomson Locations: Swiss, Chur, La Punt, Bahrain, Espana, London, Bengaluru
CNN —Swiss cyclist Gino Mäder has died aged 26 following a crash on the fifth stage of the Tour de Suisse, his Bahrain Victorious team announced on Friday. Almost 200 kilometers into the race, Mäder crashed at high speed with American rider Magnus Sheffield, race organizers said in a statement on Thursday. “On Friday 16th June, following a very serious crash during stage 5 of the Tour de Suisse, Gino lost his battle to recover from the severe injuries he sustained,” Bahrain Victorious said in a statement. Mäder, who has been riding for Bahrain Victorious since 2021, previously won stages of the Giro d’Italia and the Tour de Suisse. “We are devastated by the loss of our exceptional cyclist, Gino Mäder,” said Milan Erzen, managing director of Bahrain Victorious.
Persons: Gino Mäder, Mäder, Magnus Sheffield, , Gino, ” Bahrain Victorious, ” Mäder, , Milan Erzen Organizations: CNN, Tour de Suisse, Bahrain Victorious, , de Suisse, UCI, Ineos Grenadiers, Sheffield Locations: Swiss, La Punt, ” Bahrain, Chur, Bahrain, “ Bahrain, Sheffield
Swiss Mader resuscitated after crashing into ravine
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: 1 min
June 15 (Reuters) - Swiss rider Gino Mader was resuscitated and transported by helicopter to hospital following a crash during stage five of Tour de Suisse, his team Bahrain Victorious said on Thursday. Mader went off the road on the descent towards the finish line and fell into a ravine before being treated by the race doctor, the team said in a statement. "Gino Mader laid motionless in the water. He was immediately resuscitated and then transported to hospital by air ambulance. Reporting by Anita Kobylinska in Gdansk, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Gino Mader, Bahrain Victorious, Mader, Magnus Sheffield, Anita Kobylinska, Ed Osmond Organizations: de Suisse, Bahrain, Ineos Grenadiers, Thomson Locations: Swiss, Gdansk
Manchester United is widely seen as one of the most prized assets in all of sport. Shares of Manchester United jumped nearly 15% on the news, before paring some gains. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Persons: Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim, Anirban Sen, Amy, Jo Crowley, Greg Roumeliotis Organizations: Manchester United, Qatari, Manchester United . Manchester United, National Football League's Washington, Representatives, Deloitte, Thomson Locations: Thani, Ratcliffe, New York, London
LONDON, ENGLAND - JUNE 03: A Manchester United flag is waved from the stands during the Emirates FA Cup Final between Manchester City and Manchester United at Wembley Stadium on June 03, 2023 in London, England. Ratcliffe's offer envisions that the Glazers would keep some interest in Manchester United. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Persons: Michael Regan, Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim Organizations: Manchester, Emirates, Manchester City, Manchester United, Wembley, Getty, Qatari, Manchester United . Manchester United, Representatives Locations: ENGLAND, London, England, Thani, Ratcliffe
June 13 (Reuters) - Shares of Manchester United (MANU.N) jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were trading at $23.07, after rising as much as 30% before the opening bell. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.
Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Molly Darlington, Jim Ratcliffe's INEOS, Sheikh Jassim's, Glazer, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United, English, Watan, Premier League soccer, CNBC, Reuters, Soccer Football, Manchester City, FA, REUTERS, Mail, Thomson Locations: Qatar's Al, Old Trafford, Manchester, Britain, New York, Bengaluru
June 13 (Reuters) - Manchester United's shares (MANU.N) were up 15% in premarket trading on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were up at $23.07, paring almost half their premarket gains on Tuesday. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.
Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Jim Ratcliffe's INEOS, paring, Glazer, Sheikh Jassim's, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United's, English, Watan, Premier League soccer, CNBC, Reuters, Manchester United, Daily Mail, Thomson Locations: Qatar's Al, . New York, Bengaluru
Latest 'deadline' looms in Man Utd takeover saga
  + stars: | 2023-06-09 | by ( Mitch Phillips | ) www.reuters.com   time to read: +4 min
LONDON, June 9 (Reuters) - Manchester United fans can be forgiven if they refrain from eagerly checking the news on Friday as the latest "deadline" looms in the meandering seven-month saga of the club's sale that is beginning to resemble the final series of TV's Succession. That comes two months after a "third and final offer" was said to have been tabled. Media reports in the UK suggested that the Glazers are seeking six billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but that neither bid is that high. Further bids followed, up to the Qatari's earlier this week, which is said to include clearing nearly a billion pounds of club debt and a commitment to a major redevelopment of Old Trafford. Reporting by Mitch Phillips, editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Jassim bin Hamad, Briton Jim Ratcliffe, Sheikh Jassim, Glazer, Todd, Ratcliffe, Joel, Avram Glazer, Glazers, Erik ten Hag, United's, Mitch Phillips, Toby Davis Organizations: Manchester United, Daily Mail, Reuters, Guardian, United, Media, Premier League club Chelsea, Washington Commanders NFL, Raine Group, Ineos Grenadiers, Britain's Times, Group, Champions League, Manchester, Inter Milan, Premier League, FA Cup, Thomson Locations: Thani, Briton, Qatar, Old Trafford, Old Trafford . Manchester, France, Switzerland
Thomas feels no pressure in wearing leader's pink jersey
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Cycling - Giro d'Italia - Stage 9 - Savignano sul Rubicone to Cesena Tudor ITT - Italy - May 14, 2023 INEOS Grenadiers' Geraint Thomas during the individual time trial REUTERS/Jennifer LorenziniMay 16 (Reuters) - Geraint Thomas said he is relishing the opportunity to win the Giro d'Italia and feels no pressure after inheriting the leader's maglia rosa jersey following Remco Evenepoel's withdrawal. Thomas has enjoyed little luck at the Giro but the 36-year-old said he is keen to improve his results. Three years earlier his race came to an end after he damaged his shoulder in a pile-up involving a police motorbike. "It would be amazing to win, especially after 2020 when I thought that was it for my chance to win the Giro," Thomas, who won the 2018 Tour de France, said. "I don't feel much pressure or expectation, but I'd love to take this opportunity.
April 29 (Reuters) - Jim Ratcliffe's Ineos has outbid a Qatari group led by Sheikh Jassim bin Hamad al-Thani in the battle to buy Manchester United (MANU.N), The Times reported on Saturday, citing sources. Ineos is the only bidder to have valued the club higher than 5 billion pounds ($6.29 billion), the report added. ($1 = 0.7954 pounds)(This story has been corrected to fix the bid value in the headline and tense in paragraph 1)Reporting by Rahat Sandhu in Bengaluru; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
April 23 (Reuters) - Belgian Remco Evenepoel claimed back-to-back wins in the Liege-Bastogne-Liege one-day race on Sunday with a stunning solo ride to victory while Slovenia's pre-race favourite Tadej Pogacar had to abandon the race after fracturing his wrist in a crash. Soudal Quick-Step's Evenepoel first attacked with about 34 km left with Ineos Grenadiers' Tom Pidcock joining him at the front. But Evenepoel attacked again on the next climb to leave the Briton behind with 30 km to go. My back wheel went a bit like it did last year (on a turn)," Evenepoel said. I said I wanted the picture with the jersey to put in my bedroom," Evenepoel added.
April 17 (Reuters) - Shares of Manchester United PLC (MANU.N) fell 13% on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club. The family also expects the investment to help them double the value of the club over the next 10 years, ESPN reported, citing a source. Shares fell to their lowest since late NovemberA small portion of the club's shares is listed on the New York Stock Exchange. Any sale of the club would likely exceed the biggest sports deal so far - the $5.2 billion including debt and investments paid for Chelsea - sources had told Reuters previously. ($1 = 0.8083 pounds)Reporting by Akash Sriram in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
April 13 (Reuters) - Finnish businessman Thomas Zilliacus has dropped out of the bidding for Manchester United, saying delays in the sale process will make it difficult for a new owner to build a winning team. United's American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March. read more"I have declined participation in a third bidding round for United," Zilliacus said on social media. "The delays will make it very difficult for any new owner to build a winning team for next season." Sports industry news site Sportico reported this week that Manchester United would accept a third round of bids from prospective buyers at the end of the month.
April 11 (Reuters) - Manchester United will accept a third round of bids from prospective buyers at the end of the month as the Premier League club's owners explore a sale, sports industry news site Sportico reported on Tuesday. Manchester United and Raine Group, the investment bank running the bidding process, did not immediately respond to a Reuters request for comment. United's American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March. Any sale would likely exceed the biggest sports deal so far, the $5.2 billion including debt and investments paid for Chelsea. Reporting by Aadi Nair in Bengaluru; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
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