Monday, June 30, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World Europe

A Billionaire Bought a Chunk of Manchester United. Now He Has to Fix It.

22 February 2024
in Europe
0 0
A Billionaire Bought a Chunk of Manchester United. Now He Has to Fix It.
Share on FacebookShare on Twitter


Jim Ratcliffe, the British billionaire, was feeling the strain of the six-month-old process when he first brought out the Champagne to toast his potential purchase of Manchester United at the Monaco Grand Prix in May. However, the celebration turned out to be premature as there was no deal yet.

The negotiations for the sale of Manchester United, a club with a rich history and global brand, were complex and unpredictable. The media closely followed the bidding war between Ratcliffe and a Qatari sheikh.

Despite months of discussions and speculation, a sale did not materialize immediately. Eventually, on Dec. 26, the Glazers announced that they had agreed to sell 25 percent of United to Ratcliffe for over $1.5 billion. Ratcliffe, as the new minority owner, would take over the day-to-day management of the club’s soccer operations.

Ratcliffe acknowledged that revitalizing United, a once dominant team now struggling on the field, would be a challenging and lengthy process. He emphasized a new soccer-focused approach under his leadership, distinct from the commercial priorities of the Glazers.

Ratcliffe highlighted the importance of success for United’s brand and expressed confidence in his relationship with the Glazers. He explained the delays in finalizing the deal were due to various factors, including regulatory requirements and competing bids.

Despite his ambition to restore United’s glory, Ratcliffe acknowledged the challenges posed by Premier League regulations and financial constraints. He discussed potential stadium upgrades and his vision for the club’s future.



Source link

Loading spinner
Tags: BillionaireBoughtChunkfixManchesterUnited
Previous Post

Consolidation continues in micromobility as Cooltra snaps up Cityscoot

Next Post

Nurse who told teen patient to ‘kiss my a**e’ given suspension

Related Posts

EU to boost food exports to Ukraine as part of updated trade deal
Europe

EU to boost food exports to Ukraine as part of updated trade deal

by My News Wave
30 June 2025
0

The EU has reached a preliminary agreement with Ukraine to enhance food exports, adjusting their prewar trade pact and requiring Ukraine to align its agricultural standards with EU regulations by 2028. This deal, aimed at addressing concerns from EU farmers, follows tensions over Ukrainian imports affecting local markets, particularly in Poland and Hungary, and includes provisions for increased quotas while maintaining market stability. Explain It To Me Like I'm 5: The EU and Ukraine have...

Read more
ECB warns global shifts make inflation fight tougher
Europe

ECB warns global shifts make inflation fight tougher

by My News Wave
30 June 2025
0

The European Central Bank (ECB) has warned that maintaining inflation control will be increasingly challenging due to trade tensions and structural shifts, committing to a "forceful or persistent" response to inflation deviations from its 2% target. ECB President Christine Lagarde emphasized their dedication to price stability amid a rapidly changing economic landscape, while the bank continues to adapt its monetary policy tools. Explain It To Me Like I'm 5: The European Central Bank is working...

Read more
The EU’s plans to change the world will fall short
Europe

The EU’s plans to change the world will fall short

by My News Wave
30 June 2025
0

This article discusses recent trade developments, including Donald Trump's halt in talks with Canada over a digital services tax, prompting Canada to rescind it. It critiques Ursula von der Leyen's ambitions to reform the WTO, arguing that without participation from major players like the US, China, and India, any new governance structure would likely be ineffective. Explain It To Me Like I'm 5: The article discusses recent trade tensions involving Donald Trump and Canada, critiques...

Read more
European parliament wades into Trump trade deal haggling
Europe

European parliament wades into Trump trade deal haggling

by My News Wave
29 June 2025
0

This article highlights a Financial Times investigation revealing that Russia's FSB is grooming Ukrainian youth to spy against their country. Meanwhile, European lawmakers express concerns over US trade negotiations, particularly regarding the enforcement of the Digital Markets Act, as the Eurogroup leadership race approaches with incumbent Paschal Donohoe likely to secure another term amidst challenges from socialist candidates. Explain It To Me Like I'm 5: The article discusses how a spy agency in Russia is...

Read more
Poland to boost howitzer shells output in face of Russian threat
Europe

Poland to boost howitzer shells output in face of Russian threat

by My News Wave
29 June 2025
0

Poland plans to quintuple its howitzer ammunition production to enhance self-sufficiency and mitigate reliance on imports amid concerns over Russian aggression, as announced by state assets minister Jakub Jaworowski. The government will allocate 2.4 billion zlotys to state-controlled PGZ to boost annual output of 155mm and 120mm shells, addressing significant defense shortages and transitioning focus towards domestic manufacturing. Explain It To Me Like I'm 5: Poland is planning to make a lot more big bullets...

Read more
Is the US jobs market weakening?
Europe

Is the US jobs market weakening?

by My News Wave
29 June 2025
0

The upcoming US jobs report for June is expected to show a slowdown in hiring, with economists predicting 120,000 new jobs added and an increase in the unemployment rate to 4.3%. This data will reflect the impact of Donald Trump's government cuts and tariff policies, while also indicating that continuing jobless claims have reached their highest level since late 2021. Explain It To Me Like I'm 5: In June, fewer people in the US got...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • "Least Interested"- Emma Hayes's Perfect Reply To USWNT's Next Face Question After Alex Morgan's Retirement
  • Benjamin Netanyahu to meet Donald Trump next week amid calls for Gaza ceasefire | World News
  • What Are the 5 Best Pipeline Stocks to Buy Right Now?
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In