Hua Hong Wins Nod for $2.6 Billion Shanghai Listing
Hua Hong Semiconductor Ltd. has received a green light for its 18 billion yuan ($2.6 billion) second listing
2023-05-18 11:05
Best NBA prop bets today for Suns vs. Nuggets Game 5 (Trust stars to keep shining)
Home teams are a perfect 4-0 in the Denver Nuggets-Phoenix Suns series in the Western Conference semifinals, and the series shifts back to Denver for Game 5 on Tuesday night.While I personally like Denver in this game, there are plenty of prop bets to choose from as well, especially with Nikola ...
1970-01-01 08:00
$2,300 Magic Leap 1 Headset Will Stop Working After 2024
It's probably easy to forget that Magic Leap still exists, but its 5-year-old, first-gen product
2023-09-06 01:39
Empty grandstands at Las Vegas GP as chaotic practice session takes place at 3am
The grandstands at F1’s Las Vegas Grand Prix were close to empty during Thursday night’s (16 November) chaotic practice. Session one was cancelled after just nine minutes when a broken drain cover damaged Carlos Sainz’s Ferrari. The second practice was subsequently pushed back by over two hours, as officials worked to inspect the track. By the time drivers returned to the circuit - around 2:30am local time on Friday morning, the grandstands were empty. A statement from F1 confirmed that all fan areas were closed at 1:30am - before the second session started - “due to logistical considerations for our fans and our staff”. Read More Ferrari team boss fumes over damage to Sainz car: ‘Just unacceptable’ Jacques Villeneuve becomes first F1 driver to get married in paddock at Las Vegas GP Watch: Sainz hits loose drain cover on Las Vegas track as F1 practice turns to chaos
2023-11-17 20:53
The Chinese groups accused of hacking the U.S. and others
SINGAPORE Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns
2023-05-25 20:56
Ford scales back Michigan battery plant, restarts construction
By Joseph White DETROIT Ford will scale back the investment, capacity and the number of jobs planned for
2023-11-21 23:38
Fox News’ Greg Gutfeld slams 'woke' Disney as he calls ‘The Marvels’ 'dogs**t', Internet agrees
Greg Gutfeld criticized Disney for what he perceives as 'woke' decisions in light of the underwhelming performance of ‘The Marvels'
2023-11-15 15:42
Who is Chandler Hallow? MrBeast's closest companion suffers from achromatopsia
Chandler Hallow sees the world in shades of black, white, and gray, without the ability to see colors
2023-07-25 21:57
Warner, Smith hit fifties as Australia start strong against Dutch
David Warner and Steve Smith hit half-centuries to give Australia a solid start against the Netherlands in a World...
2023-10-25 18:12
The lesson Qatar has learned as Manchester United takeover bid enters final stages
Raine have continued talks with all bidders for Manchester United this week, as the prospective sale of the club enters its protracted final stages. Buyers have been reluctant to give a timescale on when they expect the process to be completed, as so many superficial deadlines have already passed. While most of the focus has been on Sir Jim Ratcliffe and Qatar’s Sheikh Jassim-fronted bid, those bidding for a minority are still in the race. Most notably, no party currently see themselves as out of it, even though the general feeling has been we are approaching the time when the Glazers are moving to “complete”. This confidence is most conspicuous with Qatar, given their camp didn't have that feeling two weeks ago. There was a widespread belief they were out of the race. The so-called “final take-it-or-leave-it” offer changed some thinking, and improved discussion. It is understood that offer is still of a lower overall value than that of INEOS, but the very fact that Qatar upped it at all is viewed as a strategic success for the Glazers. The involvement of Paris Saint-Germain’s Nasser Al Kehlaifi is also instructive, as it displays the Glazers’ intent to get Qatar to up the price. There is a view within industry circles that the United owners have long seen Ratcliffe as a “stalking horse” and that, if they are to actually sell, the intention has been to just gradually move Qatar up to the £6bn valuation. While Ratcliffe has made his valuation clear and can't really go past a certain point, after all, the Glazers are naturally conscious of Qatar's ultimately limitless wealth. It has ensured the process has become "a game", in the words of many sources. It is also why Qatar increasing their offer after the supposed last deadline is seen as a minor strategic victory for the Glazers. At the same time, there remains optimism within the INEOS camp, especially given the range of potential options they are giving the family. Avram and Joel Glazer, who are most attached to the club, could yet stay on. Chris Davidson, an academic expert on the Gulf who is a fellow at Durham University, believes the entire Qatar bid is a highly-calibrated approach that has been influenced by the purchase of Harrods in 2010. Now owned by the Qatar Investment Authority, the flagship department store was sold to Qatar Holdings for a reported £1.5bn. Sheikh Jassim’s father, the then Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, actually flew to London to finalise the deal with Mohammed Al Fayed. The senior Jassim said at the time that Harrods would add “much value” to Qatar’s portfolio of investments, especially as a “historical place”, although Davidson points out how the state was derided for overpaying at the time. He believes this has influenced the United takeover process in two ways, both related to the image of the state. One is over the symbolism of the price. The second is over the idea of giving the impression of some separation, to put more searching questions at a distance. “They’re just calibrating their bid,” Davidson told The Independent. “They could blow anyone out of the water, but they’re calibrated to always be just a little bit around Ratcliffe. "It’s a very different approach. I think this is an example of Qatar learning a lesson they found out the hard way on Harrods, where they were repeatedly pilloried for having overpaid. They really wanted Harrods. It’s a particularly glamorous brand for people from the Gulf. The status it has given them among their Gulf rivals – not so much in the UK – is enormous. They were willing to overpay for that. I’m sure they’d be willing to overpay for Man United, too, but I think this was a case of having learned their lesson.” This then plays into another strategic purpose, which is putting a perceived difference between the bid and the state. It is all the more important given the greater focus on state ownership in sport, especially with Manchester City’s landmark treble victory and Saudi Arabia’s recent escalation in its sporting investments. One of the points that has been made about the Ratcliffe offer is that it would be much quicker and cleaner to do, as there would be no resistance from other clubs, nor human rights-related issues. The Premier League in March updated its Owners and Directors Test to include a new provision based on Global Human Rights Sanctions Regulations in 2020. Qatar has faced huge criticism from groups such as Amnesty and FairSquare, with that debate framing the entire 2022 World Cup. “By calibrating it, it just allows them to hover under the radar of being so obviously a state-backed entity, “ Davidson explains. “If they said ‘right, we want it’ just as they did with Harrods, and did a bid that blew everyone out of the water, it would be pilloried for being an uncompetitive offer that reflects badly on Qatar. It’s an ongoing calibration as far as I can see… enough to win the bid without attracting too much negative attention or too much attention it is ultimately state wealth. “If they calibrate their offer, one of the talking points becomes that it essentially can’t be state backing. Otherwise they’d throw even more of it. It’s clearly a stalking point bidding process.” INEOS are optimistic that is not the case and they have a real chance. Much will depend on how greatly the Glazers actually want to sell, which has remained a huge question throughout all of this. There remains a belief within the club itself that the Glazers’ preference is to just raise enough investment to redevelop Old Trafford but retain control. It is the poor state of the ground that has actually brought them to this point, after all, as it has started to affect revenue. Many in United’s hierarchy have taken note of just how impressive the new Tottenham Hotspur Stadium is, and what a revenue-machine it is for the London club. The current Old Trafford can’t offer that, and it was symbolic that it has been passed over for the Euro 2028 plans. That awareness runs alongside a persistent belief at the top of the game that elite clubs will see their value greatly rise in the years to come, particularly with the evolution of telecommunications and virtual reality technology. One industry source says that the new Chelsea owners were so keen to invest in the club – even for the much-pilloried £600m this season – because they believe they have bought an asset that could soon be worth £9bn for £2.5bn. The Glazers are conscious of this, too. While there had previously been a belief that the market for clubs had bottomed out, and that a sale now could offer a remarkable sum for each of the six siblings, there is also the view that this could just be a bad time to sell. They may miss out on huge future earnings. While this has been discussed among the Glazers, though, nobody really knows what they are thinking. That is especially true of the bidders now, since multiple sources maintain “you never know where you are in the race”. All of this will only become apparent whenever it ends, which is right now as much of an unknown. The hope is it’s this week, but that’s been said before, through multiple weeks. Read More Sheikh Jassim bid still on table as Manchester United takeover tests patience The year that sportswashing won: A season that changed football forever FA Cup final reveals key summer questions for Manchester United Football rumours: Arsenal closing in on Declan Rice for club-record fee Michael O’Neill expects Ethan Galbraith to flourish after Manchester United exit Manchester City’s treble winners arguably greatest ever English team – Joe Royle
2023-06-13 16:43
Top Tech Companies Pledge Not to Be Reckless With Their AI Tools
The White House has reached a voluntary agreement with the top tech companies to prevent
2023-07-21 22:29
49ers TE George Kittle fined more than $13,000 for profane T-shirt about the Cowboys
San Francisco 49ers tight end George Kittle has been fined more than $13,000 by the NFL for wearing a profane T-shirt about the Dallas Cowboys
2023-10-15 04:31
You Might Like...
Cost of insuring against U.S. default falls further
Take advantage of this 2-in-1 vacuum mop deal and save big
Strange bedfellows: auto rivals embrace Tesla EV chargers
Top Green Fund Backs Deforestation-Free Crops With $189 Million
Jailed Iranian Nobel winner ends hunger strike
Injured Lioness Beth Mead says World Cup has been ‘tough to watch’ from home
What it's like attending a F1 Grand Prix for the first time
John Mellencamp opens up about his life and relationship with Meg Ryan: 'She hates me to death'
