Manchester United expecting record annual revenue as takeover saga continues
Manchester United have projected record annual revenue of up to £640million in the current financial year as the takeover saga surrounding the club rumbles on. United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos. The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on. Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open. Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season. Revenue guidance for the current financial year was raised to a record £630m to £640m in the third quarter financial results for the period ending March 31, 2023, which were released on Tuesday. This is driven by record match attendance and matchday revenues. Ticket sales for the 2022-23 season surpassed the previous record set in 2016-17, with 2.4m sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 per cent on the same period last year. Broadcasting revenue was slightly down on the corresponding period due to the club being in the Europa League rather than the Champions League, but was partially offset by the club’s performance in domestic cup competitions. Cash and cash equivalents are at £73.7m, down from £95.8m in the same period last year, reflecting the investment that has been made in the team. However, the figure is £31m higher than in the second quarter, boosted by money coming in from sponsorship and ticket sales. Summer recruitment will not be affected by the results, according to sources close to the club, with enough cash available to enable United boss Erik ten Hag to invest in the team. The limiting factor is understood to be the requirement to stay within financial sustainability rules.
1970-01-01 08:00
Walgreens cuts profit forecast on lower COVID vaccine demand
(Reuters) -Walgreens Boots Alliance on Tuesday cut its profit forecast for the year on lower demand for COVID-19 tests and
1970-01-01 08:00
FBI failed 'at fundamental level' before Capitol riot, Senate report claims
The FBI and other agencies failed "at a fundamental level" to assess the risk of violence, a report claims.
1970-01-01 08:00
Palau media guide
An overview of the media in Palau, including links to broadcasters and newspapers.
1970-01-01 08:00
Wilfried Zaha and Stormzy to take over non-League AFC Croydon
Crystal Palace forward Wilfried Zaha and rapper Stormzy are set to become joint owners of non-League club AFC Croydon. The pair are part of a three-man consortium, along with former Palace head of player care Danny Young, that has agreed a deal to acquire the assets of the south London side, who play in the Combined Counties Football League Premier South Division – the ninth tier of English football. Croydon announced contracts had been exchanged with the existing ownership and the consortium “will own, operate and develop their childhood hometown football club”. A statement added: “Whilst completion is subject to legislative and governance procedures, the three consortium members are excited about developing a community asset in the borough that gave them their own opportunities. “They hope to take the entire community on this exciting journey with them.” Zaha, 30, was born in Ivory Coast but raised in the borough of Croydon. He is already involved in community projects in the area through his own charitable foundation and an Academy. Zaha tweeted: “May the journey begin.” The latest announcement comes at a time of uncertainty of over Zaha’s playing future, with his Palace contract set to expire at the end of this month. The player has been offered a new deal at Selhurst Park but is yet to commit and has been linked with other clubs in the Premier League, elsewhere in Europe and Saudi Arabia. Stormzy, 29, also hails from Croydon and has a long-standing friendship with Zaha.
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Tottenham deny receiving Harry Kane bid from Bayern Munich
Bayern Munich make opening bid for Harry Kane to test Tottenham's resolve to keep the striker.
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Roundup: Alix Earle, Braxton Berrios Are Dating; Connor McDavid Wins Hart Trophy; Shohei Ohtani Blasts 26th Homer
TikTok star Alix Earle is dating Braxton Berrios, Connor McDavid won his third Hart Trophy, Shohei Ohtani hit his 26th home run and more in the Roundup.
1970-01-01 08:00
Ryan Mason to remain at Tottenham in assistant coach role under Ange Postecoglou
Tottenham have announced Ange Postecoglou’s coaching staff with Ryan Mason staying on at the club in an assistant coach capacity. Former Spurs midfielder Mason took charge of the final six matches of the 2022-23 campaign, but doubts were cast over his long-term future. Mason, 32, repeatedly stated his readiness for management during his second interim stint with his old side. However, the once-capped England international will remain at Tottenham as part of Postecoglou’s backroom set-up. Spurs have also recruited a number of other coaches to work with their new manager with Chris Davies, formerly Brendan Rodgers’ assistant at Leicester, named as senior assistant coach. Former Crystal Palace and Australia midfielder Mile Jedinak will begin work with Tottenham on July 1 as an assistant coach and Matt Wells, who returned to the club to help Mason during his interim spell, will remain involved in the first-team set-up. Rob Burch makes a return to Spurs as goalkeeper coach following spells with Fulham and Bournemouth. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
US Truck Startup Lordstown Files for Bankruptcy After Foxconn Deal Falls Through
Lordstown Motors Corp. more than halved after the electric-vehicle maker, once hailed by former US President Donald Trump
1970-01-01 08:00
Reining In Bureaucracy Starts With a Text Message: Big Take Podcast
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify, Terminal. Millions of Americans depend on public
1970-01-01 08:00
Ange Postecoglou pushing for Tottenham to complete James Maddison deal
Tottenham Hotspur are progressing in talks to sign James Maddison from Leicester City, with Ange Postecoglou desperate to bring in the England midfielder.
1970-01-01 08:00
Deliberations continue in the trial of the ex-school resource officer who stayed outside during Parkland shooting
Deliberations are continuing for a second day Tuesday in the trial of Scot Peterson, a former school resource officer who stayed outside during the February 2018 mass shooting at Marjory Stoneman Douglas High School.
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