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Laurene Powell Jobs is seeking to divest a 10 percent share in Monumental Sports & Entertainment, the overarching entity overseeing the Washington Wizards and Washington Capitals. As the foremost shareholder in Monumental after managing partner Ted Leonsis, who holds 20 percent, Powell Jobs currently possesses a net worth of around $13.3 billion. The current valuation…
(Photo by Jamie Squire/Getty Images) After winning two Super Bowl championships over the previous four seasons, the Kansas City Chiefs look vulnerable as the NFL playoffs are about to begin. While they won a respectable 11 games in the regular season, they had trouble winning close games and have a lack of consistently reliable…
Glen Kernan Golf and Country Club’s new ownership group has one Claret Jug to its credit, plus a U.S. Open trophy won by its new course designer. The Jacksonville, Florida-based private club was purchased Friday by local developer Corner Lot, which counts 2022 British Open champion Cam Smith as an investor and 2003 U.S. Open…
4 Sir Jim Ratcliffe’s INEOS consortium have finally confirmed their 25% stake in Manchester United, subject to Premier League approval. The INEOS team will get to work in the coming weeks as they take control of the sporting structure at Old Trafford. Major changes are expected to the backroom staff at the club, with INEOS…
56 The Manchester United Supporters’ Trust have issued a statement in response to Sir Jim Ratcliffe’s deal for 25% of Manchester United. The club officially confirmed that the Glazers reached an agreement with Ratcliffe, in an arrangement that has essentially made the British businessman a minority owner. The INEOS billionaire will immediately take control of…
4 Manchester United have confirmed that Sir Jim Ratcliffe’s bid to take 25% stake in the club is now approved. The local-born Ratcliffe will take sporting control of the club after a long and arduous 13 months, with an additional $300 million committed to Old Trafford. The Peoples Person reported the Glazers’ statement here, but…
3 In a deal that is set to reshape the future of Manchester United, billionaire businessman Jim Ratcliffe’s company, Ineos Sport, will officially acquire a quarter of the prestigious football club. According to Mark Kleinman (Sky Sports), this strategic purchase will be announced later today. Jim Ratcliffe, known for his keen interest in sports and…
34 After months of dragging and crawling, an extremely reliable outlet has finally spoken up on Sir Jim Ratcliffe’s takeover of 25% stake. Matt Dickinson of The Times reports that the deal to finalise the 25% stake in Manchester United was in “final negotiations” this evening. The report states that the Glazers and Ratcliffe’s side…
3 David Beckham, the president and co-owner of Inter Miami, may be looking to extend his business portfolio in England. However, the former Manchester United number seven is not thinking about investing in his old club. According to The Daily Star, the English businessman is apparently toying with the idea of investing in a Premier…
1 Manchester United and Sir Jim Ratcliffe have reportedly agreed to confirm the British businessman’s partial 25% investment into the club early next week. Since news broke out that the Glazers had accepted Ratcliffe’s bid for minority investment, there has been a lot of speculation regarding when an official announcement would be made. There was…
