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Owners Of Manchester United Consider Sale Of Club After Ronaldo’s Departure

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Owners Of Manchester United Consider Sale Of Club After Ronaldo's Departure

By John Michael Ojo
Following the explosive interview which led to the termination of Cristiano Ronaldo’s contract at Manchester United recently, the club’s American owners, the Glazer family have now disclosed their intention to sell off the Premier League side having  acquired the club 17 years ago.

Manchester United in a statement made available on Tuesday shortly after announcing the immediate departure of the former Real Madrid and Juventus forward, stated that they were considering “all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company.”

Analysts have now disclosed that the Manchester  United who are also seeking a new star as a replacement for the Portugal international, could make around £5billion ($6 billion) from the sale of a club it spent £790 million to buy, largely with debt, in 2005.

READ ALSO: Ronaldo Sends Message To Manchester United New Manager

British billionaire and United fan, Jim Ratcliffe, is seen as a front runner for the club, which has fallen behind English rivals Liverpool and Manchester City in trophies won and stadium modernisation.

Ratcliffe, who owns the Ineos chemical group, expressed interest in buying United after his unsuccessful bid for another Premier League team, Chelsea, in May. The London club eventually went for a world-record £2.5billion.

Simon Chadwick, professor of sport and geopolitical economy at SKEMA Business School, said interest would likely also come from outside the United Kingdom.

“I can imagine that billionaires in South East Asia, from Malaysia or Indonesia where United have a lot of supporters, would be interested. That or a consortium of US investors,” he told AFP.

Chadwick added that the Glazers may believe the club has reached its peak value after Europe’s elite teams failed to win support for a Super League, and with United needing big investment.

“The Super League discussion will continue to rumble on, until it either happens or doesn’t, but these are harsh economic times and football is a high-cost industry,” he said.

READ ALSO: Manchester United Tipped To Hire Wayne Rooney As Manager

United’s “Old Trafford (stadium) needs massive investment. We have seen Real Madrid and Barcelona take action to modernise their stadiums and in England, look at Tottenham who are now in a position to also make revenue from NFL matches.”

AFP

 

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30 percent of Pele’s Assets Go To Widow – lawyer

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Pele

The 30 percent of the assets of the late legendary footballer Pele will go to his wife,according to his will disclosed by his lawyer.

The will states that Marcia Cibele Aoki, Pele’s third and last wife, will inherit his mansion in Guaruja, a seaside resort town south of Sao Paulo, where the couple lived, according to her lawyer Luiz Kignel.

Other assets belonging to Pele, who died after battling cancer in late December at age 82, include more real estate and a stake in the Pele brand, Kignel said, adding that a complete inventory has yet to be made.

The remaining 70 percent is reserved for Pele’s children, including an unrecognized daughter that he may have.

“He indicated the possibility of the existence of another daughter, whose recognition will depend on a DNA test, which could not be carried out (on Pele) due to the pandemic and the state of his health,” said Kignel.

According to Kignel, the woman in question is a Brazilian national and she has taken legal steps to be recognized as Pele’s daughter.

In September 2022, a court in Sao Paulo ordered Pele to submit to a DNA test, according to the G1 website. The test must now be performed on one of his seven recognized children.

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Obasanjo Shines, Scores Hat-trick As BBHS Mark 100 Years

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Obasanjo Shines, Scores Hat-trick As BBHS Mark 100 Years

By John Michael Ojo
It was a moment of joy yesterday in Ogun State as former President Olusegun Obasanjo, captained the football team of Baptist Boy High School, Abeokuta the state capital to a glorious victory in  a novelty match as part of the activities lined up to mark  the 100th anniversary of the college.

As a former student of the college, Obasanjo who toed the path of contemporary European stars like Messi, Ronaldo, Mbappe and Neymar in the match, was the star attraction for spectators, many of whom are also former students of the school.

READ ALSO: Why Nobody Can Stop Me From Supporting Obi – Obasanjo

The encounter which saw the old students battle it out with former teachers of the college ended in a 3-0 victory in favour of the old students with all three goals coming from the former president.

Among the high-profile old students present at the event are Bukola Olopade, a former Sports Commissioner in Ogun State; and Hakeem Akintunde, who is the Chairman of the Sports Writers Association of Nigeria (SWAN) in the state.

 

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Everton Fires Frank Lampard

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Everton Fires Frank Lampard

By John Michael Ojo
Relegation threatened Premier League side, Everton has relieved its manager, Frank Lampard of his role as the club’s head coach.

Frank Lampard, a former Chelsea midfielder and coach was sacked on Monday after an agreement was reached by Everton’s board, following a run of poor performances recorded under the tenure of the former British star.

With only three wins so far this season in the Premier League, Everton currently sits in 19th place with 15 points after 20 games played.

READ ALSO: Chelsea Fires Lampard

The news of his sack, was convened to him by Farhad Moshiri, the club’s major shareholder through a telephone call after a 357-day spell in charge of the club.

There have been wide speculations over his sack after Everton’s 2-0 loss to West Ham, with Lampard reportedly in a meeting with Moshiri, Chairman Bill Kenwright and Everton’s Director of Football, Kevin Thelwell.

Frank Lampard took over at Goodison with Everton 16th in the table, six points above the relegation zone.

Everton had 10 defeats in the remaining 18 games of the season, but secured their survival with a 3-2 comeback victory against Crystal Palace on what Lampard called “one of the greatest nights” of his career.

He won only 12 of his 44 matches in charge in all competitions, a win percentage of 27.27 that is far worse than his record at Derby (42.1%) and Chelsea (52.4%).

 

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