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Owners of Manchester United Ponder Sale as Ronaldo Exits

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Manchester United owners consider selling club

Manchester United announced Tuesday that it would begin an investigation into strategic alternatives, such as a new investment or a potential sale, 17 years after the American Glazer family purchased the English Premier League soccer club.

According to the club, the Glazer family is working with financial advisers on the process, which could result in a partial sale of the Old Trafford club or investments such as stadium and infrastructure redevelopment.

Manchester United fans have been calling for a change in ownership, and the Glazers have come under fire for failing to win a trophy in the last five years. Their most recent trophies were the Europa League and League Cup in 2017.

“As we seek to build on the club’s history of success, the board has authorized a thorough evaluation of strategic alternatives,” United’s executive co-chairmen and directors, Avram Glazer and Joel Glazer, said in a statement.

“We will evaluate all options to ensure that we best serve our fans and that Manchester United capitalizes on the significant growth opportunities available to the club today and in the future,” according to the statement.

According to Reuters, British billionaire Jim Ratcliffe expressed interest in purchasing United in August. Elon Musk had also joked about buying the club at the time.

In recent years, wealthy Asian tycoons, particularly those from China, have purchased European clubs such as Wolverhampton Wanderers of the Premier League and Inter Milan of Italy.

Football clubs, on the other hand, have since been deemed unfavourable assets by China, and any major overseas purchase appears unlikely at the moment, according to Mark Dreyer, the Beijing-based author of “Sporting Superpower,” a book about China’s sports ambitions.

“It’s difficult to see how any Chinese-related entity could justify such a large purchase in the current environment,” he said. “… with China only now confronting the realities of COVID-19, which makes the entire economic environment even more uncertain, no state body would approve this kind of deal.”

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Manchester United Stock Rises

The owners are under pressure because United is currently fifth in the Premier League, which has been suspended due to the ongoing Qatar World Cup.

Manchester United’s stock increased by up to 20% after Sky News first reported on the sale process, valuing the club at $2.6 billion.

At the end of Tuesday’s trading in the United States, the company was valued at $2.5 billion. In 2018, it had a market capitalisation of $4.3 billion at its peak as a public company.

Cristiano Ronaldo will leave Manchester United “with immediate effect,” the Premier League club announced on Tuesday, just days after criticizing manager Erik ten Hag and the club’s owners in an explosive interview.

It was unclear where Ronaldo, 37, would go next after failing to secure a move to a Champions League club in the summer.

“Following discussions with Manchester United, we have mutually agreed to terminate our contract early,” said Ronaldo. “I adore Manchester United and its supporters, and that will never change.” However, it appears that the time has come for me to seek a new challenge.

“I wish the team the best of luck for the rest of the season and in the future.”

Ronaldo, who is currently in Qatar with Portugal attempting to win his country’s first World Cup title, has been frustrated after being reduced to a fringe member of United’s team this season.

Manchester United

Ronaldo Says He Was Betrayed

During a 90-minute interview with Piers Morgan on Thursday, the Portugal captain said he felt “betrayed,” and he was also critical of younger players.

United announced last week that it had taken appropriate action in response to his comments, with the termination of his contract widely anticipated.

“Cristiano Ronaldo has agreed to leave Manchester United with immediate effect,” the club announced on Tuesday. “The club thanks him for his enormous contribution over two spells at Old Trafford, scoring 145 goals in 346 appearances, and wishes him and his family the best of luck in the future.”

That statement failed to convey the club’s outrage following the unauthorized interview.

Ronaldo’s unexpected departure may also hasten United’s plans to sign a new centre forward.

Ten Hag had intended to address his offensive issues at the end of the season, but he may now have to look for a replacement during the January window.

VOR News, AP, Reuters

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Paris 2024 Olympics: Opening Ceremony, Schedule, and Start Time Today

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Paris 2024 Olympics Opening Ceremony, Schedule, and Start Time Today

The opening ceremony of the Paris Olympics promises to be unlike any other.

In a novelty for the Games, the show will be held on Paris’ famed River Seine rather than in a stadium.

Here is everything you need know about the ceremony…

What to expect from the spectacular opening ceremony.

The eye-catching celebration will take place over a 6km stretch of the Seine. It will start at Austerlitz Bridge and culminate among the gardens, fountains, and palaces in the shadow of the Eiffel Tower at Trocadero.

Almost 100 boats will carry over 10,000 athletes and dignitaries as they cruise past Paris’ prominent monuments such as Notre Dame Cathedral and Pont Neuf.

The boats will transport the parade’s participants as well as the artistic portion of the celebration, which will highlight Paris and France’s history and culture.

The performers’ identities, however, have been kept a mystery.

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Thousands of people are still expected to line the river and streets, with millions more watching on television all over the world.

“I’d like to show France in all its diversity,” said Thomas Jolly, the French actor and theatre director appointed as the ceremony’s creative director, a post previously played by Danny Boyle in London 2012.

“Illustrate the richness and plurality shaped by its history, which has been influenced and inspired by the diverse cultures that have passed through it, while itself serving as a source of inspiration.”

The ceremony will also involve the ceremonial opening of the Games, led by French President Emmanuel Macron, as well as the lighting of the Olympic cauldron.

Many of the finer elements have been maintained as a surprise.

What is the date and time of the opening ceremony?

The ceremony will commence at 19:30 local time (18:30 BST) on Friday, July 26.

It is scheduled to take little under four hours, with the last parts taking place as the sun sets over the French city.

Fortunately, the Paris weather forecast for Friday evening is positive.

In what sequence will the nations be introduced?

In accordance with tradition, Greece will be the first nation introduced during the ceremony.

Giannis Antetokounmpo, an NBA star, is one of their flagbearers for the games.

Greece will be followed by the Refugee Olympic Team, with hosts France being the last to be unveiled.

Because of their countries’ involvement in the Ukrainian conflict, Russian and Belarussian athletes participating as individuals will not participate.

How to follow the opening ceremony on BBC.

The opening ceremony will begin live at 17:45 BST on BBC One, BBC iPlayer, and the BBC Sport website and app.

BBC Radio 5 Live and BBC Sounds will provide radio coverage beginning at 19:00 BST.

There will also be live text coverage on the BBC Sport website and app, bringing you all the action from Paris.

Source: BBC

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Coco Gauff To Be Female Flag Bearer For US Team At Olympic Opening Ceremony, Joining LeBron James

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PARIS — Coco Gauff, a tennis player, will join LeBron James as a flag bearer for the United States Olympic team at Friday’s opening ceremony.

Coco, the reigning US Open winner, is ready to make her Olympic debut at the Paris Games, becoming the first tennis player to carry the American flag. Team USA athletes selected her and James.

“I believe the Olympics are the priority. It’s equal to the Grand Slams. I wouldn’t put it above or below because I’d never played before. “This is my first time,” Gauff explained earlier this year. “I always want to do well and get a medal.”

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Coco Gauff | AP News Image

Coco Gauff To Be Female Flag Bearer For US Team At Olympic Opening Ceremony, Joining LeBron James

Coco and James, the 39-year-old NBA’s all-time top scorer, engage in sports outside the traditional Olympic realm and receive media attention year-round rather than every four years.

Coco, 20, joined the American team for the Tokyo Olympics as a youngster three years ago but had to withdraw because she tested positive for COVID-19 just before flying to Japan.

Coco, who now lives in Florida, has won Grand Slam titles in both singles and doubles. She earned her first major triumph in New York in September, defeating Aryna Sabalenka in the singles final of the U.S. Open, and then won her first Grand Slam doubles title at the French Open in June with Czech Republic’s Katerina Siniakova.

The Paris Olympics will be played on the same clay courts at Roland Garros used for the French Open. The bracket draw will take place on Thursday, and play will begin on Saturday.

Coco is seeded second in singles, matching her current WTA ranking behind Poland’s No. 1 Iga Swiatek, and will be one of the medal favorites.

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Coco Gauff | AP news Image

Coco Gauff To Be Female Flag Bearer For US Team At Olympic Opening Ceremony, Joining LeBron James

She and her normal doubles partner, Jessica Pegula, are seeded first in the women’s doubles. Gauff may also compete in mixed doubles; however, those pairs have yet to be determined.

“I’m not putting too much pressure on it, because I want to fully enjoy the experience,” Gauff said of her Olympic debut. “Hopefully I can have the experience multiple times in my lifetime, (but) I’ll treat it as a once-in-a-lifetime experience.”

SOURCE | AP

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LeBron James Selected As Team USA Male Flagbearer For Paris Olympics Opening Ceremony

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Lebron | AP News Image

When LeBron James was chosen for his first Olympics in 2004, he was unsure what the opening ceremony entailed.

This time, he’ll be a star of the show.

His fellow American Olympians chose James to be the male flagbearer for the United States at the opening ceremony of the Paris Games on Friday night. He is the third basketball player — and the first men’s player — to carry the United States flag at the start of an Olympics, following Dawn Staley in 2004 and Sue Bird in 2021.

“It’s an incredible honor to represent the United States on this global stage, especially in a moment that can bring the whole world together,” James told reporters. “As a kid from Akron, this responsibility means everything to not only me, but to my family, all the kids in my community, my teammates, other Olympians, and so many more people throughout the country with huge dreams. Sports have the capacity to unite us all, and I’m honored to be a part of this historic occasion.”

The 39-year-old James learned of the distinction Monday in London, just hours before the United States men’s team was supposed to play its final pre-Olympics exhibition game against World Cup champion Germany.

“We understand how much of an honor it is to be in that position and I think Bron’s entire career, on and off the court, speaks for itself as him being worthy of that honor,” Curry said on the video announcing his nomination.

“He has represented what it means to be excellent both on and off the court in his commitment to service and to uplifting the community in all ways that he knows how has been a lifelong passion,” Curry pointed out. “And the work speaks for itself.”

LeBron James Selected As Team USA Male Flagbearer For Paris Olympics Opening Ceremony

The female U.S. flagbearer is anticipated to be revealed on Tuesday. In 2020, the International Olympic Committee announced that country delegations would have two flagbearers at the Olympics’ opening ceremony, one male and one female, to encourage gender equality. The United States is set to send around 600 competitors to the Paris Games, with approximately 53% women.

“Being chosen by your teammates to carry the flag is a tremendous honor—and a testament to LeBron’s passion for Team USA and dedication to his sport,” U.S. Olympic and Paralympic Committee CEO Sarah Hirshland said.

James, a global icon, four-time NBA champion, and the league’s all-time leading scorer about to begin his record-tying 22nd NBA season, is set to compete in the Olympics for the fourth time, having previously won bronze in 2004, gold in Beijing in 2008, and gold again in London in 2012. He participated in the opening ceremony at his previous three Olympics.

This time, he will float.

This will be an unprecedented Olympic opening ceremony, with thousands of participants sailing along the River Seine at nightfall toward the Eiffel Tower. According to Olympic officials, the route is a 6-kilometer (3.7-mile) one, with some 320,000 spectators expected to watch from the river bank and an estimated 1 billion more watching on televisions around the world.

LeBron James Selected As Team USA Male Flagbearer For Paris Olympics Opening Ceremony

Not all Olympic athletes attend the opening ceremony; many miss it for logistical reasons, such as having to compete the next day. James and the four-time defending gold champion U.S. men shall begin Olympic competition on Sunday, when they face Serbia in Lille, France.

James and the American Olympians will have to wait longer than virtually any other nation for their voyage on the Seine. According to IOC protocol, Greece will lead the march, with NBA star Giannis Antetokounmpo serving as one of its two flagbearers. The Refugee Olympic Team and over 200 more national delegations will follow. The United States is slated to be next-to-last in the procession because Los Angeles will host the next Summer Olympics in 2028.

As the host, France will be the last nation to participate in the opening ceremony procession. Its men’s basketball team, which includes reigning NBA rookie of the year Victor Wembanyama, begins Olympic competition on Saturday and is not scheduled to attend the opening ceremony.

SOURCE | AP

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