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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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NASCAR Hopes Repaved Track, Softer Tires Make For More Competitive All-Star Race At North Wilkesboro

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North Wilkesboro, North Carolina – NASCAR hopes that a repaved course and softer tires will result in more competitive short-track racing for Sunday’s All-Star race at North Wilkesboro Speedway.

It couldn’t go any worse than last year.

After months of anticipation for the first race at the refurbished circuit since 1996, the All-Star race was a letdown, with Kyle Larson winning and taking home $1 million. He led for 145 of the 200 laps, at times by nearly 11 seconds, or more than half a lap on the 625-mile short track.

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Pixa Bay – VOR News Image

NASCAR Hopes Repaved Track, Softer Tires Make For More Competitive All-Star Race At North Wilkesboro

Larson later boasted: “That was an old school (butt)-whipping, for sure.”

And that did not make for exciting television.

However, William Byron believes that this year’s race will be considerably closer. NASCAR tested softer tires on the short track during a rainy weekend in North Wilkesboro.

“This place is so different and unique; we almost need a couple more practices to get everyone closer,” remarked Byron. “There will be many comers and goers, and the gaps will be less because the pace is faster and there is less falloff. But I still believe it won’t be easy to finish the passes.

Larson is still aiming to race Sunday night after spending the week training for the Indianapolis 500.

Meanwhile, Kevin Harvick came out of retirement to drive Larson’s No. 5 Hendrick Motorsports Chevrolet during practice, which he never expected to happen.

“It’s definitely not the attire that I thought I’d be wearing this year,” Harvick joked while donning the Hendrick Motorsports fire suit.

However, Harvick, who now works in the broadcast booth, says it has been a good week.

Stewart-Haas Racing, Harvick’s former employer, even helped out by sending the chairs and seat rails he used while racing so he could fit better.

“Sometimes there are phone calls that you react to different than others,” Harvick stated. “When Rick (Hendrick) called and said what he needed and I said, ‘OK,’ everyone at Fox was kind enough to let us take the day to do what we needed to do.”

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Pixa Bay – VOR News Image

NASCAR Hopes Repaved Track, Softer Tires Make For More Competitive All-Star Race At North Wilkesboro

Chase Elliott expressed interest in NASCAR’s experiment next year with an in-season bracket-style playoff, similar to what the NBA did this season.

“It sounds interesting, especially starting at Atlanta (Motor Speedway) with it now being a speedway thing,” Elliott stated. “But, yes, I believe it has the ability to add excitement to our year by doing something different. I have no problems with that.”

Chris Buescher and Tyler Reddick could have some bad blood this weekend. Buescher confronted Reddick in pit lane following last week’s race at Darlington, where Reddick forced him into the wall, eliminating his hopes of victory.

“When you are racing for the win, you are racing for the win,” Reddick stated. “In that moment I was trying to think how I could take my car that was in second place to first place.”

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Pixa Bay – VOR News Image

NASCAR Hopes Repaved Track, Softer Tires Make For More Competitive All-Star Race At North Wilkesboro

Reddick stated, “The obvious thing is I drove in so deep that I needed the entire racetrack.” I did not have enough tires left to keep the outside lane free, so I’m simply trying to learn for the next time.

Denny Hamlin is the 19-4 favorite to win the All-Star race, edging out three-time champion Larson, according to BetMGM.

SOURCE – (AP)

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Scottie Scheffler Arrested Outside PGA Championship, Then Returns And Climbs Leaderboard

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Darlington said police pulled Scheffler out of the car, pushed him up against the car and immediately placed him in handcuffs.

“Scheffler was then walked over to the police car, placed in the back, in handcuffs, very stunned about what was happening, looked toward me as he was in those handcuffs and said, ‘Please help me,’” Darlington said. “He very clearly did not know what was happening in the situation. It moved very quickly, very rapidly, very aggressively.”

Scheffler was released by police and returned to the course at 9:12 a.m. Around 9:30 a.m., he arrived at the practice area to the cheers of fans; one yelled “Free Scottie!” and more followed later wearing “Free Scottie” T-shirts.

Scheffler seemed normal, relaxed, sharing a few laughs on the driving range.

“I was never angry. I was just in shock,” Scheffler said. “I was shaking the whole time. I was shaking for like an hour. It was definitely a new feeling for me.”

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AP – VOR News Image

Scottie Scheffler Arrested Outside PGA Championship, Then Returns And Climbs Leaderboard

He could see from a TV in the jail that tee times were pushed back 1 hour20 minutes because of the traffic situation, and realized when an officer knocked on the door and said, “Let’s go,” that he had a chance to play.

He made birdie on his first hole of the day after sticking his approach shot to 3 feet.

Darlington, the ESPN reporter, said police were initially unsure who Scheffler was. He said an officer asked him to leave, and when he identified himself as being with the media, he was told, “There’s nothing you can do. He’s going to jail.”

Darlington said another police officer later approached with a notepad and asked if he knew the name of the person they put in handcuffs.

Scheffler said he never told police who he was except to say, “I’m sorry, I’m just trying to get to my tee time.”

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AP – VOR News Image

Scottie Scheffler Arrested Outside PGA Championship, Then Returns And Climbs Leaderboard

Louisville police have attracted negative national attention in recent years after the fatal shooting of Breonna Taylor in 2020 and a federal investigation into its policing practices.

A Department of Justice report released last year said Louisville officers use excessive force and conduct searches based on invalid warrants. The report said Black motorists in Louisville were more likely to be searched during traffic stops, and officers used neck restraints, police dogs and Tasers against people who posed no imminent threat.

Taylor, a 26-year-old Black woman, was shot by officers who had come to her apartment with a warrant that federal officials later said was falsified.

PGA of America, which runs the PGA Championship, offered sympathies for Mills’ family and said, “As it relates to the incident involving Scottie Scheffler, we are fully cooperating as local authorities review what took place.”

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AP – VOR News Image

Scottie Scheffler Arrested Outside PGA Championship, Then Returns And Climbs Leaderboard

Scheffler has won four of his last five tournaments, including his second Masters title. He has been home in Dallas the last three weeks, waiting for the birth of his first child, a son born May 8.

Scheffler is trying to become only the fifth player since 1960 to win the first two majors of the year.

SOURCE – (AP)

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NASCAR planning in-season tournament in 2025, with opening race in Atlanta

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AP News - VOR News Image

ATLANTA  Following the NBA’s lead, the NASCAR Cup Series plans a five-race, bracket-style tournament in the middle of the 2025 season, beginning with a night race at Atlanta Motor Speedway.

The competition, which features a $1 million reward for the winner, is part of a new media rights agreement that includes TNT.

The Atlanta-based cable network will air all five races in the tournament, beginning with a 400-mile race in its home market on June 28, 2025.

“Next year, having $1 million on the line, that’s for sure going to be a goal before the season starts and something that you and your team strategize around,” Larson said. “I am looking forward to it. The summer months get boring. It’s not dull, although it does become repetitive. “You lose some excitement.”

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AP – VOR News Image

NASCAR planning in-season tournament in 2025, with opening race in Atlanta

Atlanta will host the inaugural tournament event, which has produced some of NASCAR’s most dramatic races since the circuit was reconfigured with more banking. The rest of the 36-race program will be released later.

Brandon Hutchison, president and general manager of the Atlanta track, stated that the venue was ready to offer racing after dark after being slated for two-day events this season. Receiving the first event of the new in-season tournament was a bonus.

“We have heard our fans loud and clear,” Hutchison stated. “We understand they wanted the night race back. We were overjoyed to even be able to consider giving it to them. Then, with TNT as a hometown broadcast partner, a home track, and the first season of the in-season bracket tournament in NASCAR history, we believe that June 28, 2025, will be a very exciting moment to be at Atlanta Motor Speedway.”

This season, the NBA introduced a competition that is based on in-season tournaments held by soccer leagues all over the world. The Los Angeles Lakers won the first event in December, defeating Indiana in a championship game hosted in Las Vegas.

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AP – VOR News Image

NASCAR planning in-season tournament in 2025, with opening race in Atlanta

The NASCAR tournament will include the top 32 drivers from three seeding races, which will be staged soon before the Atlanta event and aired on Amazon Prime.

The drivers will be paired in head-to-head contests based on seeding, with the victors moving on to the next round in a bracket-style similar to the NCAA basketball championships.

The number of competitors will be decreased to 16 for Race 2, followed by the quarterfinals in Race 3, the semifinals in Race 4, and the final in Race 5.

“There has never been a better time to be a motorsports fan, and this new, first-ever in-season tournament will add a new competitive dynamic to NASCAR’s summer race weekends,” said Craig Barry, executive vice president and chief content officer of TNT Sports.

Hutchison stated that the Atlanta track will continue to hold two races in 2025; however, the full calendar is still pending.

This season, the 1.54-mile oval in suburban Hampton hosted the second points race of the year on Feb. 25 — a week after the Daytona 500 — with Daniel Suarez edging Ryan Blaney and Kyle Busch in a three-way photo finish.

The NASCAR playoffs will begin with Atlanta’s second race in 2024 on September 8. Next year, the race will be moved to the in-season tournament rather than the playoffs.

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AP – VOR news Image

NASCAR planning in-season tournament in 2025, with opening race in Atlanta

Denny Hamlin described the competition as “such a win for our sport and drivers” in a post on X, the social media platform that replaced Twitter. He playfully continued, “I’ll collect my $1 million royalty next season.”

Larson believes the tournament will be a much-needed pick-me-up during the summer slump.

“I think this bracket, or whatever you want to call it, is going to add a lot of excitement and more storylines,” he stated. “So I love it.”

SOURCE – (AP)

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