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Glazer Family To Raise More Than $150M By Selling 8 Million Manchester United Shares

Published in SportsBusiness Daily Global on 07 / 31 / 14

The Glazer family is selling about 5% of its holding in ManU, "taking advantage of the club’s rising share price" on the back of its £750M ($1.2B) kit supply deal with adidas, according to Roger Blitz of the FINANCIAL TIMES. ManU "will begin a roadshow next week" offering 8 million Class...

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Tags: Europe, United Kingdom

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07/22/14
PyeongChang OC President Resigns

The head of the organizing committee for the 2018 PyeongChang Winter Olympics "resigned Monday," saying "new leadership and a 'stronger system' is needed to complete preparations for the Games," according to the AP. Kim Jin-sun "was elected president of the organizing committee in late 2011" after P ...

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07/22/14
Olympic Notes

China's "manned deep-sea submersible Jiaolong took a torch of the Youth Olympics to be held in China to the deep sea on Saturday in the northwest Pacific Ocean." During a more than 10-hour dive, the third of this year's expedition mission, the vehicle "reached a depth of 5,555 meters in the open sea ...

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07/21/14
IOC Leaders Back IOC Reforms

Moving forward on IOC President Thomas Bach's reform process, Olympic leaders "backed his proposals Saturday for setting up an Olympic television channel, reshaping the bid city procedure, and adding more flexibility to the sports program," according to the AP. Bach "convened a summit of 16 key IOC ...

Tags: Olympics

07/21/14
KOC Opposes Unified Korean Team

The South Korean Olympic Committee (KOC) "has scuttled the idea of a joint athletic delegation of South and North Korea for the upcoming Incheon Asian Games, even though neither side has proposed it," according to Nam Hyun-woo of the KOREA TIMES. KOC President Kim Jung-haeng said, "It is ill-timed t ...

Tags: Olympics, Asia

07/16/14
IGF Nervous About Rio 2016 Course

The prospect of golf’s return to the Olympic Games being overshadowed -- or ruined -- by an unprepared venue "refuses to disappear," according to Ewan Murray of the London GUARDIAN. The Int'l Golf Federation "fired a warning at those in charge of the 2016 Games in Rio." Albeit well on the way ...

Tags: Olympics, Brazil

07/16/14
Olympic Notes

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07/15/14
Glasgow Considers Bid For Euro Games

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07/14/14
SZS Suspends Officials For Manipulation

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07/11/14
Bach: IOC Must Explain Merits Of Games

IOC President Thomas Bach said that the governing body "must do a better job of explaining the merits" of hosting the Olympics to cities considering an application, according to Stephanie Nebehay of REUTERS. Bach, asked about cities losing referendums and others choosing not to bid to host the Games ...

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07/09/14
IOC Exec Says World Cup A Good Omen

IOC Exec Dir Gilbert Felli said that the smooth running of the World Cup "has lifted the mood of Brazilians and given them the confidence to overcome delays and deliver the 2016 Olympics in Rio de Janeiro on time," according to the AP. Felli said that the situation "has improved since he was dispatc ...

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