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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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05/23/13
Olympic Notes

The first of two traction substations "that will power Olympic train services in Sochi next year has gone live." The new rail route "will transport Olympic visitors from the main Olympic village near Adler to the Alpika Service Mountain Resort through a series of six tunnels and 23 bridges" ( ...

Tags: Olympics

05/22/13
Flawed Strategy Jeopardizing Tokyo '20

With just over three months until the IOC votes on the 2020 Olympic host city, the bid "seems adrift and still lacking a cogent message about why Tokyo should host the biggest global sporting event," according to Jack Gallagher of the JAPAN TIMES. Tokyo Gov. Naoki Inose’s recent "unfortunate c ...

Tags: Olympics, Japan

05/21/13
Russian Oligarchs Footing Sochi Bill

The mountains of Sochi "are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump," according to Nataliya Vasilyeva of the AP. The nicknames used by locals and an army of construction workers "leave no doubt about who is paying for the 2014 Winter Games: Russia's business power ...

Tags: Olympics, Russia

05/21/13
Olympic Notes

Japan Wrestling Federation President Tomiaki Fukuda said Monday that wrestling "has done everything it can to try to stay on the Olympic program" beyond '16. Fukuda said, "As FILA, we've exhausted all our options. We'll just have to see how the IOC feels about it" ( KYODO, 5/20 ). ... A new "Mario ...

Tags: TES, Japan, Fila, IOC, Sonic, Olympics, Russia

05/20/13
Brazil Construction Displaces Families

A study says that as Brazil prepares to host several sporting mega-events, "human rights abuses and authoritarian interventions by the authorities are going on behind the scenes, favoring major urbanization projects and stadium remodeling," according to Fabiola Ortiz of the INTER PRESS SERVICE. ...

Tags: Olympics, Brazil

05/20/13
Figures Reveal Olympic Torch Relay Cost

England's largest local councils spent more than £6M hosting the Olympic Torch for last year's Games, figures published on the one-year anniversary of the start of the relay show, according to the London EVENING STANDARD. On average, authorities paid out just over £40,000 "to host the fl ...

Tags: Olympics, United Kingdom

05/20/13
Wrestling Makes Drastic Changes For IOC

Newly elected FILA President Nenad Lalovic said that wrestling has "introduced drastic changes designed to keep the ancient sport in the Olympic programme," according to Gennady Fyodorov of REUTERS. More categories for women, eliminating draws and cutting down the number of competitors "are just som ...

Tags: Olympics

05/17/13
London Sells Olympic Media Centre

Mayor Boris Johnson Thursday claimed that "the legacy of the Olympic Park had been secured as he announced a deal" to take the £300M ($459M) media centre off  taxpayers’ hands, according to Matthew Beard of the London EVENING STANDARD. The former Olympic broadcast studio, which was ...

Tags: Olympics, United Kingdom

05/17/13
Singh: India Will Return To Olympic Fold

Indian Sports Minister Jitendra Singh said in a press conference on Thursday that the Indian government has no intentions "to interfere with the Indian Olympic Association proceedings," according to the TIMES OF INDIA. India has pried open the door that will allow it to re-enter the Olympic movement ...

Tags: Olympics, India

05/17/13
Olympic Notes

Medals for the 2014 Winter Games in Sochi will be unveiled at this month's gathering of top sports and Olympic officials. The medals will presented at the IOC's Exec Board meeting in St. Petersburg, Russia on May 30 ( REUTERS, 5/16 ). ...  Russia's foreign ministry's ambassador ...

Tags: Olympics

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