FORT ANNE, Isle of Man--(BUSINESS WIRE)--On February 12, 2024, Trawlers Limited (“Purchaser”), a company limited by shares incorporated under the laws of the Isle of Man and wholly owned by James A. Ratcliffe, a natural person (an “Offeror” and together with the Purchaser, the “Offerors”) announced that the Offerors have extended the expiration date of their previously announced tender offer (the “Offer”) to purchase up to 13,237,834 Class A ordinary shares, par value $0.0005 per share (“Class A Shares”), o ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Manchester United’s stock climbed Tuesday as the Premier League approved British billionaire Jim Ratcliffe’s acquisition of a 25% minority stake in the iconic English club.Shares of operator Manchester United Ltd. MANU, +7.83% rose 7.5%, while the S&P 500 index SPX declined 1%. The stock is on pace for its largest daily percent increase since Nov. 17, 2023, when it rose 7.87%, Dow Jones Market Data show.Ratcliffe, the chief executive of the chemical giant Ineos, reached an agreement to buy 25% of the club f ...

Manchester United plc (MANU) has chosen SCAYLE to be its official e-commerce platform partner, which is expected to launch later this year.The company entered into this partnership hoping to house the most modern e-commerce platform in the industry, which is subject to continuous enhancements post launch. The ongoing evolution of the new platform aligns with the company’s goal of offering a top-tier direct-to-consumer experience for its global fan base.Moreover, in consideration of its fans’ satisfactory el ...

MANCHESTER, England--(BUSINESS WIRE)--Manchester United has today announced it has chosen SCAYLE as its official e-commerce platform partner, ensuring United has one of the most modern commerce platforms in the industry. The club’s new e-commerce experience will launch later this year and continue to be evolved in alignment with the club’s ambition of delivering a best in class direct-to-consumer experience for its global fan base. SCAYLE is one of the fastest-growing enterprise e-commerce platforms in t ...

Core Viewpoint - Manchester United has appointed Omar Berrada as the new Chief Executive Officer, marking a significant step towards revitalizing the club's focus on football performance and achieving its ambition of becoming a title-winning team [1][2]. Group 1: Appointment of CEO - Omar Berrada brings extensive experience in football management, having previously served as Chief Football Operations Officer for City Football Group and held senior roles at Barcelona [1]. - The club aims to re-establish itself at the top of English, European, and world football, echoing the vision of legendary manager Sir Matt Busby [2]. Group 2: Club Overview - Manchester United is recognized as one of the most popular and successful sports teams globally, with a rich 146-year football heritage and a record of 67 trophies [3]. - The club boasts a global community of 1.1 billion fans and followers, providing a substantial platform for revenue generation through various channels such as sponsorship, merchandising, and broadcasting [3].

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Manchester United shares fell Wednesday after the iconic English soccer club lowered its 2024 revenue guidance, citing the club’s early exit from the Champions League and the related impact on broadcasting revenues.The club exited the Champions League at the group stage in December following a 1-0 defeat by German giants Bayern Munich at Manchester United’s Old Trafford Stadium. Manchester United last won the Champions League in 2008.Shares of operator Manchester United Ltd. MANU, -5.09% fell 5.8% Wednesday ...

Group 1 - Manchester United Plc has reduced its earnings guidance due to its exit from the UEFA Champions League and a decrease in broadcasting revenue [1] - The club now expects revenue to be between £635 million and £665 million for the year ending June 30, down from previous expectations of £650 million to £680 million [1] - Adjusted EBITDA guidance has also been lowered from a range of £140 million to £165 million to a range of £125 million to £150 million [1] Group 2 - In the quarter ending September, Manchester United reported a 9.3% increase in revenue to £157.1 million compared to the previous year, but a 1.3% decline in adjusted EBITDA to £23.3 million [1] - Commercial revenue for the quarter rose by 3.4% to £90.4 million year-over-year [1] - The club's ownership situation has been under scrutiny, with UK billionaire Jim Ratcliffe acquiring a 25% stake after a prolonged sale process [2]

MANCHESTER, England--(BUSINESS WIRE)--Manchester United (NYSE: MANU; the “Company” and the “Group”) – one of the most popular and successful sports teams in the world - today announced financial results for the 2024 fiscal first quarter ended 30 September 2023. Outlook For fiscal 2024, the Company is forecasting revenue guidance to be within a range of £635 million to £665 million from prior guidance of £650 million to £680 million and adjusted EBITDA guidance to be within a range of £125 million to £150 ...