English soccer club Manchester United seems to be a growing blue chip investment off late, especially after it became the most valued soccer club of the world. In recent developments, a US investment firm BlackRock has bought around 8 percent of the club’s Class A shares through open market. Glazer family, controlling stock holder, will still hold the controlling powers in the club coz they have Class B share which have ten times more voting power than Class A shares. In reality, ManU stocks have been volatile in recent few weeks in London stock exchange whereby their value has already been surged by around 35% in past three months, and after this buyout, coming days are also supposed to be money carrier for the club. Financially, it is one of the biggest investments in the club after it went public last August. The formal information to Securities and Exchange Commission will be communicated by Wednesday. Actually, English club has made many significant financial decisions where it … [Read more...]
Manchester City enter a deal with Milan for Balotelli
After months of speculations, Italian striker Mario Balotelli is set to leave Manchester City to get a place in AC Milan. Reportedly, City has finalized a deal with AC Milan for the striker at an annual salary of 4.5 million euros for a four-and-a-half year term until 2017. It is an interesting comeback for the Italian striker coz he was shifted to the Manchester City from Milan back in 2010 at £22 million, but his spell at City never brings any glory for the English club, perhaps he always remained in the news for wrong reasons, and now he is back to his old club at an almost equal amount that Milan earlier paid for him. According to the agreed deal, Milan will pay City 4 million euros every year for next five years along with a 3 million euro in bonus. Consequently, Balotelli will be back to his home once all formalities are completed, including his medical. City manager Roberto Mancini issued a statement over his transfer that reads as, “For two years it's always the question. It's … [Read more...]
Manchester United become first to cross 3 billion valuation
Manchester United enjoying its roaring stock for the first time since it went public in August last year; its stock has soared by more than 24% in two weeks to redefine the valuation of English club. Record wise, it has now crossed the 3 billion mark and become the first sport’s club in the history to reach that level. NFL’s Dallas Cowboys are closely following it with little more than 2 billion and Real Madrid is third closely following soccer club with just under 2 billion in valuation. World known investor George Soros, who bought around 3.1 million shares of Red Devils when it was listed in the stock exchange, would now be a happy man by looking at his rising stocks. Initially, his move to invest in a soccer club was heavily criticized from every corner; perhaps many labeled him as an insane business tycoon who is risking his millions of dollars on an unstable sporting club. America business magazine Forbes issued the latest valuations of top soccer clubs; it also mentioned the … [Read more...]
Messi and Ronaldo are on fire in La Liga
Spanish league La Liga is heating up as its two strongest contenders Barcelona and Real Madrid’s have tightened their grips over opponents. Sunday was the day of two brightest soccer players of contemporary soccer: Lionel Messi of Barcelona and Cristiano Ronaldo of Real Madrid when they crushed their opponents with a power pack display on Sunday. While, Barcelona defeated 10-man Osasuna by a comprehensive margin of 5-1; its arch rival Real Madrid is not far behind; it also overpowered Getafe by 4-0. Both these victories are rememberable for Messi and Ronaldo performances, Messi poured the ball into the net for four times, Ronaldo scored his 20th career hat trick within a span of eleven minutes. With their respective wins; both these teams retained their highest positions in the leaderboard: Barcelona is right on the top enjoying a clear 11 points lead from second place holder Atletico Madrid who lost its match by 3-0 at Athletic Bilbao. Real is further behind of Atletico by four … [Read more...]
Casillas axed for up to 12 weeks for his hand fracture
La Liga club Real Madrid would surely be dreaming to defeat its arch rival Barcelona in coming weeks, but it would have never imagined that it would have to do the task without its ace goalie. Madrid first goalkeeper and captain Casillas got his left hand fractured when he collided with teammate Alvaro Arbeloa accidentally in his attempt to recuse the ball during Wednesday’s 1-1 tie with Valencia in the Spanish Cup. Later, his injury found to be serious one and he had to undergo a surgery immediately. Having a bone surgery means laid off for at least 12 weeks; hence he will also miss the field for a similar term. His club issued a statement containing doctor’s brief about the injury; statement scripted by chief medical officer Carlos Diez reads as, “The period of unavailability is between eight and 12 weeks. After a successful operation yesterday, the captain is back home resting. Everything went superbly well. Now it is all a question of waiting while he recuperates.” At the … [Read more...]
- « Previous Page
- 1
- …
- 161
- 162
- 163
- 164
- 165
- …
- 206
- Next Page »