As Manchester United takeover saga continues, Brera Holdings makes strategic investment

Dublin, Ireland-based Brera Holdings PLC has made a strategic investment in Manchester United, the Irish company announced Tuesday.

“We... Dublin, Ireland-based Brera Holdings PLC has made a strategic investment in Manchester United, the Irish company announced Tuesday. “We believe that our strategic investment in MANU at this time has potential for value creation and eventual realization, and we look forward to briefing their board on ways to achieve that,” said Brera Holdings CEO Sergio Scalpelli, in a statement.MarketWatch has contacted Manchester United with a request for comment on this story.

Shares of Manchester United Ltd. rallied 2.9% Tuesday after ending Monday’s session down 4.1%. Brera Holdings’ stock fell 13.3% Tuesday.The protracted takeover battle for Manchester United is now in its eighth month. Sheikh Jassim, the chair of Qatar Islamic Bank and the son of a past prime minister of Qatar, and Jim Ratcliffe, the chief executive of the chemical giant Ineos, have made rival bids for Manchester United, which is currently owned by the Glazer family, based in Florida.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

United Airlines CEO says US in a 'business recession' but consumers 'strong'The United States is in a 'business recession' but the consumer is 'strong', Scott Kirby, chief executive of United Airlines , the world's largest carrier, told reporters at an aviation conference in Istanbul on Monday.
La source: Reuters - 🏆 2. / 97 Lire la suite »