Man Utd deal was win-win for Ratcliffe and Glazers, says Raine Group Sport Business Sir Jim Ratcliffe’s £1.25bn investment in Manchester United was a win for both him and majority shareholders the Glazers, insists the bank which brokered the deal. Ineos tycoon Ratcliffe shelled out for a 27.7 per cent stake in the Premier League football club in December and, in return, took over much of the decision-making from [...]
Saudi Arabia’s PIF seeks to up Selfridges stake to 50 per cent Business Saudi Arabia's Public Investment Fund has made a bid to up its stake in Selfridges to 50 per cent for a cash price of £1m.
Saudi Arabia bid $1bn to combine men’s and women’s tennis tours deal to be done? Tennis could be the next sport to fall into the arms of Saudi Arabia after discussions at Indian Wells this week reportedly included a $1bn take-it-or-leave-it offer from the state backed Public Investment Fund which would see the men’s and women’s tours merged. The reports, in the Telegraph, suggest that ATP chairman Andrea Gaudenzi asked [...]
Saudi Arabia’s PIF beefs up tennis presence with major ATP partnership February 28, 2024 PIF will sponsor the ATP rankings and five tournaments.