The family of late Manchester United owner Malcolm Glazer is set to make a lot of money by selling off more shares of the Premier League club, while a club document warns that the Red Devils new deal with adidas would lose value if the club misses the Champions League in successive seasons.
The BBC is reporting that the Glazers will open up another five percent of the club on the New York Stock Exchange. The sales would net them an expected $150 million, meaning 15 percent of the club would be publicly-owned.
[ MORE: United inks massive post-Nike deal with adidas ]
The family would still own over 80 percent of the club after the sale of eight million shares.
From the BBC:
Manchester United’s US owners are set to pocket about $150m (£88.7m) by selling more of their shares in the club on the New York Stock Exchange.
The deal comes two months after Malcolm Glazer died. His six grown children control the club.
The latest share sale was announced on a day when United shares closed at $19.31 apiece.
Cue the family lambasting from England and abroad, as this news comes on the heels of a club prospectus warning against missing UEFA Champions League football in the future:
“Because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition, particularly for consecutive seasons, would negatively affect our ability to attract and retain talented players and coaching staff, as well as supporters, sponsors and other commercial partners.
‘Failure to participate in the Champions League for two or more consecutive seasons would also reduce annual payments under the recently announced agreement with adidas by 30 per cent of the applicable payment for the year in which the second or other consecutive season of non-participation falls.”
From Sky Sports:
Christian Pulisic and Clint Dempsey combined for another goal, and the USMNT leads Panama 1-0 in a World Cup qualifier Tuesday in Panama City.
A physical, chippy first half didn’t see many clear cut chances and was 0-0 after 38. minutes.
[ STREAM: Live on Telemundo Deportes ]
The first 10 minutes were a bit frenetic, with the U.S. focused on adventurous first touch passes when it managed to earn the ball from Panama.
That feel wasn’t aided by the officiating, as Cesar Ramos was inconsistent in a very physical opening half-hour.
Then, the breakthrough. Dempsey moved to within a goal of Landon donovan’s all-time mark thanks to Pulisic, who cooked Felipe Baloy and held off Roman Torres before laying off to the veteran. 1-0, 39′.
The lead lasted all of three minutes, as Gomez pounced on a loose ball with the Yanks’ back line at sixes and sevens off a long throw-in. Gomez turned off Jermaine Jones and lost Villafana to bury his chance behind Howard. 1-1, 44′.
The United States looks to finish the international break in an automatic qualifier spot in the CONCACAF World Cup qualifying table when it faces Panama in Panama City at 10:05 p.m. EDT Tuesday.
A lot of the faces are the same from the 6-0 demolition of Honduras in California on Friday, though John Brooks and Sebastian Lletget are out with injury.
Jermaine Jones replaces Lletget while Tim Ream moves into the fray for Brooks. Geoff Cameron played Friday’s match with a minor injury, and moves out of the XI for Graham Zusi.
USMNT: Howard; Villafana, Gonzalez, Ream, Zusi; Bradley, Jones, Nagbe; Pulisic, Dempsey, Altidore
Subs: Bingham, Rimando; Beasley, Besler, Camron, Zimmerman; Acosta, Arriola, Bedoya, Kljestan, McCarty, Pulisic; Wondolowski
Diego Reyes’ 58th minute header off a corner kick gave Mexico a lead it wouldn’t give up in a 1-0 win over Trinidad and Tobago at Hasely Crawford Stadium in World Cup qualifying on Tuesday.
The win gives Mexico a table-topping 10 points, seven ahead of last-place T&T.
[ MORE: Honduras 1-1 Costa Rica ]
The Soca Warriors were in fine, stingy form early, and looked to have gone ahead on the counterattack when Joevin Jones belted a left-footer into the Mexico goal.
The linesman, however, ruled that Jones was offside. He almost certainly was not, as Mexico’s supreme luck in CONCACAF play continued for at least one night.
Hector Herrera hammered a shot off the far goal post early in the second half as Mexico attempted to grab control.
T&T goalkeeper Jan-Michael Williams jammed Miguel Layun’s shot over the bar moments before the breakthrough from Reyes.
Williams then saved Javier Hernandez’s 64th minute offering as Mexico looked to put three points to bed.
Joevin Jones won a free kick in the 76th minute that gave a brief moment of light to T&T’s hopes, but Jones hit the wall and Mexico cleared the ball.
Honduras did the United States a favor by taking a point from visiting Costa Rica in Tuesday’s CONCACAF World Cup qualifier in San Pedro Sula.
Anthony Lozano pushed a 35th minute chance past an indecisive Keylor Navas, as Los Catrachos set the stage for a hopeful three points.
[ STREAM: T&T-Mexico, Panama-USMNT ]
Vancouver Whitecaps center back Kendall Waston’s haphazard defending helped allow the goal, but he scored off a late Costa Rica corner kick to ensure Costa Rica will finish the international break in second place.
With four points, Honduras moves ahead of Trinidad and Tobago and the United States before both sides play Tuesday.
Costa Rica beat the U.S. 4-0 in 2016, while the Yanks battered Honduras 6-0 on Friday.