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May 10, 2021

Manchester United owner Joel Glazer promises angry fans investment and consultation, Warren Buffett’s heir apparent is deal-maker Greg Abel, Bill and Melinda Gates to divorce but continue charitable foundation.

Manchester United owner Joel Glazer promises angry fans investment and consultation

Apologetic co-chairman Joel Glazer has sought to reassure Manchester United fans he and his US billionaire family “care deeply” about the English Premier League football club they own and pledge greater investment and fan consultation.

April 26, 2021

Sir James Dyson defends ventilators texts to PM Boris Johnson, Juventus chairman Andrea Agnelli “remains convinced” by European Super League, Chinese and US shoppers boost luxury sector recovery for Kering, Hermes and LVMH.

Sir James Dyson defends ventilators texts to PM Boris Johnson

Sir James Dyson says he neither sought nor received any benefit from Boris Johnson when he was asked by the UK’s prime minister to build £20 million ($27.7 million) worth of ventilators early in the national Covid-19 emergency.

May 4, 2018

United States based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

United States-based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

Retail giant Walmart, owned by the Walton family, announced on Monday its “combination” of its UK subsidiary Asda with rival chain Sainsbury’s to create the country’s largest grocer by market share.

November 21, 2017

Football stadiums and fine dining are two phrases that don’t often go together. However, this is about to change with the opening of The H Club—a private members’ club at Tottenham Hotspur’s new stadium that is set to redefine the premium experience in sport.

Football stadiums and fine dining are two phrases that don’t often go together. However, this is about to change with the opening of The H Club—a private members’ club at Tottenham Hotspur’s new stadium that is set to redefine the premium experience in sport. We spoke to Andy O’Sullivan, director of hospitality, about what sets the ultra-luxurious H Club apart.

February 7, 2013

Owning a huge sports brand like Manchester United or the New York Yankees might make more economic sense than popular perception suggests, but don’t expect to make much money out of it.

On a freezing night at the end of November, Chelsea was taking on Manchester City in a cup game. After exactly 16 minutes, a round of applause rang around the stadium from the Chelsea fans. For those in the know, it was a sign – a sign of loyalty to the former manager Roberto Di Matteo, a legendary Chelsea player who wore the number 16 shirt and who was recently sacked.

May 6, 2011

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

Football in the UK attracts investment from prominent figures, many of them linked to family businesses including steel magnate Lakshmi Mittal and Abu Dhabi’s Sheikh Mansour. In Italy families back some of the largest clubs; the Agnellis finance Juventas and the Moratti family are behind Inter to name just a few.

January 20, 2010

As two of the English Premier League’s top clubs battled for bragging rights last night in the Manchester derby, the clash also saw two of the biggest families in the Premier League go head-to-head, writes Paul Golden

As two of the English Premier League's top clubs battled for bragging rights last night in the Manchester derby, the clash also saw two of the biggest families in the Premier League go head-to-head. The Glazier family, owners of Manchester United, and Abu Dhabi's ruling family, who own Manchester City, have both been making headlines in the past week for the levels of debt at their respective clubs, begging the question is it the beginning of the end for family investment in sports teams?

July 7, 2009

Liebherr Group, the family-owned construction machinery manufacturing giant, is reported to be backing a bid by a billionaire Swiss family to rescue the bankrupt English football club, Southampton FC.

Liebherr Group, the family-owned construction machinery manufacturing giant, is reported to be backing a bid by a billionaire Swiss family to rescue the bankrupt English football club, Southampton FC.
 

November 1, 2008

Amit Bhatia is one of a growing number who are investing in their own sports team. However, Lakshmi Mittal’s son-in-law explains why it’s not about money to Marc Smith

While many wealthy individuals are happy to leave their lifestyle investments at the latest sports car or superyacht, some prefer to pour their money into what is rapidly becoming the ultimate status symbol – buying a sports team.

From George Steinbrenner's purchase of baseball's New York Yankees to Mukesh Ambani's Mumbai Indians cricket team, the world of sport is awash with billionaires hoping to create an intoxicating but often elusive mixture of profit and sporting success.

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