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    • HOME
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      Brazilian man faking his death just to know who would attend funeral

      Brazilian man faking his death just to know who would attend funeral

      Iran: One killed in attack on embassy of Azerbaijan

      Iran: One killed in attack on embassy of Azerbaijan

      Virginia teacher shot by a Six-year-old student

      Virginia teacher shot by a Six-year-old student

      US sees Pak, India as equal partners, Ned Price

      No objection to Pakistan importing Russian oil, US

      Asian farm worker arrested in shooting in California killing 11 people

      Asian farm worker arrested in shooting in California killing 11 people

      Israeli civilian shot dead Palestinian man in West Bank

      Israeli civilian shot dead Palestinian man in West Bank

      Ukraine urges West to speed up supply of weapons

      Ukraine urges West to speed up supply of weapons

      Nepal mourns on deadliest plane crash

      Nepal mourns on deadliest plane crash

      Results of midterm elections good for democracy, Biden

      Republicans want data of visitors logs of Biden’s home

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      NEPRA reduces electricity tariff by Rs10.80 per unit

      NEPRA reduces electricity tariff by Rs10.80 per unit

      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      IMF to land Pakistan tonight for 9th economic review

      Gold prices soar up at all time highest level

      After dollar gold price creates panic as it crosses Rs200,000 per tola

      Recovery rupee continues against US dollar

      Dollar continuously spreads pain, jumping nearly Rs20.10 in a day

      Asian markets fluctuate as traders return from Lunar New Year break

      Asian markets fluctuate as traders return from Lunar New Year break

      Petroleum ministry devises a new policy to bring down fuel prices by Rs20

      OGRA refutes rumors of fuel shortage in country

      Some google apps likely face trouble in Pakistan

      Google announces about 12,000 job cuts globally

      FIA arrests gang impersonating bank representatives

      FIA arrests gang impersonating bank representatives

      Visa appoints new Manager for Pakistan to boost e-commerce industry

      Visa appoints new Manager for Pakistan to boost e-commerce industry

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      Priyanka Chopra reveals her daughter Malti Marie Chopra

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      Pathaan surpasses reigning box office giant Avatar on opening day

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Paris Hilton gives birth to her first child

      Paris Hilton gives birth to her first child

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Esha soon making comeback with “Main”

      Esha soon making comeback with “Main”

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

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      Sunil Shetty reveals why he quit from Bollywood movies

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      AN EPISODE OF INVINCIBILITY.   

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      Home SPORTS

      Why Manchester United, Liverpool up for sale

      Why Manchester United, Liverpool up for sale

      Web Desk by Web Desk
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      Reading Time: 4 mins read
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      Manchester United fans have celebrated the news that the Glazer family are open to selling the club after an acrimonious relationship with supporters during their 17 years in charge.

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      But United are not the only iconic English club on the market with Liverpool’s owners, the Fenway Sports Group, also seeking to sell a share or all of their stake in the six-time European champions.

      AFP Sport looks at the reasons why both the two most successful clubs in English football history are up for sale:

      Super League stalemate

      The Glazers and FSG were behind the botched attempt at a breakaway European Super League in 2021 that rapidly collapsed amid a furious backlash from fans, governing bodies and politicians.

      A cabal of 12 leading European clubs sought to create a closed league format common in US sport without promotion or relegation or the need to qualify every year as they do currently for the Champions League.

      The idea was to maximise revenue from more guaranteed games against top-level opposition, while also controlling costs in an attempt to make clubs far more profitable.

      Barcelona, Real Madrid and Juventus are going through the courts in an attempt to get the Super League off the ground.

      But with opposition to the project still fierce in England, it would be hugely unpopular move for any Premier League owner to pursue.

      Newcastle threat

      Without a Super League, Champions League revenue is even more vital to United and Liverpool.

      However, their place at the top table of European football is set to come under increasing threat by the rise of Newcastle under the ownership of the Saudi sovereign wealth fund.

      As the Premier League takes a mid-season break for the World Cup, neither United nor Liverpool are in the top four.

      Just over 12 months into a new era, Newcastle are up in third.

      Both clubs have already been stung by state wealth as Abu Dhabi-backed Manchester City has superseded their traditional rivals to become the dominant force in English football over the past decade.

      For the fourth time in 10 years, United failed to qualify for the Champions League this season.

      Liverpool are in the competition for a sixth consecutive season thanks to coach Jurgen Klopp´s transformation of the Reds’ fortunes.

      But prior to that run, Liverpool reached the Champions League just once in seven years.

      Chelsea sale price

      Despite a fire sale caused by sanctions imposed on Roman Abramovich for his links to the Kremlin, Chelsea fetched a record price for a football club of £2.5 billion ($3 billion) in May thanks to a bidding war.

      Tellingly, United´s owners have appointed Raine, the same bank used in the Chelsea sale to lead the process for fresh investment.

      With a far more glorious history than the Blues and a larger global fanbase, both United and Liverpool should fetch a higher price despite being based in England’s north-west compared to London.

      Analysts believe United could fetch as much as £5 billion for a club the Glazers bought for £790 million in a leveraged takeover.

      FSG are in line for a 10-fold increase on the £300 million they spent to acquire Liverpool in 2010.

      Changing economic climate

      As interest rates rise to try and quell inflation around the globe, the burden of carrying debt has become a lot more onerous.

      United´s net borrowings swelled to £515 million in the 2021/22 season.

      The Glazers also recognised the need for major capital expenditure on upgrading Old Trafford in their statement on seeking investment.

      Liverpool are going through a second expansion of the club´s stadium during FSG’s tenure with an £80 million redevelopment of the Anfield Road Stand.

      On the field, Liverpool fans are also crying out for investment in new players after a dramatic drop-off in performances this season by an ageing squad.

      With borrowing far more expensive than it has been for most of their time in English football, both the Glazers and FSG appear to have decided now is the time to cash out.

      Tags: footballliverpoolManchestersaleunited

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      Web Desk

      Web Desk

      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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