Manchester United shareholders may have scored after all

Manchester United shareholders may have scored after all

Updated October 18, 2023 at 5:43 p.m. ET

Manchester United shareholders behave like disheartened soccer fans after video refereeing technology disallows a goal. However, they could still win the match.

The British football club’s publicly traded Class A shares have lost around 10% of their value since the weekend, when it was widely reported that the British billionaire Jim Ratcliffe is in talks to acquire a 25% stake through its petrochemical company Ineos. The other bidder, Sheikh Jassim Bin Hamad al-Thani, chairman of the Qatar Islamic Bank, dropped out.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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