British billionaire Jim Ratcliffe struck a long awaited deal on Sunday to buy a 25 per cent stake in Manchester United and pledged to invest AED 1.1 billion in the English Premier League soccer club to try to revive its fortunes.
The deal, which will also see Ratcliffe’s INEOS group take over management of the club’s soccer operations, ends more than a year of uncertainty after majority owners, the Glazer family, said in November 2022 they were looking at strategic options.
The Glazers have come under heavy criticism from fans for presiding over a decline in the club’s performance since former manager Alex Ferguson retired in 2013 following a period of unprecedented success.
“As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the club,” Ratcliffe, 71, said in a statement.
“Whilst the commercial success of the club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times.
“We will bring the global knowledge, expertise and talent from the wider INEOS Sport group to help drive further improvement at the Club, while also providing funds intended to enable future investment into Old Trafford.”
Ratcliffe’s stake purchase at AED 121 per share values the 20 times English champions at AED 23.14 billion including debt, a source familiar with the matter said.
The club said AED 734.5 million of Ratcliffe’s planned investment would be paid on closing of the deal, and a further AED 367.2 million by the end of 2024.
Qatar’s Sheikh Jassim bin Hamad al Thani had also looking at buying the club, but dropped out of the process, saying he would not raise his AED 22 billion offer.
Ratcliffe’s INEOS also owns French Ligue 1 club Nice, Swiss Super League side FC Lausanne-Sport, and works with Racing Club Abidjan of Ivory Coast Ligue One. It is also behind the Grenadiers, one of the world’s most successful cycling teams.
“Sir Jim and INEOS bring a wealth of commercial experience as well as significant financial commitment into the club,” United’s executive chairs Avram Glazer and Joel Glazer said.
“And, through INEOS Sport, Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game.”
Since Ferguson stepped down, United have cycled through five permanent managers and three caretakers but failed to recapture the glory days, winning one FA Cup, two League Cup trophies and a Europa League title in 11 years.
The Glazers’ adamant stance on not selling the club over the years has become a source of frustration for the fans who clamoured for change and held protests as the club’s net debt soared to over AED 2.2 billion.
The Manchester United Supporters Trust (MUST) welcomed the investment from Ratcliffe but questioned the new structure that will be put in place and demanded a meeting with the INEOS team to understand its plans.
“We note the statements that he and his team will control sporting activities, yet puzzle how any organisation can put its very core business in the hands of a minority shareholder, and how that meaningfully works in practice,” MUST said in a statement.
“It is now incumbent on the club’s owners and management to properly explain how this new structure will work, where the new investment will be directed and how it will benefit the team on the field.”
Under Dutch coach Erik ten Hag, United are eighth in the Premier League table – 12 points off the top – despite a transfer outlay of nearly AED 4 billion euros in the last six years.
They were also knocked out of European competitions after finishing last in their Champions League group.
“We are here for the long term and recognise that a lot of challenges and hard work lie ahead,” Ratcliffe added.
“Our shared ambition is clear: we all want to see Manchester United back where we belong, at the very top of English, European and world football.”
Norway Chess, the prestigious organiser of elite international chess tournaments, has officially launched a new World Championship series approved by the International Chess Federation (FIDE).
Dubbed the Total Chess World Championship Tour, the initiative aims to identify the player who excels across three formats: Fast Classic, Rapid, and Blitz.
“We are looking for ‘The Total Chess Player’, a versatile, tactically intelligent, and technically skilled athlete who seamlessly adapts to multiple time controls,” said Kjell Madland, CEO of Norway Chess and the new championship.
The Total Chess World Championship Tour will consist of four tournaments annually, held in different cities worldwide. A pilot tournament is planned for fall 2026, with the first full championship season kicking off in 2027. The overall winner at the final stop will be crowned the official FIDE World Combined Champion.
Tour Structure and Prize Pool
Each of the first three events will carry a minimum prize pool of $750,000, while the Finals, featuring the top four competitors, will award at least $450,000, in addition to performance bonuses for top scores at individual events and across the tour.
The Fast Classic format, featuring 45 minutes plus 30-second increments per move, will receive a classical chess rating, giving players the chance to demonstrate strategic skill in a faster-paced environment.
A New Era for Chess Fans
FIDE President Arkady Dvorkovich expressed strong support for the initiative: “Chess is already a global phenomenon, but the Total Chess World Championship Tour will bring a new title, faster formats, and engaging broadcasts to captivate both existing fans and new audiences. This complements the traditional World Chess Championship and represents a long-term collaboration with Norway Chess.”
Norway Chess is now inviting host cities, investors, and partners to join discussions about the tour, which promises cutting-edge technology, innovative broadcasts, and an exciting format aimed at broadening the global appeal of chess.
The UAE capital is getting ready to build a massive 24,000-seat stadium, and yes, it’ll be fullyair-conditioned for year-round comfort.
Set to rise in Zayed City, the new sports complex will feature retractableroofing, sustainablecooling systems, and advanced digital screens for an immersive fan experience.
Planned as part of Abu Dhabi’s urban expansion strategy, the stadium will host international matches, concerts, and community events, all in climate-controlled comfort.
Officials say the project underscores Abu Dhabi’s ambition to become a global destination for major sporting events while keeping sustainability at its core. The design uses energy-efficient cooling and solar integration to minimise carbon emissions.
This comes as the UAE continues to invest heavily in sports infrastructure, from cricket and football arenas to Formula 1 circuits, reinforcing its global sporting appeal.
So next time the temperature soars past 45°C, don’t worry, Abu Dhabi’s got you covered, literally.
The Brampton Blitz were crowned the first-ever champions of the Canada Super 60 at BC Place, cruising past the Montreal Royal Tigers by eight wickets in a dominant final.
The Blitz showcased their supremacy with the ball, as Dillon Heyliger (4/9), David Wiese (3/6), and Chris Greaves (3/16) bundled out the Tigers for a mere 69 in eight overs. Shakib Al Hasan (29 off 12) and Dilpreet Bajwa (18 off 8) were the only batters to reach double figures for Montreal.
Chasing a modest total of 70, the Blitz wrapped up the victory in just 5.5 overs. James Vince top-scored with a blistering 34 off 16 deliveries, while Martin Guptill contributed a quick 23*. Alex Davies finished proceedings with a six to seal the championship.
Blitz Storm into Final with Nine-Wicket Semi-Final Win Over Mississauga Masters
Earlier in the day, the Brampton Blitz displayed their firepower in the semi-final, demolishing the Mississauga Masters by nine wickets. Chasing 148, Martin Guptill (79 off 25) and Will Smeed (63 off 21) shared a record-breaking 141-run stand in just 6.5 overs. Guptill smashed 11 sixes, while Smeed hit eight, taking the Blitz comfortably past the target in eight overs.
Leus de Plooy (43 off 20) and Sikandar Raza (29 off 13) had provided the Masters with a quick start, supported by Shubham Ranjane (25 off 9) and Rayyan Pathan (19 off 7). Piyush Chawla’s three-wicket haul (3/23) was the highlight for the Blitz bowlers.
Montreal Royal Tigers Overcome Vancouver Kings to Reach Final
In the first semi-final, the Montreal Royal Tigers defeated the Vancouver Kings by 24 runs. Nick Hobson’s 50 off 23 balls rescued the Tigers after an early collapse, lifting them to 100/6 in 10 overs. Baltej Singh (3/21) was the pick of the Kings’ bowlers, while Jaskaran Singh, Dwayne Pretorius, and Tajinder Singh shared three wickets.
During the chase, Shakib Al Hasan (2/5) and Ryan Higgins (2/16) restricted the Kings to 76/7, despite efforts from Max Chu (25 off 10), Obus Pienaar (20 off 11), and Jaskarandeep Singh (16 off 13).
End-of-Season Awards
Most Valuable Player: David Wiese – 149 runs at a strike rate of 213+, plus nine wickets.
Top Scorer: Leus de Plooy (Mississauga Masters) – 238 runs in six innings at a strike rate over 231.
Top Wicket-Taker: Dillon Heyliger (Brampton Blitz) – 13 wickets in seven matches at an average of 11.76.
The inaugural Canada Super 60 concluded with the Brampton Blitz leaving an indelible mark on the tournament, blending explosive batting and lethal bowling to lift the trophy.