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Marketplace All-in-One

Is a British billionaire about to buy a 25% stake in Manchester United?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 19 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Manchester United’s board is meeting on Thursday to consider a bid from British billionaire Sir Jim Ratcliffe to buy a 25% stake in the club. Plus, Nokia cuts 14,000 jobs as its bet on 5G proves costly. And finally, the BBC’s James Graham explores why the cost of sending your children to private school in the United Kingdom is rising.

 

Transcript

Click on a timestamp to play from that location

0:00.0

This marketplace podcast is supported by C-Power Energy.

0:03.4

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0:07.5

by unlocking the full value of its customers' distributed energy resources.

0:11.7

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0:15.3

and renewable energy is deployed,

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0:21.8

to balance the grid when and where it's needed most to prevent blackouts.

0:26.5

Visit C-PowerEnergy.com today that's C- as in customer,

0:31.0

powerenergy.com to find out how your business can be rewarded

0:35.0

for joining the largest virtual power plant network in the U.S.

0:39.3

How's a British billionaire made the right play to net a stake?

0:43.2

Manchester United.

0:44.4

Hello, and you're listening to the Marketplace Morning Report

0:46.8

live from the BBC World Service.

0:48.7

I'm Liana Byrne, a very good morning to you.

0:50.9

Okay, let's talk about the sale of one of the sport's biggest brands.

0:55.5

The board of the British Soccer Club Manchester United is meeting later on

0:58.7

to consider a bid from the billionaire Sir Jim Rackliff

1:02.1

to buy a 25% stake.

1:04.7

It would also mean that the club's current owners, the New York-based Glaser family,

1:09.2

can hold on to their majority stake.

1:11.4

The BBC's Ollie Darbert Hanson told me the latest details in this long-running saga.

...

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