While the principal debt remains the same, it is understood that the increase in the net debt has been primarily down to the lack of revenue due to the coronavirus pandemic. Orlando Pirates striker Mabasa's stats are highly impressive, now can he keep it up? If the sale goes through, Avram Glazer’s personal stake in the club would reduce down to 10.2% while the family as a whole would own just under 75%. The information contained in Goal (South Africa) may not be published, broadcast, rewritten, or redistributed without the prior written authority of Goal (South Africa), He could be in for a huge windfall after announcing he is selling 5,000,000 Class A shares but it will not impact the ownership of the club, Click here to see more stories from this author, Ronaldo's shirt-throwing reaction in Juve win explained, VAR decision to overturn Cavani’s Man Utd goal slammed, Mourinho in spectacular rant criticising Solskjaer over Son comments, Orlando Pirates player ratings as Mabasa and Dlamini dazzle against Al Ahli Benghazi, Cavani shows Man Utd why it will be so hard to replace El Matador this summer, 'Son is lucky his father is a better person than Ole' – Mourinho and Solskjaer spar over VAR call. The Academic Staff Union of Polytechnics (ASUP) has embarked on an indefinite strike over the non-implementation of its demands by the federal government.The union's... Niger State Government has announced that public schools in the state are to reopen from Monday.Commissioner for Education, Hannatu Salihu, made this announcement on... 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One Canadian stock that is benefitting from the strong oil prices is Suncor Energy (TSX:SU)(NYSE:SU). READ MORE: Mrs Hinch fan shares best patio cleaning product to remove dirt Nigeria's Largest Information Portal. The value of the licensing deal rose by another 70.2% in 2015, when Sky and BT paid £5.136 billion to renew their contracts with the Premier League for another three years up to the 2018–19 season. Lynsey Queen of Clean, AKA Lynsey Crombie, is a TV cleaning expert and best selling author known for sharing her tips and hacks on social media. Christopher Ruane would consider buying these three today. It was as though the testing equipment were being hoarded just as they did with... By Gbenga Odunsi and Amaka Odozi, Lagos "The crowd is too much and most of the centers are not observing the Covid-19 guidelines, we need... By Amaka Odozi and Damilola Ayomide Amad sparkles but old habits die hard for Man United, Solskjaer addresses forward injury crisis, Henderson accused of playing up to cameras. Class A shares, which these are, have a tenth of the voting rights of Class B shares and the Glazer family owns the majority of Manchester United. The... By Damilola Ayomide, Amaka OdoziIn the average Nigerian household, onion is an important food item. Manchester United co-chairman Avram Glazer timed the sale of five million shares to cash in on the club's high value, which analysts estimate has risen by £700 million in 12 months. Manchester United co-chairman Avram Glazer has put five million of his shares, with a value of around £70 million ($97m), up for sale. The Vanguard Energy Index Fund is up 34% for the year and shows no sign of slowing down. In short it doesn’t really affect them at all. United announced Glazer's decision on Thursday night, with the offering expected to run until Tuesday. "Manchester United will not receive any proceeds from the sale of any Class A Ordinary Shares by the Selling Shareholder. … The sale, should it happen, would see the Glazers' ownership of the club drop from 78 per cent to 74.9% and it is understood the family has no plans to relinquish its ownership fully. The average bill hike that will be felt this month will be £148.63 - a 16.6 percent bill increase. Find Nigerian News, Entertainment, Lifestyle, Sports, Music, Events, Jobs, SME Listings and much more. It is understood the family has no plans to relinquish its control. With the current New York Stock Exchange valuation of $20.13 each per share it would mean he is in line to rake in $101m (£72m). Copyright © 2021 Goal (South Africa) All rights reserved. Africa’s largest economy, Nigeria lost its footing as it officially slid into its second recession under five years. There aren't that many FTSE 100 UK shares currently offering yields in excess of 6%. Today as unconditional trading began on the stock market the shares were up 8.75p, or just over three per cent, at 288.75p, still more than a quarter down on the launch value. The National Association of Resident Doctors (NARD) has suspended its nationwide industrial action.This comes 10 days after the doctors... Elder Statesman and former Leader of a socio-political group, Afenifere, Pa Reuben Fasoranti, has expressed support for the presidential ambition of the APC National... Imo State Governor, Hope Uzodinma has expressed that gunmen attempted to invade the state government house on Monday but were not successful.Uzodimma made this... Edo State Governor, Godwin Obaseki has expressed that despite the challenges facing Nigeria, the country has come to stay as one united entity.Obaseki stated... "Getting tested despite my obvious symptoms was very difficult. The surge has lifted Volkswagen's market value above $160 billion, making the carmaker the biggest company of the DAX benchmark index, ahead of software group SAP. In terms of the club’s finances, United announced last week in their latest set of financial results that they had seen their net debt grow to £455.5m ($633m), an increase of £64.2m ($89m) compared to last year's results. The offering is expected to close on March 16, 2021.". The Glazer family still has the vast majority of shares and there is no suggestion that it has any plans to sell them on any time soon. The total domestic rights have raised £3.018 billion, an increase of 70.2% over the 2010–11 to 2012–13 rights. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as … As … Manchester United co-chairman Avram Glazer has put five million of his shares, with a value of around £70 million ($97m), up for sale. Energy stocks have been delivering solid returns this year, driven by surging oil prices. The U.S. is considering sending money to Central Americans in an attempt to stem the flow of migration.A senior White House official told Reuters the program would aim to address the economic woes pushing people to move.There's been a steady increase in arrivals at the U.S.-Mexico border in recent months.Some 168,000 people were picked up by U.S. Border Patrol agents in March - the … The statement release on Thursday night confirmed the club would not receive any money from the sale: "Manchester United plc ["Manchester United"] today announced the offering of 5,000,000 of its Class A Ordinary Shares by the Avram Glazer Irrevocable Exempt Trust [the "Selling Shareholder"]. Excess of 6 % SU ) Energy ( TSX: SU ) an increase of 70.2 % the! This year, driven by surging oil prices … the average Nigerian household, onion is an important food.! On Thursday night, with the offering expected to close on March 16, 2021. `` habits hard... 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