Brentford owner Benham weighs up minority investment in Bees March 19, 2025 Brentford have received multiple offers of minority investment from American groups who value the club at around £400m. Owner Matthew Benham has been seeking additional investment for over a year. Rothschild was appointed to oversee the sales process but Morning Wire understands that the merchant bank is no longer working on the Brentford deal. The [...]
Manchester United Old Trafford plans set to be revealed March 10, 2025 Manchester United are today expected to announce plans for a new stadium to replace Old Trafford after co-owner Sir Jim Ratcliffe defended the club’s penny pinching. A “Wembley of the North” on the site of Old Trafford has been Ratcliffe’s goal since the billionaire purchased just under 30 per cent of Manchester United last year. [...]
Mark Kleinman: A reset BP might not have drilled deep enough for activists February 27, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly Morning Wire column. Today, he tackles activist investors drilling into BP, Ratcliffe’s cost-cutting and a big ticket auction A reset BP might not have drilled deep enough for activists Bernard’s Parable or Belated Pivot? These might be the most concise [...]
Ratcliffe calls on Europe to ditch carbon tax to save chemicals industry February 26, 2025 Sir Jim Ratcliffe has warned that Europe’s chemicals industry “faces extinction” and called on European Union leaders to ditch their carbon tax and increase tariffs to preserve it. In an open letter published on Wednesday, the founder and owner of chemicals giant Ineos launched an excoriating assessment of the EU’s approach to the chemicals sector, [...]
Former Manchester United CEO to help grow Teneo’s sport business January 9, 2025 Former Manchester United chief executive Richard Arnold has joined Teneo, the global consultancy has confirmed. Arnold, 57, has been named non-executive chairman of Teneo’s Financial Advisory Sports Practice and will work across the company’s sports, media and entertainment clients, who include World Rugby, Castore and the Ambani family’s Reliance Industries. “As we continue to build [...]
Mark Kleinman: Ratcliffe’s cost-cutting results in Manchester Disunited January 9, 2025 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly Morning Wire column. This week, he tackles Ratcliffe’s own goal, Shawbrook setting the tone and a FTSE 100 Doomsday clash over pay Ratcliffe’s cost-cutting results in Manchester Disunited Sir Jim Ratcliffe might not like to admit it, but 2024 [...]
Ineos and Ratcliffe wait for more sporting success goes on after America’s Cup loss October 20, 2024 In late August Morning Wire asked whether Ben Ainslie and Ineos Britannia could bring the America’s Cup home for the first time in British sailing history. On Saturday we got our answer. No. Emirates Team New Zealand retained the America’s Cup by 7-2 and became the first team to win the Auld Mug on three [...]
Sailing’s coming home? Behind the scenes at Ineos Britannia’s bid for America’s Cup August 28, 2024 Talking to a cyclor called Shrek wasn’t top of the to-do list when Morning Wire was given access to the Ineos Britannia base in Barcelona ahead of the 37th America’s Cup. The iconic sailing contest, which starts in earnest on Thursday, dates back to 1851 when it was hosted in Britain, won by our friends [...]
Ben Ainslie on America’s Cup, Sir Jim Ratcliffe and backing Ineos Britannia August 8, 2024 Ineos Britannia is a boat designed to do something Great Britain has never done before: win the America’s Cup. It is the oldest international sporting trophy in the world and is very, very expensive to win – an America’s Cup boat can cost upwards of $10m. Ineos owner Sir Jim Ratcliffe has put his considerable [...]