The decision comes as the petrochemical group has been reshaping its sports portfolio in recent months
Premier League club says its ambitious plans for ground to replace Old Trafford will kick off area’s regeneration
Plus, the Business of Formula 1 season preview
Norman Foster’s redesign of Old Trafford brings to the fore a long-standing uneasiness about the monetisation of football
Mayor makes case for state support for development plans around Manchester United’s new stadium
New ground expected to cost at least ￡2bn and be ‘centrepiece’ of regeneration of surrounding area
A decade of accumulated sporting failure is now hitting the club’s bottom line
Football club could also lay off as many as 200 people in latest round of spending cuts
Team records net loss of ￡27.7mn in the second quarter as broadcast revenue declines
Also in this week’s newsletter, a new chess championship and a fresh crisis for French football
Plus, Brazilian football investment
Project to upgrade stadium or build new 100,000-seater promises to boost economic growth across region
Capital injection completes billionaire’s pledge to invest $300mn into English football club
Portuguese manager has won two titles with Sporting Lisbon but has never led a club outside his home country
Dutchman leaves club despite winning two domestic trophies as the team languishes in the lower half of the Premier League
Higher spending on players and wages has not yet translated into better results for football club
The Damned United author’s compelling fictionalisation of the plane crash that killed eight players succeeds as an elegy for society’s lost innocence
New billionaire owner has embarked on sweeping changes in an effort to restore club’s fortunes
Three-part Amazon series transports fans back to the team’s glory days
Patrick Stewart and Cliff Baty leaving ‘by mutual consent’ prior to arrival of Omar Berrada from rivals Manchester City
New investor warns that transforming the club will take time and upgrading Old Trafford will cost ￡1bn
His business record indicates he is willing to commit large sums of capital to produce long-term returns
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
Omar Berrada faces the daunting task of restoring the 20-times English champions to its former glory
Plus, Nadal signs up with Saudi Arabia’s push into tennis
