World
Man United‘s Largest Institutional Shareholder Is Ariel—Again
Manchester United kicks off the Premier League season on Friday with a match against Fulham at Old Trafford. The Red Devils will take the field with a new front-of-jersey sponsor in Snapdragon, and a new largest institutional shareholder of its publicly traded stock.
A Monday SEC filing revealed Chicago-based Ariel Investments bought 3 million Man United shares since the end of March. It raised its stake to 8.3 million shares, or 15% of the outstanding total, up from 10%. Lindsell Train was the previous largest institutional holder at 7.1 million shares, or 13.5% of the total. Lindsell cut its stake by 7.6% during the quarter.
“Manchester United is a terrific franchise,” John Miller, portfolio manager at Ariel Investments, said in a May video interview with Sportico. “We know they have had difficulties lately, and this is the time where you really want to buy into it.”
Ariel first invested in Man United in 2021 when it purchased 6.6 million shares during the third quarter and added another 4.35 million over the following three months when it became Man United’s largest institutional shareholder. Ariel’s holding peaked at 12.3 million as of March 2022. It paid between $12 and $14 for most of its stake.
The firm sold nearly 3 million shares, or 26% of its then stake during the fourth quarter of 2022, as the stock spiked after the Glazer family, which controls the team via a class of supervoting shares, hired The Raine Group to explore “all strategic alternatives” for the 20-time English champions. Shares topped $23 in December.
Ariel continued to pare its United position before the club’s sale process concluded in February with Jim Ratcliffe paying £1.3 billion ($1.6 billion at the time) for 25% of the team. Ratcliffe paid $33 for 25% of the publicly traded shares.
“You know what the value is based on Ratcliffe’s purchase price,” Miller said. “Sports teams make long-term investments that will pay off in the long run, and that is what we are seeing with Manchester United.”
Manchester United shares on the New York Stock Exchange opened Monday at $16.81.
The club ranked first in Sportico’s annual list of the most valuable soccer teams at $6.2 billion and is looking to improve its on-field performance after it finished eighth last season, its worst showing since the launch of the Premier League in 1992.
World
FAA grounds all JetBlue flights after request from airline
NEW YORK (AP) — The Federal Aviation Administration has grounded all JetBlue flights due to a request from the airline, the agency said Tuesday.
The ground stop impacts flights to all destinations, according to the advisory.
It was not immediately clear why JetBlue requested the ground stop or how long it would last.
The airline and the FAA didn’t immediately respond to emails from The Associated Press requesting more information.
The airline, which was founded more than 25 years ago, has its headquarters in New York City and its flagship terminal at the city’s John F. Kennedy International Airport.
World
Trump says it’s an ‘honor’ to keep Strait of Hormuz open for China and other countries
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President Donald Trump said he wants to keep the Strait of Hormuz open, saying it would be an “honor” to do so in an effort to help other nations that rely on the vital Middle East waterway.
Trump was speaking with reporters in Florida on Monday, when he was asked about the global energy choke point, which has been disrupted amid back-and-forth attacks between Iran and Israel and the United States.
IRAN SEIZES OIL TANKERS, THREATENS ‘MASSACRE’ IN STRAIT OF HORMUZ HOURS BEFORE US TALKS
People mourn slain Iranian Supreme Leader Ayatollah Ali Khamenei, Thursday, in Isfahan, Iran. (Payman Shahsanaei/ISNA via AP)
At about 21 miles wide at its narrowest point, the Strait of Hormuz is between Iran and Oman and carries roughly 20 million barrels a day and about one-fifth of global liquefied natural gas, making it a top-value target when conflict in the region erupts.
“We’re really helping China here and other countries because they get a lot of their energy from the Straits,” Trump said. “We have a good relationship with China. It’s my honor to do it.”
US POSITIONS AIRCRAFT CARRIERS, STRIKE PLATFORMS ACROSS MIDDLE EAST AS IRAN TALKS SHIFT TO OMAN
A screenshot of a marine traffic terminal showing vessels in the Strait of Hormuz on March 4. (Kpler/Marine Traffic)
Trump is slated to meet with Chinese leader Xi Jinping later this month. While touting the United States’ new energy partnership with Venezuela, Trump noted that China gets its oil through the strait.
“I mean, we’re doing this for the other parts of the world, including countries like China,” he said. “They get a lot of their oil through the straits.”
“We have a very good relationship with President XI (Jinping) and China,” he added. “I’m going there in a short period of time, and we’re protecting the world from what these lunatics are trying to do, and very successfully I might add.”
President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on Oct. 30, 2025, in Busan, South Korea. Trump said he wants to keep the Strait of Hormuz open in the Middle East for countries, including China. ( Andrew Harnik/Getty Images)
The U.S. will also waive all oil-related sanctions on some countries in an effort to reduce energy prices amid the conflict in the Middle East, Trump said.
The Islamic Revolutionary Guard Corps took to Iranian State TV vowing it would “not allow [the] export of a single liter of oil.”
Later, Trump reaffirmed his position on the strait in a fiery Truth Social post.
“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far. Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!,” he wrote.
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“This is a gift from the United States of America to China, and all of those Nations that heavily use the Hormuz Strait. Hopefully, it is a gesture that will be greatly appreciated. Thank you for your attention to this matter!”
World
NATO intercepts another Iranian missile in Turkish airspace
Published on •Updated
NATO forces have intercepted an Iranian missile heading to Türkiye for the second time in less than a week, as US-Israeli strikes on Iran throw the wider Middle East into conflict.
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Last Wednesday, Türkiye’s Ministry of Defence said it intercepted an Iranian ballistic missile headed toward Turkish airspace close to the Syria border.
Confirming the incident, NATO spokesperson Allison Hart said “NATO stands firm in its readiness to defend all Allies against any threat”.
According to NATO sources, there is as yet no indication Türkiye is triggering formal proceedings within the alliance to initiate action against Iran.
However, the Turkish government summoned Iran’s ambassador to Ankara for a formal rebuke over the incident.
The US has a military presence at the Incirlik airbase in the south of the country.
“NATO has been clear it has strong interception capabilities”, Colonel Martin O’Donnell, spokesperson for the Supreme Headquarters Allied Powers Europe, told Euronews, saying that while Iran is “targeting the US footprint in various countries” it is also attacking public spaces “indiscriminately”.
While NATO has increased its security posture to a heightened level until the threat subsides, O’Donnell reiterated NATO’s position that it is not a party to the conflict, despite the fact the conflict is being prosecuted by the US, the alliance’s most powerful member by far.
“The Secretary General has been clear that NATO is not part of this war, but NATO will defend itself”, he said, speaking to Euronews from NATO HQ in Brussels on Monday.
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