an enterprise value of more than $

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an enterprise value of more than $

Messaggioda lw789 » 24/01/2018, 4:00

MANCHESTER, England -- David Moyes is set to pay the price for Manchester Uniteds spectacular and sudden decline by being fired as manager of the deposed English champions, with his departure potentially being sealed on Tuesday. United stayed silent Monday, refusing officially to guarantee Moyes future at Old Trafford amid widespread reports in online stories by British newspapers that his 11-month tenure was about to end after losing the support of the board. It appears Moyes position has become untenable since Sunday, when United lost 2-0 to Everton in the Premier League to ensure Englands biggest club over the last two decades will miss out on Champions League qualification for the first time in 19 years. It also left United seventh in the league, a season after winning its 20th championship by 11 points, and on course for its lowest league finish since 1990. Even being the so-called "Chosen One" -- a nickname given to Moyes after he was hand-picked for the position by predecessor Alex Ferguson -- is unlikely to save the 50-year-old Scot, who signed a six-year deal at a club famed for preaching the values of stability. Leading British bookmakers have all slashed their odds on Moyes being removed and many of Tuesdays newspapers are reporting Ryan Giggs, a club great who is on the coaching staff at United, could take temporary charge until the end of the season. "Theyre going to have to clarify this position quickly," said former United defender Gary Neville, who described the clubs handling of the situation as "repulsive." "The average manager gets sacked every 12 months and Ive always felt Manchester United should be different, hold themselves up as a club that basically stands against whats happening in the game." Nevilles brother, Gary, is a member of Moyes coaching team. Moyes has been unable to continue the success of Ferguson, who ended his 27-year reign at the end of last season after winning the league for his 38th major trophy as United manager. Moyes guided United to the quarterfinals of the Champions League, losing to Bayern Munich, but the teams domestic form has been woeful by its high standards. United is 23 points behind current leader Liverpool, 13 adrift of the Champions League places, and has slumped to a string of humiliating losses including to fierce rivals Liverpool and Manchester City at home. United has been defeated a club-record 11 times in the league and 10 times in 22 matches in all competitions in 2014. The deposed champions appear ready to spend considerable sums over the summer to strengthen its squad but their American owners, the Glazer family, may not be willing to trust Moyes to oversee such heavy spending. He was indecisive in the transfer window in the last off-season, bringing in only Marouane Fellaini from former club Everton for 27.5 million pounds ($43 million), and the Belgium midfielder has been a disappointment. United broke its club record transfer fee to sign Juan Mata for 37.1 million pounds ($61.2 million) in January but Moyes has been unable to regularly play the Spain playmaker in his best position. Dutch coach Louis van Gaal and Borussia Dortmund coach Juergen Klopp have been linked with any possible vacancy. With fan backing appearing to ebb away, Moyes said after the loss to Everton that United was "on track" in its transition period post-Ferguson. "We are rebuilding," he said, "we have got things we want to do. "The supporters have been incredibly behind the team and supported the team throughout. They realize it has been a difficult season ... They understand it has not been good, I recognize it has not been good, it needs to be better." Joe Williams Jersey . 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Osasunas Alvaro Cejudo drove the ball onto the crossbar in the fifth minute and his team squandered several long-range strikes before he was denied one-on-one by goalkeeper Jaime Jimenez in the 50th.LONDON -- Two days after Sebastian Vettel won his fourth Formula One title, the spotlight shifted to Londons High Court and the latest case that leaves the motorsports series boss Bernie Ecclestones future in doubt. The longtime commercial head of F1 is already under investigation in Germany over an alleged payment of $44 million relating to the sale of the racing series in 2006. A German court wont say until next year whether the 83-year-old Ecclestone will stand trial on charges of bribery and incitement to breach of trust. German banker Gerhard Gribkowsky has already been jailed for taking the payment from Ecclestone. Gribkowsky was in charge of selling the bank BayernLBs stake in F1 to investment group CVC Capital Partners. Now at the London trial that began on Tuesday, former F1 shareholder, German media company Constantin Medien, is suing Ecclestone and three other defendants for up to $144 million, claiming F1 was undervalued at the time of the sale. Ecclestone -- estimated by Forbes magazine to be worth $3.8 billion -- was not at the High Court but is expected to give evidence next week. Philip Marshall, representing Constantin Medien, accused Ecclestone of making a "corrupt bargain" with Gribkowsky "to facilitate a sale of the Formula One Group by a purchaser chosen by Mr. Ecclestone in return for remuneration (for Gribkowsky) and a position (for Ecclestone) relating to Formula One going forward." To that end, Constantin Medien is claiming it lost out due to the deal negotiated by Gribkowsky. Gribkowsky is a defendant in the case along with Ecclestones lawyer, Stephen Mullens, and the Ecclestone family trust, Bambino Holdings. Ecclestone and Bambino benefited by more than $1 billion from the sale of the 47 per cent stake, according tto Marshall, figures that gave F1 an enterprise value of more than $3 billion in "stark contrast" to the actual value of "just in excess" of $2 billion at the time of the sale.dddddddddddd "We see this transaction as being significantly weighted for the benefit of Mr. Ecclestone and Bambino, and significantly to the detriment of BayernLB," Marshall said. Ecclestone is accused of paying Gribkowsky $44 million from 2006 to 2007. "A variety of means were used to conceal the fact the payments were made," Marshall said. Marshall said the judge would have to decide whether the payments were corrupt and if they resulted in the stake being sold at a "significant undervalue." Robert Miles, the lawyer representing Ecclestone, said Constantin Mediens claim "lacks any merit." "This is an artificial, manufactured, complaint," Miles said, insisting there was "no conspiracy" and Constantin "suffered no loss." Miles said in 2006 it had been arranged that Gribkowsky would be given a "consultancy package" and Ecclestone received "tax threats". Ecclestone built his powerbase in F1 from the 1970s and helped to create the Formula One Constructors Association that controlled the business side of the series, including selling the TV rights. The British-based company later became known as Formula One Management. It has fought regular tussles with the teams over finances, but has retained control of the global motor racing extravaganza. CVC, having amassed a 63 per cent stake of F1, has reduced its holding as other investors have come on board in recent years, although a planned flotation has stalled. Ecclestones holding has been diluted to about 5 per cent. 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