- Congressman: McAuliffe victory means gun control a winning message
- Clinton aide admits soliciting disgraced D.C. fundraiser; says actions were legal
- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror recruiter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
David Gill, Manchester United executive, to step down
LONDON — Manchester United chief executive David Gill said Wednesday he will step down in June after a decade running one of the world’s most valuable teams.
Ferguson has been manager since 1986 and his tenure has delivered unprecedented success for the club, which currently leads the English Premier League by 12 points. He hasn’t said when he intends to retire.
“I am looking forward to continuing my involvement on the club board,” Gill said. “And I hope to be able to make a contribution to the game on a wider national and European level.”
Following six years as finance director, Gill became chief executive in 2003.
The buyout by the Glazers angered some fan groups because of the debt that was incurred by the club. But those liabilities have been cut in half in the past three years to 366.6 million pounds ($567 million), partly from the proceeds of last August’s initial public offering on the New York Stock Exchange.
Forbes last month said United’s enterprise value, which subtracts debt from equity value, has risen to $3.3 billion, the highest for any sports team in the world.
Last week, United forecast revenue of 350-360 million pounds ($535-550 million) for 2012-13.
An America drowning in red ink is the land of the free no more
- David Jolly wins in Florida, GOP keeps swing district seat
- House Democrats trying to force unemployment insurance vote
- Kim Jong-un calls for execution of 33 Christians
- Redskins bypass big splash - for now - as free agency period begins
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- FCC targets black conservative in TV station fight
- Hillary Clinton campaign received funds from Jeffrey Thompson
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- Senate Democrats, Republicans spar over restoring unemployment benefits
- Sharyl Attkisson resigns from CBS after months of talks
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again