financetom
Business
financetom
/
Business
/
Soccer-Amorim set to be new Man Utd boss as Sporting confirm interest
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Soccer-Amorim set to be new Man Utd boss as Sporting confirm interest
Nov 3, 2024 2:04 PM

Oct 29 (Reuters) -

Ruben Amorim is set to become the next manager of Manchester United ( MANU ) with the Premier League club prepared to pay Sporting the 10 million euros ($10.79 million) release clause, the Portuguese club said on Tuesday.

The news comes a day after the team sacked Erik ten Hag with United languishing in 14th place in the Premier League standings. The Portuguese coach could be in place for Sunday's league game against Leicester City at Old Trafford.

"Manchester United FC expressed interest in hiring coach Ruben Amorim, with Sporting's board of directors referring to the terms and conditions set out in the employment contract in force between the company and the coach, specifically the respective termination clause and for the amount of Euro 10,000,000," a statement from the Lisbon-based club said.

The 39-year-old Amorim, who emerged as a front-runner soon after Ten Hag's sacking, led Sporting to the Primeira Liga title in 2021, ending a 19-year league title drought, before winning a second last season.

Portuguese media reported his final game with Sporting would be on Tuesday evening against Nacional.

Amorim had been heavily linked with replacing Juergen Klopp at Liverpool last season with the club choosing to hire Arne Slot instead. He also held talks with West Ham United to replace David Moyes before opting to remain in Lisbon.

His appearance in London for talks with West Ham, just ahead of Sporting's clash with rivals Porto, did not go down well with Sporting fans. He subsequently apologised for his actions.

($1 = 0.9266 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cassava Sciences Alzheimer's Drug Fails To Hit Primary Goal In Pivotal Study, Pharma Halts Late-Stage Studies
Cassava Sciences Alzheimer's Drug Fails To Hit Primary Goal In Pivotal Study, Pharma Halts Late-Stage Studies
Nov 25, 2024
Cassava Sciences Inc. stock plunged Monday after the company released topline data from the Phase 3 ReThink-ALZ study of simufilam in mild-to-moderate Alzheimer’s disease. The trial did not meet the pre-specified co-primary, secondary, and exploratory biomarker endpoints. In July, CEO Rick Barry wrote a letter to shareholders and employees, saying that the company is in the final stages of testing simufilam...
MicroStrategy Provides Update on Bitcoin Holdings
MicroStrategy Provides Update on Bitcoin Holdings
Nov 25, 2024
09:21 AM EST, 11/25/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said Monday that it purchased 55,500 bitcoins for $5.4 billion in cash, at an average price of $97,862 per bitcoin between Nov. 18 and Nov. 24. As of Nov. 24, MicroStrategy ( MSTR ) owned 386,700 bitcoins, with a total purchase price of $21.9 billion and an average price...
KULR Gets US Navy Contract to Develop Technology for Battery Safety
KULR Gets US Navy Contract to Develop Technology for Battery Safety
Nov 25, 2024
09:28 AM EST, 11/25/2024 (MT Newswires) -- KULR Technology ( KULR ) said Monday it has been awarded a contract by the US Navy to develop high-temperature internal short circuit cells for improved battery safety in critical applications. The project will support a wide range of uses, particularly in the aviation sector, by allowing the simulation of extreme conditions to...
Natixis and Generali in early talks for asset management tie-up, FT reports
Natixis and Generali in early talks for asset management tie-up, FT reports
Nov 25, 2024
Nov 25 (Reuters) - France's Natixis Investment Managers is holding early-stage talks with Italian insurer Generali about a potential tie-up, the Financial Times reported on Monday. The firms have not yet agreed to terms of a deal, and it remains uncertain whether the talks will lead to an agreement, the report added, citing sources. A spokesperson for BPCE, the parent...
Copyright 2023-2025 - www.financetom.com All Rights Reserved