Sir Alex Ferguson will be offered a beefed-up role at Old Trafford by Malcolm Glazer as part of the American tycoon’s attempt to reverse fans’ hostile reaction to his takeover plans. Glazer and his advisers are understood to have been shocked by the level of opposition from groups such as Shareholders United to their ambition to buy Manchester United.
Oil prices could still rise sharply in the coming months, two large investment banks have warned. Credit Suisse First Boston (CSFB) said oil could spike at to a barrel in the next year, while Deutsche Bank said this year is set to be the sixth successive one in which analysts have underestimated the strength of crude oil prices.
The United States dollar is a flawed currency and will collapse in value before the end of the decade, taking with it the prosperity of the American nation. Investors should be buying commodities — platinum, lead, wheat, sugar, oil — assets that haven’t been fashionable for a quarter of a century or more. So says Jim Rogers, Wall Street legend.
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/ 10 October 2003
Old Trafford is in the business of drama but the quality prized most in the boardroom is control of the script. This week, a terrifying thought will have entered the minds of the directors: could the battle for control of Manchester United be driven, at least in part, by a quarrel over a racehorse?