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  • Today's business and finance round up 9th May 2022

Today's business and finance round up 9th May 2022

New owners agreed for Chelsea

May 09, 2022

9th May 2022

Bite-sized business news from the UK and beyond

Good morning WhatsApp users across the globe are being treated to a raft of new features. The messaging app announced a blockbuster new release which includes being able to create emoji reactions, send much larger files and – for the very popular – create groups of over 500 people.

Today's stories

  • New owners agreed for Chelsea

  • Morrisons and Asda-owner compete for McColl’s supermarket

FOOTBALLNew owners agreed for Chelsea

  • A group of investors led by Sir Martin Broughton, the former chairman of Liverpool FC and sports stars Lewis Hamilton and Serena Williams.

  • Consortium of ex-players, including John Terry, as well as British entrepreneurs and fans.

  • British billionaire and owner of chemical company Ineos, Jim Ratcliffe, who probably didn’t help his case by submitting his bid weeks after the deadline.

  • £2.5bn for the shares will go towards charitable causes.

  • £1.75bn in further investment in Chelsea’s stadium and training academy.

  • Barring them from paying dividends or management fees until 2032

  • Prohibiting sale of any shares in the club for 10 years

  • Agreeing to strict limits on the level of debt taken on

Other stories to keep you in the loop

  • House prices hit new record but growth set to slow

  • British Airways cuts flights as it struggles to rehire after axing 10,000 staff

  • EasyJet to tackle staff shortages by removing seats from planes

  • US job creation beats forecasts despite headwinds

  • Peloton reportedly looks to sell up to a 20% stake amid struggles

RETAILMorrisons and Asda-owner compete for McColl’s supermarket

Stat of the day

A recent survey found the average Brit is sitting on £2,500 of unused household items

Interesting links from around the web

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