Friday, July 29, 2005

Man Utd Ready to spend Big Money

Manchester United chief executive David Gill has hinted that the club are ready to spend big money again if the right player comes along.
Chelsea and Liverpool have been splashing the cash this summer, United have kept their powder dry other than the £7million spent on landing Edwin Van der Sar and Park Ji-Sung.
United left it until the last minute last season before splashing out a whopping £29 million on Wayne Rooney and Gill has hinted the club could be ready to so the same this time around.
He told the Manchester Evening News: "Just because you are not spending money doesn't mean you haven't got that money to spend, but there is no point in spending money just for the sake of it.
"You don't want to spend money just because your competition is spending money. You spend it because you think it will improve your team.
Gill also said that manager Sir Alex Ferguson is happy with his squad, but added "Rooney happened right at the end last year, so who is to say what will happen over the course of August?
"Someone might become available that we might look at."

Thursday, July 28, 2005

Ferrari SOLD ?????...

Mediobanca has sold 5% of the Ferrari auto maker to Abu Dhabi government subsidiary, Mubadala Development.
The deal will see Mubadala Development pay €114 million to purchase the 5% stake in the Italian company.
FIAT and Ferrari President Luca di Montezemolo, was pleased about the new deal and looks forward to a strong and prosperous relationship:
"This is the first time that we, Fiat, have welcomed a non-financial institution to become a Ferrari shareholder. The key benefit of extending our shareholder base beyond traditional financial institutions will be a new opportunity for our development.
Moreover, the strategic alliance with Mubadala, and therefore the Government of Abu Dhabi, is set to bring us compelling and dynamic new strategies especially in the Middle East and North African markets. Our initial areas for consideration will range from the creation and development of road and racing car testing initiatives, along with professional driving schools through to the leveraging of opportunities around brand experiences and merchandising."
His Highness Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Department of Planning & Economy was also certainly pleased by the move and believes:
"This is a sound financial and strategic investment on numerous levels. It continues our track record of being involved with premier global companies and brands who are the leaders in their fields."
FIAT has been searching for some time for a buyer of some or all of Ferrari. While Mubadala will become a very small shareholder, two possible individuals may take over all together.
Bernard (Bernie) Charles Ecclestone is one of these possible buyers, although his involvement with the team would not only be unpopular, but unproductive. Bernie, as we know is all about the marketing and even more so, the money in Formula 1. Therefore, as a Tifosi, I for one do not want him at the head of my racing team.
The other individual linked with a purchase of Ferrari is Red Bull co-founder, Dietrich Mateschitz. Mateschitz has been involved in Formula 1 since 1994, and recently bought the Jaguar team from Ford. Now, rumours (realistic ones mind you) suggest that Mateschitz wants to become even more involved with Formula 1 by purchasing the sport's most illustrious team. Unlike Ecclestone, Mateschitz would seem to be a much better choice to purchase Ferrari.
While all of this news is important for the team's continued involvement in Formula 1, Tifosi can only hope that it will indeed continue.

Wednesday, July 27, 2005

RONALDO Expected to Sign New Contract

Manchester United manager Sir Alex Ferguson expects Cristiano Ronaldo to sign a new contract on Thursday that will keep him at Old Trafford for another five years.
The 20-year-old has been linked with moves to Real Madrid and Barcelona this summer but Ferguson has been quick to end speculation over the winger's future.
CRISTIANO RONALDO "Chief executive David Gill will sign the agreement with Cristiano which will extend his deal until 2010," Ferguson told the Correio da Manha newspaper.
"The numbers have been agreed for a while, we just need his signature."
The Portugal international, who moved to United from Sporting Lisbon for £12million in August 2003, has made 62 Premiership appearances for the club, scoring nine goals.
Meanwhile, Brazilian midfielder Kleberson could be heading to Benfica. The Portuguese champions are rumoured to be interested in the 26-year-old who has endured an indifferent two seasons at Old Trafford.
He said: "I just want to get over the injury problems I had last season. I have a contract with Manchester United and that's all I know.
"But Benfica are a big club. They are the Portuguese champions and they are in the Champions League.
"If I had to leave United they would be a good option for me. I just want to play first-team football."

BALLACK Signing Hopes Failure

Manchester United's hopes of signing Michael Ballack look doomed to failure as the Germany skipper is set to open new contract talks with Bayern Munich.
Ballack was linked with an Old Trafford switch after he said in an interview that his game could improve if he was to play in another country and that he was considering his future at the German giants.
MICHAEL BALLACK Bayern boss Uli Hoeness believes that was just an opening gambit by the player as he prepares to hold contract talks with the club.
"Michael knows that his next contract is the most important one of his career," Hoeness told Bild am Sonntag.
"He is trying to get himself into a good position for negotiations with us and that is a legitimate move.
"I assume that Michael and his family feel very much at home in Munich.
"He is part of an intact team with a lot of potential. He gets the respect that he feels he deserves and as far as the financial side of things are concerned, he certainly won't end up on the streets if he stays here."

Monday, July 25, 2005

This site is for all u Manchester Utd n Ferrari Fans.

Bout me.. Am a bigtime ManUtd & Ferrari F1 team fan and RED is obviously my colour. These r 2 sports power houses who have been dominating in their fields.

Born on the 16th of September am an engineering student in India aspiring to work with Ferrari.

N i am a big fan of friends too. Which is something i never get tired of watching.

This is me