Manchester United Boss Ten Hag Calls for More Investment 

Manchester United's Dutch manager Erik ten Hag speaks to his players at the end of the English Premier League football match between Manchester United and Fulham at Old Trafford in Manchester, northwest England, on May 28, 2023. (AFP)
Manchester United's Dutch manager Erik ten Hag speaks to his players at the end of the English Premier League football match between Manchester United and Fulham at Old Trafford in Manchester, northwest England, on May 28, 2023. (AFP)
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Manchester United Boss Ten Hag Calls for More Investment 

Manchester United's Dutch manager Erik ten Hag speaks to his players at the end of the English Premier League football match between Manchester United and Fulham at Old Trafford in Manchester, northwest England, on May 28, 2023. (AFP)
Manchester United's Dutch manager Erik ten Hag speaks to his players at the end of the English Premier League football match between Manchester United and Fulham at Old Trafford in Manchester, northwest England, on May 28, 2023. (AFP)

Manchester United manager Erik ten Hag has called for more investment in the club so they can challenge for trophies after the team finished third in the Premier League this season.

United sealed the third place, finishing the season with 75 points, after they came from behind to defeat Fulham 2-1 in the last game of the league season on Sunday.

The Old Trafford club, which won the League Cup in February, has the chance to add to their silverware when they face Manchester City in the FA Cup final on Saturday.

"We are in the right direction, but we are not where we have to be, there's still a long way to go, there's potential in this team and individual players," Ten Hag told reporters on Sunday.

"We showed during the season we made progress, that's a compliment to the players and the coaches, we worked really hard, but we have to make an investment.

"The club knows if you want to play top four, compete for trophies in this tough league then you have to invest otherwise you don't have a chance because other clubs will do."

United last won the league title in 2012-13 under Alex Ferguson.



Soccer-AC Milan Owner Denies Report it is Looking for New Investors

AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
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Soccer-AC Milan Owner Denies Report it is Looking for New Investors

AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)

US investment firm RedBird Capital on Friday denied a report by Italian newspaper La Repubblica saying it was looking to sell a stake in AC Milan, the Italian soccer club it has owned since 2022.

"The reporting by La Repubblica about selling a stake in AC Milan is a complete fabrication. It is wholly untrue," a spokesperson for RedBird said.

RedBird took over the club from US fund Elliott in a 1.2 billion euro ($1.32 billion) buyout, according to Reuters.

La Repubblica said it was partly financed through a vendor loan from Elliott worth 560 million euros due next year, plus RedBird's own investment of 681 million euros.

RedBird was now looking to "rebalance its portfolio" by selling "up to 150 million euros of the initial invested capital of 681 million" at base cost, the newspaper added.

It cited a document for potential new investors prepared by US investment firm Washington Harbour on behalf of RedBird, adding that the file "has been circulating in international financial circles since May".

In an earlier statement which stopped short of a full denial, a RedBird spokesperson had told Reuters that Gerry Cardinale, the founder and managing partner of the fund, "does not know Washington Harbour and the document cited by the newspaper is not attributable to him".

Washington Harbour did not reply to a Reuters request seeking comment over the press report.