The owner of the Trafford Centre in Manchester, intu, has confirmed that it has fallen into administration.
Last-gasp discussions to save the firm failed on Friday 26 June.
The shopping centre operator had been communicating with key stakeholders to try and keep its venues, but warned administrators KPMG to make contingency plans in the event that crunch talks fell through.
Now, reports are surfacing that a deal could not be struck.
Shopping centre owner intu has confirmed it has collapsed into administration after failed talks with lenders
According to the BBC, intu’s centres will stay open under administrators KPMG.
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intu currently employs around 3,000 staff, with roughly 100,000 working in stores run by its tenants. 30,000 additional team members are also involved in the firm’s wider supply chain.
intu originally bought the Trafford Centre back in 2011 as part of a £1.65bn deal.
News
Man charged after stealing Christmas dinner ingredients in burglary spree
Daisy Jackson
A man has been charged for a series of burglaries in Wigan – one of which saw him nick the ingredients for a Christmas dinner.
Gary Marsh of Heath Street in Golborne had reportedly taken a number of festive food items from a freezer at an address.
In the burglary on 7 December, the 38-year-old took items including a frozen turkey, two packs of pigs in blankets and a handful of Christmas appetisers.
Mr Walsh also made off with a pack of prawns, spring rolls and chicken satay skewers.
Police have said he has been charged for stealing ‘a Christmas dinner worth of goods’.
He’s been charged with six counts of burglary and one vehicle interference and will appear at Manchester Magistrates Court today.
Man charged after stealing Christmas dinner ingredients in burglary spree. Credit: Wikimedia Commons
GMP said in a statement today: “One frozen turkey, two packs of pigs in blankets and a handful of Christmas appetisers.
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“Gary Marsh 16/05/1986 of Heath Street, Golborne, in Wigan, was charged on Wednesday 18 December with six counts of burglary and one vehicle interference.
“On 7 December 2024, the following items were reportedly taken from the freezer in the basement of an address: a frozen turkey, two packs of pigs in blankets, a pack of prawns, spring rolls and chicken satay skewers.”
Sir Jim Ratcliffe has increased his stake in Manchester United
Danny Jones
Sir Jim Ratcliffe has increased his investment in Manchester United Football Club, taking his current stake from 27.7% to 28.94%.
The Failsworth-born billionaire officially became a minority shareholder in Man United earlier this year, bringing in the Sports arm of his INEOS petrochemical company and plenty of new personnel with him following an initial £1.25 billion acquisition which saw him buy over a quarter of the club.
While his tenure at Old Trafford has been a somewhat turbulent affair so far – having pleased most fans by taking at least some control away from the family but making a number of less-than-popular decisions of late – he is, at the very least, putting lots of money where his mouth is.
Sir Jim Ratcliffe has injected a further $100m into Manchester United and now owns 28.94% of the club. This completes a planned $300m investment pledged at the time of purchase. $200m was paid back then out of Ratcliffe’s personal funds.
As per multiple outlets, the 72-year-old has pumped a further of approximately £79.3m into Man United to increase his overall stake just before the end of the year.
This latest figure payment was actually promised as part of his initial partial takeover which was completed back in February, with a filing listed by the Securities and Exchange Commission (SEC) confirming the final payment this week, with Ratcliffe receiving additional shares in return.
It also detailed that the ownership of the shares has transferred from Ratcliffe personally to the INEOS Group as a whole, who also have stakes in French football club OGC Nice, the INEOS Grenaiders cycling team (formerly Team Sky), as well as Formula 1, sailing, rugby and more.
Although supporters will be pleased to hear that Ratcliffe is committed to investing in the club, Keegan’s article details that the money itself won’t be strictly put towards any potential signings in the upcoming transfer window.
Similarly, Press Associates (PA) understand that the funds will be put towards infrastructure rather than player recruitment, as it is also expected that some squad members could be offloaded this January.
Could Man United’s homegrown number 10 really be on his way out after nearly two decades in red?
News of Ratcliffe increasing his United stake won’t do much for many of his early detractors, however, as the Greater Manchester local has been accused of ‘forgetting his roots’ and ‘betraying the working class’ with some recent internal steps.
Most recently, Sir Jim and his newly rebuilt executive board received immense backlash for increasing ticket prices for remaining games this season to a whopping £66 across the board, with no concessions made for young, old or disabled fans.
With sporting director Dan Ashworth having been dismissed after just five months – a man who spent just as much time on gardening leave at his former club as he did in his actual role at United – it’s fair to say Ratcliffe and co. could have been more economical.
The Manc -
26th June 2020 
