London (CNN) – Here's a question for football fans - if your team was given a $100 million cash injection this summer, what would you like to see it spent on? New players? Contract extensions? Stadium improvements?
If you're a Manchester United fan, the good news is that your team is planning to get that $100 million in cash. The bad news is, all the money's going straight to servicing one of the biggest debt piles in sports.
The team revealed its plans for a $100 million public offering on the New York Stock Exchange Tuesday night, crushing hopes in Asia that the world's most popular football club would choose to float in Singapore. In filing with the SEC, however, the club also showed just how difficult it will be to keep up with its noisy neighbors (and reigning English champions) Manchester City, bankrolled by Sheikh Mansour's bottomless pockets.
London (CNN) – Magic Johnson is back in LA, with a new sport to conquer.
The former LA Lakers legend - together with a group of investors calling themselves Guggenheim Baseball Management - has moved into Major League Baseball, spending $2 billion to buy the bankrupt Los Angeles Dodgers.
Magic's men won out over a list of suitors that read like some kind of financial fantasy baseball lineup. There were sports investors like Dallas Mavericks owner Mark Cuban and St. Louis Rams owner Stan Kroenke. America's 35th richest man, hedge fund manager Steven Cohen, was a frontrunner. Former team manager Joe Torre was interested. Even Walt Disney's family sniffed around.
The successful $2 billion offer – the most expensive purchase of an American sports franchise in history – was a far higher price than expected.
London (CNN) – It’s official - Davos does not have the moves to attract Jagger.
The Rolling Stone frontman was supposed to be one of the more unusual guests at this year’s World Economic Forum, attending a tea party thrown by British Prime Minister David Cameron. But unfortunately for Cameron, you can’t always get what you want.
In a statement released Monday, Jagger said he was pulling out of the event, over fears he will be used as a "political football." Sir Mick – a knight of the realm - said he was worried about people making inaccurate judgements over his political allegiances and, as a result, was declining his invitation.
London (CNN) – FIFA isn’t doing this for the fans, and I don’t think it’s doing it for football either.
FIFA receives tens of millions of dollars from Anheuser-Busch InBev - the giant brewing company which makes Budweiser - in World Cup sponsorship.
In South Africa in 2010, Budweiser was the only beer for sale in World Cup stadiums. Not surprising then that it outsold every other beverage on offer - sports drinks, soft drinks and bottled water combined.
London (CNN) – Denver Broncos quarterback Tim Tebow faces the game of his life on Saturday. His Broncos play the New England Patriots to decide who reaches the AFC championship game. But for Tebow himself, it's the game that will decide if he can be sold as America's next sporting icon.
On paper, Tebow is no marketing superstar. The numbers say he's - for the most part - a pretty average quarterback. He's rode his luck in most of the games he's won, and the public displays of his faith that routinely follow seem to split fans down the middle. With a five-year, $11.25 million contract, he's also not topping any rich lists anytime soon.
But all true sporting phenomena have something more special, more significant than a big paycheck. LeBron James has it. Roger Federer has it. Tiger Woods had it. Thierry Henry just regained it. Like it or not, Tim Tebow has it too - star power.
London (CNN) - Tesco has lost the price war it declared back in September – and the third-biggest retailer in the world (by sales) has issued a profit warning.
The UK company says its strategy of slashing 3,000 prices simply didn’t work, failing to entice enough shoppers through the doors to make up for smaller profit margins.
Barcelona (CNN) – The queue for the toilets says it all. Twenty men patiently stand in line as I saunter past into the ladies’ loo – which is mercifully queue free.
It’s almost unheard of – except here in Barcelona at the Mobile World Congress, which definitely feels like a man’s world.
“I wish there were more women here,” says Robin Wauters, a tech journalist from Belgium. “If there are any women, they’re in marketing and PR. The cause of the divide is because there are not many women engineers, developers and managers.”
“It’s a closed circle driven for years by men,” says sales manager Daniel Barbieri from Colombia. “Women are ashamed to be in a closed and aggressive environment.”
Other peoples' jobs hold a certain mystery: who and what is behind some of the products and services that we often take for granted?
See how Quest learns the tricks of the trade from Mark and Micky, two professional billboard fixers who put up those giant advertising posters we all stare at when stuck at the traffic lights. As Quest discovers, it's not easy putting up a poster that measures twelve metres by three metres and comes in 96 pieces.
And don't forget to tell Quest what you get up to in the World of Work. Email your pics to the show to Quest@CNN.com and we will try to use a selection on air.
The dog saw it first - a bucket full of raw bones.
While it was the smell which caught Pepper’s attention - it was the sign that interested me.
The gruesome boiled-up remains, yours for about three dollars each, were labelled “MPs’ Legs.” “Let your dog have a nibble on an MP’s leg,” the sign went on.
“Well worth it!”
People in Britain are furious about the expenses scandal which is engulfing our lawmakers. But we haven’t actually got started chopping them up yet.
The dog and I were at a pet food stall on my local town market. The bones belonged to innocent animals who have never claimed any taxpayer cash to clean out their moats or pay phoney mortgages, and whose snouts have only ever graced real feeding troughs.
I asked the stallholder Colin Fletcher how his lawmakers’ bits were going down with punters. “One guy said he wished they were real,” he said. The scandal is particularly upsetting at a time when many thousands of people are experiencing the pain of losing their jobs, their homes and businesses.
Down on the market, things have been good for Colin this year, despite the recession. He said he’s invested a lot of money in the stall and built up a following of regular customers. “They even come in the winter when it’s minus five and raining. “We have a laugh with them, and a joke.”
Colin’s sense of humour is obviously keeping his customers happy. Yes, the bones are a gimmick. But it’s working. It reminded me that even the worst of times offer an opportunity for a good laugh -
And who knows - maybe even the chance to make a bit of money.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.