Manchester United is facing a crucial decision regarding the future of manager Erik ten Hag, as his team struggles to achieve their goals. With a heavy financial burden on the club, the club must carefully consider their options. The club’s ownership and management are currently assessing ten Hag’s position and the financial implications of a potential dismissal. If they decide to part ways with him, the club will incur an estimated £10 million cost under the Profit and Sustainability Rules, but the club’s financial situation may allow for some flexibility. However, the club’s strategic football plans will ultimately guide the decision on ten Hag’s future rather than financial concerns.
Results for: New CEO
CNH Industrial (NYSE: CNHI) has been downgraded to Neutral from Buy by analysts at Bank of America, citing uncertainty following the appointment of a new CEO. The move prompted a 4.3% premarket stock decline. Gerrit Marx will take over as CEO on July 1, succeeding Scott Wine. BofA noted that Wine’s strategy had recently improved cost-cutting, inventory management, and product simplification. The new price target for CNH is $13.20 per share, reflecting a reduced price-to-earnings multiple.