With the benefit of hindsight, the BNPL party was probably over when Afterpay sold to Block (formerly Square) last August in a deal that was beautifully timed but poorly structured, given Block paid with its own stock. Then, on Tuesday morning in Sydney, local BNPL battler Zip announced it would terminate its much-hyped merger with ASX-listed rival Sezzle, with Zip paying Sezzle an $US11 million termination fee, equivalent to almost 5 per cent of its market value.
Zip co-founder Larry Diamond Sezzle’s Charlie Youakim. He said the club “stopped in time.It took less than eight hours for any last hopes of big returns from the buy now, pay later sector to be extinguished.įirst, from Stockholm, came confirmation that Commonwealth Bank-backed giant Klarna had raised $US800 million ($1.2 billion) in new capital at a valuation of just $US6.7 billion – 12 months after it was valued at $US45.6 billion. I saw everything was the same.” Ronaldo said he was also surprised that United didn’t attract a better caliber of player after signing him. “I was surprised, in a bad way, in that way. “When I arrived, I thought everything will be different - the technology, the infrastructure, everything,” he said. Ronaldo said he quickly realized United hadn’t moved on from his first successful spell there, from 2003-09. “I spoke with him - he said, ‘It’s impossible for you to come to Manchester City,” Ronaldo said. “But as you know, with my history at Manchester United, your heart, your feeling, the history that you did before, makes the difference.” Ronaldo added that a conversation with Alex Ferguson, who was United manager in his first spell at the club, was influential. “It was close, it was close … they tried hard to have me,” Ronaldo said of City and its manager, Pep Guardiola.
Ronaldo said he came close to joining Manchester City before agreeing to join United for a second spell in August last year.
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