Family debt: the Glazers not yet moved to invest

Glazers

It has taken, by any reasonable assessment, just shy of £700 million in interest, repayments and fees, three refinancing rounds, and countless intrigue, but Manchester United’s huge corporate debt is finally under a modicum control. There have been times, many of them, when the day seemed unlikely. Not that United is debt free – far […]

Glazer SEC filing exposes cloak and dagger strategy

One thing can be said for the Glazer family: they’re happy to go a long way to keep a secret. More than four and a half thousand miles from Manchester United’s base at Old Trafford, to the corporate tax haven on Grand Cayman in the Caribbean Sea, to be precise. But while the Americans seek […]

The Ronaldo Money

CristianoRonaldo

Look behind the headlines – you know, the spin-driven articles pronouncing yet another quarter of glorious revenue growth – and Manchester United’s Q2/H1 financial statement once again paints a gaudy picture of the Glazer family’s ownership. It is a picture of a still heavily indebted club spending its profits buying back debt at an inflated […]

Reds’ boom goes on but the Glazer drain continues

Manchester United owned land near Old Trafford

“There is only one Manchester United,” said Richard Arnold, the Reds’ Commercial Director last month. Indeed, the club’s first quarter results, published Tuesday, once again demonstrated the cash generating monster it has become, with yet another quarter of increased turnover posted. Thanks in part to an aggressive regionalised commercial strategy, the club is generating more […]

Glazers’ dual track IPO gets green light

Old Trafford

The Glazer family will list Manchester United on the Singapore Stock Exchange (SGX) this autumn after local authorities gave the American family a green light for the partial IPO. The family will sell off around a third of United’s shares in a much-discussed dual track listing that will raise money but ensure the Glazers remain […]

Glazers to pay down debt? Believe it when you see it

Glazer Brothers

There is something rotten in the republic of mancunia when national journalists buy, with seemingly little attempt at corroboration, the Glazer family’s ample spin on the upcoming Manchester United IPO in Singapore. Indeed, the Times and Telegraph each published heart-warming tales of the family seeking to pay down the club’s £500 million corporate debt and […]

Poll: will you invest in United IPO?

Singapore Stock Exchange

Confirmation that Manchester United has applied to list on the Singapore Stock Exchange (SGX) before the end of 2011 means that ordinary supporters be able to own part of the club for the first time since 2005. The planned partial IPO was confirmed on Thursday when a preliminary application was made to SGX, reports Reuters: English […]

Asian IPO back on the agenda

Singapore

Belief that the Glazer regime is readying an Initial Public Offering (IPO) in the autumn has once again gained credence following widespread international media coverage today. The Wall Street Journal broke the news Tuesday that the Glazer family has selected the Singapore Stock Exchange (SGX) as the family’s preferred venue for a $1 billion partial-IPO […]

Glazer IPO unlikely to offer fans major stake

Sir Alex Ferguson Glazer family

The weekend’s Times newspaper report that the Glazer family is considering floating Manchester on the Hong Kong stock exchange raises the possibility, for the first time since 2005, that supporters could claim a stake in the heavily indebted club. It’s a goal that groups such as the Manchester United Supporters Trust (MUST) have been working […]