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 […]

The price of success

Champions League

What is success? It was an interesting question posed by Bayern Munich general manager Uli Hoeneß recently as the Bavarian side sneaked through to the Champions League quarter-finals by defeating Arsenal. Money, the determinant on many supporters’ lips, is only part of the solution says the former German international. After all, while finance is a […]

Liar liar Gill’s on fire as market pours cold water on IPO

Manchester United stock exchange

There was something vaguely sickening about the spectacle as Manchester United’s chief executive David Gill, adorned by two grinning Glazer brothers, rang the opening bell at the New York Stock Exchange this afternoon. Brothers-in-arms to a less than noble cause: the continued fattening of the Glazer wallet at United’s expense. Indeed, the sight of Gill […]

Reasons to be cheerful

Though last season’s climax will linger odiously in the minds of Manchester United fans, the summer which has followed is one easily forgotten. On the pitch, the absence of key players, due to international commitments at both the European Championships and Olympics, has seen United’s depleted squad score just three goals in five games against […]

Hit the road Malc

Edward Woodward

Manchester United’s commercial team launched the club’s investor roadshow on Thursday ahead of an Initial Public Offering (IPO) in New York this August. The team, comprising chief strategist Edward Woodward, commercial director Richard Arnold, and operations head Michael Bollingbrook, is meeting potential investors in Asia, Europe and the US ahead to drum up interest in […]

American Lie

American Pie

Long long time ago, I can still remember, how the Stretford Paddock drove me wild I knew that if I did my time, up those steps then I would climb and Busby’s love would hold me like a child The ’85 start made me shiver, at those 10 games Fat Ron delivered Then 91 through […]

Fergie and Glazers’ profit from IPO leaves fans angry

Sir Alex Ferguson

Sir Alex Ferguson is likely to profit from the Glazer family’s partial flotation of Manchester United, documents filed with the US Securities and Exchange Commission (SEC) revealed on Monday. The legendary United coach, who has been forthright in his defence of the Glazers since the American’s summer 2005 leveraged buy-out, may benefit from a share […]

Three strikes and you’re out for Glazer IPO

Wall Street

The Glazer family’s very long mooted Manchester United flotation may be off for a third time after the Financial Times confirmed that an initial public offering (IPO) planned for New York this summer is on “pause” for an undetermined period. Citing volatile market conditions, the FT says that the IPO may now not take place […]

Sir Alex’ guide to being a “real fan”

Sir Alex Ferguson, Glazer brothers

“Real fans,” said Sir Alex Ferguson on Saturday, will look at the Glazer family’s debt-fueled ownership of Manchester United over the past seven years and conclude that it “has not affected the team.” It was an assertion made by the 70-year-old manager that sparked a furious debate across social media, with Ferguson, not first the […]

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 […]