Glazers’ US IPO barely credible, let alone realistic

Manhcester United wages and TV income

Manchester United owner, the Glazer family, is exploring options to float the club in the United States, reports Reuters this week, after abandoning a mooted Asian IPO for the second time. Seeking up to £600 million in a partial floatation, the Glazers have now binned attempts to list the club in both Hong Kong and […]

Fergie loses sight of financial reality… and title

There has been a certain sense of inevitability about Manchester City’s rise over the past four years. After all, while football has its own financial peculiarities, a market is a market is a market. Money talks in football just as in any other industry, and City’s money is singing from the rooftops this season. On […]

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 […]