Fergie loses sight of financial reality… and title
May 7, 2012 by 285 Comments
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 [...]
Secret Glazer deal to sell Old Trafford naming rights
April 1, 2012 by 24 Comments
Manchester United owners the Glazer family has struck a secret multi-million pound deal with PepsiCo to rename Old Trafford. The deal, which will come into effect from the start of the 2012-13 season, will bring more than £400 million into the club coffers over the next 10 years, a source close to the deal exclusively [...]
The Ronaldo Money
February 21, 2012 by 70 Comments
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
November 15, 2011 by 11 Comments
“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
September 16, 2011 by 30 Comments
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 [...]
MUST evokes memories of Best … and Kitchener in new campaign
August 22, 2011 by 4 Comments
The Manchester United Supporters Trust (MUST) needs you… to don the Green & Gold of protest and force the Glazer family to use autumn IPO proceeds to rid the club of debt. At least that’s the message of MUST’s new poster campaign, which was launched today. Staring George Best in Lord Kitchener mode, the new [...]
Glazers to pay down debt? Believe it when you see it
August 19, 2011 by 22 Comments
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?
August 18, 2011 by 37 Comments
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
August 16, 2011 by 57 Comments
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 [...]
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