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 […]

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 […]