Another Premier League club took over ?

[Loki]

http://www.guardian.co.uk/football/2009/jun/21/united-arab-emirates-premier-league

As well as the Guardian quite a few of the broadsheets are reporting that the ruling family in the UAE have acquired 60% of a yet to be named Premier League Club.

I doubt it is Liverpool given the announcement that their owners have sold their stake in the Montreal Canadians.

Could it be Newcastle, Oh Hang on, the article said Premiership

 

[Loki]

I really agree with what your saying their Cheets. If everyone gets bought out or has a huge injection of cash, all it does is raises the price at the bottom level. As we are seeing now, clubs are paying upwards of £5m and sometimes £10m for very very mediocre players who would be lucky to attract anything other than a couple of million a few years before.

 

[Loki]

Hoping its Liverpool, maybe one of the Americans has decided to call time. Hopefully !!!

I was reading on another forum this morning that it is Everton who are the club in question. A deal was struck just before the cup final and should be announced by Weds at the latest. How reliable this is, god only knows but it's not beyond the realms of possibility

 

[Loki]

interesting to say the least, united have been in debt what, 2 years or so now since glazers took over? i honestly think any club with debts as excessive as theirs, or any debt in fact should restrict that club from buying new players, player wage cuts should be enforced too.

if in the real world you are in debt, or have had troubles, you are 99% likely to lose your good credit rating.

Debt is only an issue when you can't service it. Don't be blinded by the size of the debt. The main difference with United compared to other clubs in a similar situation is that Manchester United own a hell of a lot of property in and around Old Trafford. Given that they bought a considerable amount of property at a very low price per SQ yard and subsequently rent it out at a much higher price per SQ Yard, it makes perfect business sense.

Utd fans and anyone else for that matter can say what they like about the Glazers but they recognise the ingredients for making a successful business. Fergie gets what he wants within reason for playing staff and they know full well if it works on the pitch it sells shirts and merchandise off it to every Thomas, Richard & Harold world wide

The risk to the banks is less because if they had to call in on any of the loans then there is plenty of assets to sell before even touching the team. Not to mention good cash flow

http://www.guardian.co.uk/football/2009/jun/18/manchester-united-liverpool

Manchester United as a brand is valued at more than the Champions League and some small change behind the World Cup.

The Glazers are canny Business men as well. Not to mention the record breaking deal for sponsorship starting for next season, they make lots of money from the Buccs as well

46: Tampa Bay Buccaneers
Owner: Malcolm Glazer
Value: US$685 million

An unprecedented and unique SportsPro report ranking the world’s 200 most valuable sports properties has identifed the Tampa Bay Buccaneers as the 46th most valuable sports property on the planet.

Malcolm Glazer bought Tampa’s NFL franchise for US$192 million in 1995. Within seven years, he had turned a small-market team into Super Bowl winners.

The franchise has revenues of US$224 million, of which US$39.3 million is operating income. Player expenses come to US$128 million while gate receipts reached US$56 million during the 2008 season. The team had a total attendance of 516,088, equating to an average of 64,511 per game.

Glazer had the foresight to strike an incredible – and somewhat unpopular – deal with local authorities allowing him, under the terms of his lease of the Raymond James Stadium, to keep virtually all the money generated at the 65,908-capacity venue, which opened in 1998. The franchise thus garners the US$32.5 million financial services Raymond James pays for stadium naming rights as well as all advertising, ticket and hospitality revenue. In return, it pays the city only around US$4 million.

Glazer also owns English Premier League soccer side Manchester United.

The industry standard credit rating for big business is Standard and Poors rating which is slightly different to the Equifax and Experian report you can get for a fiver. To my knowledge, Manchester United are rated as an A Class business