Glazers to pay off PIK debts on 22/11/2010

FrankJH said:
the revenue from a team football shirt x team sells in its own stadium is shared with all the other teams?

Never realised that - how very strange
Click to expand...

Indeed that is how revenue sharing works in the NFL. It's also not only at stadiums but basically every shop/retailer that is permitted to sell licensed NFL merchandise.

I guess it is one way to help keep parity between the small market teams like the Bills and Jaguars and the larger market teams like the Cowboys and Redskins.
 
sc(+)pe said:
Indeed that is how revenue sharing works in the NFL. It's also not only at stadiums but basically every shop/retailer that is permitted to sell licensed NFL merchandise.

I guess it is one way to help keep parity between the small market teams like the Bills and Jaguars and the larger market teams like the Cowboys and Redskins.
Click to expand...

I mentioned the stadium to highlight the fact - not to imply there werent any other retailers selling merchandise:)

Very strange indeed (Im all for there being less disparity between little and large teams, but for larger teams to effectively fund the smaller ones-by selling more shirts etc is weird)

http://www.guardian.co.uk/football/2010/nov/16/manchester-united-glazers-loans

little bit more info in general regarding all the loans etc
 
Last edited:
DanH84 said:
A slightly narrow view but impossible to say more until more details are out. It would appear to be good news though. Even if refinanced it would appear that the future interest commitments of the club will be reduced.
Click to expand...

Good news or the best of a bad situation?

It's a strange day when I sound more concerned about what the Glazers are doing than you :o
 
Impossible to know whether its good or bad until its known how the £220m has been raised (probably just refinanced the PIK's with less interest %)
 
In an ideal world no club would have debt loaded against it. It does increase our stability and lessen commitments even further.

You have to live within the realities of the situation and while I've always tried to ignore scaremongering anything that costs us less can only be a good thing.
 
DanH84 said:
In an ideal world no club would have debt loaded against it. It does increase our stability and lessen commitments even further.

You have to live within the realities of the situation and while I've always tried to ignore scaremongering anything that costs us less can only be a good thing.
Click to expand...

The question is whether its going to cost the club less enough to really make a difference ( if its approx 10m diff then brilliant, but if all this pallava is about 1-2m , which leta face it wouldnt make a difference to majority of the EPL, is it worth it?)

If the source of the money is more PIK notes@14% for instance..
 
Just in case anyone missed it

http://www.telegraph.co.uk/finance/.../Manchester-United-gets-Springfield-cash.html

Rumours have already started that the Glazers financed the £220m from Springfield Financial (who were rumoured to be after Liverpool FC) for a fractional reduction in the % rate of the original PIK notes :(

(obviously not confirmed, or even a reliable source - but I thought it stilll worth posting)
 
Last edited:
Heh no, a paper made a mistake and some 'tards started teething and blogging that we'd been bought by them. They'll just be another sponsorship partner. Did you also hear that he Springfield rumour was apparently started on red issue?
 
DanH84 said:
Heh no, a paper made a mistake and some 'tards started teething and blogging that we'd been bought by them. They'll just be another sponsorship partner. Did you also hear that he Springfield rumour was apparently started on red issue?
Click to expand...

No I hadnt heard that

I know Utd havent been bought - that would be out before the official statement was released, but I would be surprised if Epson wanted a small deal like Utd airline or wine supplier (which have been announced recently)

Just sounds bigger than that from what Epson's spokesperson said in the article
 
sadly we won't know. If it doesn't touch the club they won't need to report anything.

Oh and I saw this today Frank:

Man Utd announce deal with Epson
November 26, 2010

* Email
* Print

By ESPNsoccernet staff

Manchester United have announced a seven-figure sponsorship deal with leading computer accessory manufacturer Epson.

• Rooney committed to United

United confirmed the three-year contract, confirming Epson as their official office equipment partner.

It is the latest in a succession of such deals as the Red Devils commercial staff have pursued a policy of bringing in global partners to maximise the value of the United brand.

''This partnership with help Manchester United stay at the top of English and world football,'' said chief executive David Gill, who was at the announcement along with Sir Alex Ferguson and his squad for the Premier League encounter with Blackburn.

Rumours had circulated last week Epson were actually on the brink of buying United, speculation Gill was happy to refute.

''Social media networks may make it easier to stay in touch with our fans but they don't get it right all the time,'' he laughed.

The deal extends an association with sport by Epson that began in 1964 when they provided the timing devices for the Tokyo Olympics.
Click to expand...
 
You must log in or register to reply here.
Back
Top Bottom