Manchester United on the US stock market

Robbo

Robbo

Robbo

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Manchester United seeks $100m New York stock sale

Manchester United has applied to list on the US stock market in a share sale that could value it at $1bn (£635m).

In documents filed with the Securities and Exchange Commission, the Premier League giant said it would raise up to $100m by listing in New York.

The club had earlier explored the possibility of floating on the Singapore stock market.

United, among the best-supported clubs in the world, said it would use money from the listing to repay debt.
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http://www.bbc.co.uk/news/business-18699885

Official document: http://www.sec.gov/Archives/edgar/data/1549107/000104746912007026/a2210109zf-1.htm

Some interesting snippets from it:

  • ‘indebtedness could adversely affect our financial health and competitive position’
  • Risks: ‘competition for key players & personnel, increases in operating costs, such as player salaries & transfer costs’
  • Report also points out successor to Sir Alex Ferguson may not be as successful and adds CL cash 'cannot be guaranteed'
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Hopefully this will end up resolving some of the debt issues.
 
Our operations can be subject to natural disasters and other events beyond our control, such as earthquakes, fires, power failures, telecommunication losses, terrorist attacks and acts of war.
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Hopefully there will be no acts of war. :p
 
Manchester United is understood to have postponed its $300m (£193m) stock market flotation in the US amid market volatility.

The club, owned by the Glazer family, had been expected to kick off its investor road show this week with a view to listing on the New York Stock Exchange early next month.

But it was reported on Wednesday night that the Premier League club has decided to temporarily pause its plans, as anxiety over the eurozone unsettles markets across the Atlantic.

The club and its advisers are considering whether to still meet potential investors later this week as intended, it was reported.

Earlier this month, a number of potential institutional investors raised concerns about the initial public offering and the potential difficulty in making money on the stock.

The Premier League club unveiled plans to become a public company last year, but previous proposals to list in Hong Kong and Singapore were scrapped after the demand for shares did not match expectations.
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http://www.telegraph.co.uk/finance/...uts-off-US-flotation-amid-market-turmoil.html

I hope this won't affect any potential transfer deals.
 
I'm aware that the article I posted may not be completely reliable and was from MUST, who are doing everything they can to make the Glazers look bad. :p

The Chevrolet deal is for roughly £24m per season, which seems a hefty sum (if various press sources are to be believed).

Hopefully that Bloomberg article is accurate too, then things are looking up. :)
 
MarcLister said:
Well £30m+ would be flipping fantastic! What's the highest kit sponsorship deal in world football? Utd + Aon were near the top, if these figures are true, then we must surely have the new highest deal?

Anyone else noticed all our American sponsors? Aon. Nike. Chevrolet. Budweiser. Not to forget AIG from the past.
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It probably is the most lucrative deal going I imagine. I'm not sure what the likes of BWIN pay Real Madrid though.

It's not really a surprise that Americans are keen to use us as an advertising platform. Most people probably hadn't heard of Aon/AIG until they were on our shirt.

GM are huge and will probably want to start pushing the Chevrolet brand in Europe now (it's not exactly popular, even though people will have heard of it), your brand name on the Manchester United shirt is rather good exposure.
 
MUFC have priced shares at $14 each for their US IPO, valuing club at $2.3billion, about $100m lower than was originally hoped for.
 
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