Manchester United on the US stock market
- Thread starter Robbo
- Start date
Yep. I was thinking the deal would have been for something over £30m a year. Perhaps £35m. But £50m?! That's ridiculous. Either the figures are wrong, Chevrolet want to get rid of their money, the Glazers have pictures of Chevrolet executives up to no good or Utd's marketing team are worth their weight in gold.
The figures aren't wrong. It's included in the updated IPO prospectus. It's massive money but just how good will depend on what other clubs do over the next 9 years. The trend recently has been fairly short deals (usually 4 years) with large jumps each time the deal comes up for negotiation. That will have no doubt been factored in though.
The appeal to Chevrolet comes from Utd's exposure in Europe and in particular Asia. I'm no expert on Chevrolet but I'd imagine that their sales now are mainly in the US.
I watched this last night, it's effectively a video sales pitch for the IPO:
http://www.retailroadshow.com/custom/mu/muroadshow.asp
Robbo might need a box of tissues near by when watching this - they mention the possibility of (a further) ~£40m being spent this transfer window (and an approx £25m per year going forward).
http://www.retailroadshow.com/custom/mu/muroadshow.asp
Robbo might need a box of tissues near by when watching this - they mention the possibility of (a further) ~£40m being spent this transfer window (and an approx £25m per year going forward).
Soldato
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Wow. Lovely to see the proof.
Well the IPO prospectus says $559m so I guess the club will get that at the very least. Apparently China is Chevrolet's 3rd biggest market. http://en.wikipedia.org/wiki/Chevrolet#China
But yeah the money being talked about must be because Chevrolet want to massively increase their worldwide market share and be known to many more potential customers.
TBF they have something like a 3bn a year marketing budget. So (even accepting that 659 million 'followers' is a big exageration $70million of that on something as highly visible as a United shirt kind of makes sense. Or I guess that's what their marketing guys thought.
You have a good point, but its still nearly double the current record (well some are saying record is currently £25m/season) by the end of the Chevy deal, with the current economic climate, I cant see Utd being that much out of pocket, if at all, come '22/23 season
The other thing I read recently was that Aon was going to be sponsoring the new "Manchester United Business Network" and Manchester United Foundation and what effect this is going to have on the club.
http://finance.yahoo.com/news/aon-manchester-uniteds-business-business-130100924.html
Either way its interesting to hear Aon are strengthening their ties with teh club even if its in a completely different area
So was facebook, doesnt mean its good business for the people buying into this. Shows how much spare money is floating around the system if this is to be considered a good investment! Would be very very interested in finding out who the owners are.
Nice copy and past job Robbo
Howard Nurse's tweet is slighty confusing/misleading. For those that don't realise, the "$100m lower than was originally hoped for" is referring to the amount of cash raised, not the valuation of the club.
What like the ref last night who missed 2 clear penalties for us? Yeah you're right it's scandalous.