[ENG] Premier League 2014/2015 (41 Viewers)

jukazem

Senior Member
Feb 10, 2007
4,967
Glazer Family to Sell 5 Percent of Manchester United
Manchester United (MANU) Plc’s majority shareholders, the U.S.-based Glazer family, announced plans to sell 8 million shares, or about 5% of the record 20-time English soccer champion, in a public offering.

Manchester United stock closed at $19.31 yesterday in New York, down 11 cents for the day. No price has been set for the shares being released. All the proceeds will go to Red Football LLC, the Glazers’ investment vehicle, and not to Manchester United, according to the news release.
At yesterday’s closing price, the sale of the 8 million shares would translate into about $150 million for the family.

The sale is being handled by Jefferies LLC, BofA Merrill Lynch, Credit Suisse Securities (CSSIFAB) LLC, Deutsche Bank Securities Inc. and Nomura Securities International Inc. The underwriters have the option to purchase a further 1.2 million shares, according to a news release yesterday announcing the sale.
http://www.bloomberg.com/news/2014-...-5-percent-of-soccer-s-manchester-united.html

some other extracts from the article...
The sale of the Class A shares would leave the Glazers with about 85 % of the club they purchased through a £790 million ($1.4 billion) leveraged buyout in 2005.
The 2005 buyout was financed through £374 million of bank loans and £275 million of notes sold to hedge funds.

Almost £700 million has been spent on servicing the club’s ownership-related debt since the takeover.

The Glazers raised $233 million after an initial public offering of 10 percent of the club on the New York Stock Exchange in 2012.
 

Red

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Moderator
Nov 26, 2006
47,024
what do you think makes them this marketable?
It's just that they happened to be winning at the point the EPL became the global thing that it is. Naturally people new to the league jumped on the team that was winning.

Man Utd have handled it well, but a lot of it is just down to the luck of happening to be strong at the right time.

If the EPL had gone global in the early 1980s, instead of the 90s, I'm sure Liverpool would have become very much like Man Utd are just now.

That said, I don't understand most sponsorship deals and how they can be judged to provide value for money.

Do you think DHL's business benefited hugely from them spending £10m per year to have their name on the Man Utd training kit?
 

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