Despite the market capitalisation of the football club sitting at $2.7bn, only approximately $700m is available to retail investors.
“We accessed a block of the quoted shares from the Glazer family itself, where some family members wanted to sell for estate planning purposes,” Train says.
“This was helpful, because otherwise the shares are tightly held. The fact that some family members were willing to sell suggests that they knew of no imminent reason for the shares to go up a lot. Indeed you might argue that the sale implies that they don’t regard the shares today as particularly undervalued.”
the Glazer family members too.
I didnt know anythign about it until I read that fund manager's note, he used that same example to justify his prediction that Facebook, Google, Amazon or someone like that will end up bidding, meaning prices will surely keep up their upward trajectory. Which is actually insane, when you think about it.Facebook is very much serious for broadcasting rights of sports. I'm not sure if you're aware of Indian Premier League(Cricket related) but FB just bidded 610m dollars for the digital rights, they were outbidded but they were willing to spend such a large amount of what's essentially a two month tournament(The rights were of five years).
It has long been rumored that not all of Glazer children want to remain owners of United and some of them might sell soon.In my opinion the Glazers wont' sell up until they think they cannot grow the asset anymore. They bought United (Club and Brand) for £0.8B and with its Global stock market floats its now worth according to Forbes, £2.86B.
If and when they reach a level where growth stops or the asset in value starts to 'plateau', and/or United really 'dip' do a Liverpool (sorry couldn't resist it) and go wandering in the football wilderness, then they won't sell.
What I got from that article was that it makes no sense to think about "The Glazers" anymore. Since Malcolm died it is just a group of siblings holding shares, each with their own views about what best to do with them. So some of them will probably cash in and a good chunk of the shares will be free float but probably a large minority of them will be held by the remaining brothers who still see upside.In my opinion the Glazers wont' sell up until they think they cannot grow the asset anymore. They bought United (Club and Brand) for £0.8B and with its Global stock market floats its now worth according to Forbes, £2.86B.
If and when they reach a level where growth stops or the asset in value starts to 'plateau', and/or United really 'dip' do a Liverpool (sorry couldn't resist it) and go wandering in the football wilderness, then they won't sell.
Yes, after Malcolm Glazer died its believed some family members did sell off shares, mainly to other family members who wanted to continue.It has long been rumored that not all of Glazer children want to remain owners of United and some of them might sell soon
Chinese govt had restricted the Chinese companies from investing in sports outside China, I still think it'd be more likely that we'll be overtaken by some middle eastern group.Yes, after Malcolm Glazer died its believed some family members did sell off shares, mainly to other family members who wanted to continue.
Recently there have been reports of Chinese interests in buying some shares in United, but this does not seem to be a take-over bid, but seems to be the Chinese buying into a top PL team to see how its run and to get the privileged PL 'information', to help them build up their own PL. Don't forget the Chinese plan in 50 and 100 year cycles, not like the Western democracies they don't have to bother with elections every five years of so!
Yep, it is an interesting take on it re Facebook et al and the soap opera that keeps on giving.Interesting bit about the possibility of Facebook or another internet provider entering the bidding war for broadcasting rights, Im always tempted to see these TV deals as the proof that football is in the midst of a bubble and that at one point someone will realise theyve overpaid and the whole thing will go into reverse but the possibility of more bidders certainly undermines that theory. I liked the rationale for paying so much for the rights too: sport is like a hit show every bit as engrossing as The Wire, it goes on season after season and there is no risk of it ever being cancelled. When you look at it like that its easy to dismiss concerns about the bubble.
Do you know if the shares being sold more recently had voting rights? The ones from the IPO didnt I dont think, so presumably these are the same? Or, if family members are selling their own shares now, does that mean these ones do have voting rights?
Maybe a foreign head of state will make a YUGE offer!I'd seriously sell if I were them now. Obv to an utter mega tycoon or rich state ofcourse!
Only way we'll compete.
They trusted Ferguson. Not sure what else were they supposed to do?£600m spent post Ferguson.
I don't see this as being their fault (except for appointing Moyes, or allowing it to happen).
Think Woodward has to take some of the blame. He's in effect our Director of Football, we've had 2 managers fail, one potentially heading that way with £600m spend and not sure how many were value for money.£600m spent post Ferguson.
I don't see this as being their fault (except for appointing Moyes, or allowing it to happen).
They won't have to, about 100 to 150 most likely, then they'll just live off the club's name if we become a 5th to 7th placed team.Personally, I don't think they'll fancy spending 200million each year to keep us challenging.
That’s cheered me up no end. Thanks. Only saving grace is that success on the pitch has a much higher correlation with success off it in football. So can’t take it to Dolphins extremesThey won't sell. They are making too much money off United.
Miami Dolphins haven't won anything in decades and yet they are a global powerhouse when it comes to monies.
It's hard to see when our spiral downhill will stop but we continue to make them rich.
Think you mean tampa bay bucaneers, but yeah same principle appliesThey won't sell. They are making too much money off United.
Miami Dolphins haven't won anything in decades and yet they are a global powerhouse when it comes to monies.
It's hard to see when our spiral downhill will stop but we continue to make them rich.
Football isnt directly comparable to NFL. It's a closed 'system' where teams cant really fail, as you're always in the NFL no matter how bad and if you're really bad you get the pick of the best players in the draft. In football, for example, a few years away from the Champions League can really hurt a club's finances and image (just look at AC Milan), which has a knock-on effect on sponsorships.They won't sell. They are making too much money off United.
Miami Dolphins haven't won anything in decades and yet they are a global powerhouse when it comes to monies.
It's hard to see when our spiral downhill will stop but we continue to make them rich.
Agree with this. The Milan clubs are also-rans now.Football isnt directly comparable to NFL. It's a closed 'system' where teams cant really fail, as you're always in the NFL no matter how bad and if you're really bad you get the pick of the best players in the draft. In football, for example, a few years away from the Champions League can really hurt a club's finances and image (just look at AC Milan), which has a knock-on effect on sponsorships.
Considering the investment the club needs (players, youth setup and stadium upgrade) there is no way somebody will pay the current valuation.If the Glazers are going to make an exit, now might be a good time.
If City keep up their current form, a lot of the far-flung fans on whom United's profile is based will switch allegiances and the value of the club will fall.
As Ogden said in his piece for ESPN, they got it catastrophically wrong in not reinforcing back in the 2009-11 period and now they're reaping the consequences. It's going to cost hundreds of millions to return the club to the top of English, let alone European football. Why not just cash out now while the club's value is still high?
I think Suadi government is looking for a club in English division, Glazers should sell United to them so we can spend whether we want and will outspend PSG and City in the transfer window, especially given our financial revenue advantages and to able comply with FFP rules. Approximately £320m of our almost £600m revenue come from United's operating cost without tranfer window spending included and have 250-280 left to spend annually, that all money can be spent on the transfer window. Saudi will help it since they won't care about profit. City and PSG's limit is 150m compared to us 250m to 280m.Maybe a foreign head of state will make a YUGE offer!
Yeah right. One of the biggest sports clubs in the world. If this club is for sale it would be sold to highest bidder in less than year for at least 4 billion. Alibaba and China would come cash ready.Considering the investment the club needs (players, youth setup and stadium upgrade) there is no way somebody will pay the current valuation.
I think Suadi government is looking for a club in English division, Glazers should sell United to them so we can spend whether we want and will outspend PSG and City in the transfer window, especially given our financial revenue advantages and to able comply with FFP rules. Approximately £320m of our almost £600m revenue come from United's operating cost without tranfer window spending included and have 250-280 left to spend annually, that all money can be spent on the transfer window. Saudi will help it since they won't care about profit. City and PSG's limit is 150m compared to us 250m to 280m.
FFS, Qatar had an interest in United to purchase it for 2 billions, that was before Qatar purchased PSG. We better not reject Saudi next time because we need them so bad.I'd say if anyone buys us it would be Saudi's. Qatar and UAA have their vanity projects. It won't be long before Saudi's get in on the act.
I'd sooner see us insolvent than owned by them.FFS, Qatar had an interest in United to purchase it for 2 billions, that was before Qatar purchased PSG. We better not reject Saudi next time because we need them so bad.
I don't think, we could have paid all our debt off in 1 years if we want to but all the money for transfers window will be gone if we choose to wipe out all our debts completely off, I thought it would be good in long term especially we can get 50m extra every season on top of 150m set budget meaning we don't have to pay instalments payment loan, it'll free more of our spending.I'd sooner see us insolvent than owned by them.
They were supposed to be a red cafe geniusThey trusted Ferguson. Not sure what else were they supposed to do?
Looking at the trends of player prices growing exponentially, the period of low investment post 2009-2013 has hurt the club massively. We could’ve have got talents then for a fraction of the price we’d have to pay now.If the Glazers are going to make an exit, now might be a good time.
If City keep up their current form, a lot of the far-flung fans on whom United's profile is based will switch allegiances and the value of the club will fall.
As Ogden said in his piece for ESPN, they got it catastrophically wrong in not reinforcing back in the 2009-11 period and now they're reaping the consequences. It's going to cost hundreds of millions to return the club to the top of English, let alone European football. Why not just cash out now while the club's value is still high?
It’s not as fanciful as it seems, they’re restructuring as a country or state and they’re looking at the more moderate models of the UAE, where they need to look beyond oil to fund their future well being and what with this connection with United who knows. Whether this is would be a good thing or not, who knows.I think Suadi government is looking for a club in English division, Glazers should sell United to them so we can spend whether we want and will outspend PSG and City in the transfer window, especially given our financial revenue advantages and to able comply with FFP rules. Approximately £320m of our almost £600m revenue come from United's operating cost without tranfer window spending included and have 250-280 left to spend annually, that all money can be spent on the transfer window. Saudi will help it since they won't care about profit. City and PSG's limit is 150m compared to us 250m to 280m.
I don't think we need an investment, we just need an owner who doesn't care about the profit and push our transfer spending to its full potential amount of money we can spend in the transfer window.It’s not as fanciful as it seems, they’re restructuring as a country or state and they’re looking at the more moderate models of the UAE, where they need to look beyond oil to fund their future well being and what with this connection with United who knows. Whether this is would be a good thing or not, who knows.