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Man Utd to raise £1b by end of year

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Post by Grizzly on Tue Aug 16, 2011 1:12 pm

What do Man Utd fans make of this ?
The club announced this morning they plan an IPO (initial public offering) which in effect is where they increase the share capital of the club which decreases the value of existing shares, but of course existing owners keep the cash from shares sold.
Is this confirmation the Glazers are in financial dissaray and need to address their debts, or is it a compromise that gives part ownership of the worlds most best known club back to the fans ?

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Post by sportform on Thu Aug 18, 2011 1:46 am

I don't understand how Uefa think other teams will be able to compete with Man United if they are forced to spend less than United?
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Post by Irish Curry on Thu Aug 18, 2011 2:14 pm

I'd say its a bit of both really their clearly doing this for the money to hopefully clear some of the debt but also maybe trying to calm some of the hate for them by saying you can buy shares and we dont own everything and so on. I can't really a down side if im honest unless the Glazers just going to keep the money for them selves.
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Post by ReallyReal on Thu Aug 18, 2011 3:06 pm

£1billion, really, I don't wish to sound too rude, but do you work for the Daily Star, as this figure must have been plucked from the same place as most of their stories?

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Post by Irish Curry on Thu Aug 18, 2011 4:14 pm

It is more like 400mil in real life from what I have read
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Post by Grizzly on Thu Aug 18, 2011 4:29 pm

ReallyReal wrote:£1billion, really, I don't wish to sound too rude, but do you work for the Daily Star, as this figure must have been plucked from the same place as most of their stories?

I don't work for the Daily Star, this thread was put up on Tuesday when it was first announced and the details of the proposed transaction were unknown, £1b was the figure that was headlined on BBC where I first heard the story.
Given the thread raised no discussion when the content was valid I think it can be disregarded.
OK

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Post by ADMIN on Thu Aug 18, 2011 4:37 pm

I saw the story when it initially broke and it was mooted by the press at the time to be a $1 billion floatation.
Mixed thoughts on it myself, clears the debt but then puts Utd at the mercy of the ups and downs of the stock market again.
Prefer them to stick the lot up and allow someone to buy the lot that is actually financially solvent.

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Post by Kenny on Thu Aug 18, 2011 4:57 pm

The only thing i would be bothered about if i were a Man U fan would be how much thec Glazers were taking of it .
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Post by samevans1 on Fri Aug 19, 2011 2:35 pm

1 billion USD, so what? 600 million pounds.

For a third of a club? They must think Singaporeans are daft!

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Post by ADMIN on Fri Aug 19, 2011 2:38 pm

Being as earlier on this year the Glazers were scoffing away offers of £1.5 billion then £1.8 billion isn't a million miles away (well it is to me!)

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Post by SirJohnnyEnglish on Fri Aug 19, 2011 2:42 pm

Glazers supposedly value the club at 2bn.
Analysts reckon the club is valued at about 1.7bn. So 600m wont be to hard of an effort for the Glazers to raise throughthis IPO.

Theres rumours they wont go ahead with it though due to the current stock market fluctuations. Not particularly a great time to be getting yourself listed

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Post by The Judge on Fri Aug 19, 2011 3:51 pm

Irish Curry wrote:It is more like 400mil in real life from what I have read
Even if that figure is true it will still only clear half of the clubs debts. I'm sure with the world in financial turmoil, or so it appears these banks who loaned out all this money to football will want some money back, and soon.

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Post by Irish Curry on Fri Aug 19, 2011 6:16 pm

[quote="The Judge"][quote="Irish Curry"]It is more like 400mil in real life from what I have read[/quote]
Even if that figure is true it will still only clear half of the clubs debts. I'm sure with the world in financial turmoil, or so it appears these banks who loaned out all this money to football will want some money back, and soon.[/quote]

Half the debt gone is better then still having it which ever way you look at it. No one will know how much will be raise until they start selling so who knows I'm not an econimist Erm
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