Are you getting angry or something?
If you can mistake that for getting angry, you must find the caf a pretty irate place in general...
ALL issues relating to the bond issue and club finances
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If you can mistake that for getting angry, you must find the caf a pretty irate place in general...
Now I'm angry
Manchester United re-financing: Is Qatar closing in? | Mail Online
Anyone read this?
Basically, it's a nothing article based on speculation but could there be some truth in it?
Fergie was quite involved in Qatar's 2022 WC Bid tbh, I'm not saying it's definite but I think there could be some possibility in this.
Anyone read this?
Basically, it's a nothing article based on speculation but could there be some truth in it?
Fergie was quite involved in Qatar's 2022 WC Bid tbh, I'm not saying it's definite but I think there could be some possibility in this.
I'm pretty sure I've heard that one before a few times. Aren't the City sheikh's from Dubai? Mad sporting rivals the two nations, I'm sure Qatar would love nothing more than to get one over on them. All speculation mind, probably bollix!
There are a lot of rumours flying about now about Glazers looking to sell some of all of the club but I havent seen anything concrete as yet.
Andersred latest blog adds some more fuel to the fire:
the andersred blog: PIK repayment: The Glazers issue shares to someone (or maybe themselves)....
Andersred latest blog adds some more fuel to the fire:
the andersred blog: PIK repayment: The Glazers issue shares to someone (or maybe themselves)....
Sounds very far fetched to me. Much more likely that we've got a second tier sponsorship deal out of them.
I doubt that SAF would go out personally all the way to Qatar for a sponsorship worth just a few million though. We don't have a sponsor for our training gear, maybe a substantial deal (by platinum sponsor standards) is in the works for Qatar to become a platinum sponsor and also have their name on our training gear or does the agreement with AON forbid that?
A couple of million pounds per year for a 4-5 year contract amounts to £8m-£10m. Not to be sniffed at.
With regards to the training gear, I obviously haven't seen the AON contract so I couldn't tell you what is and isn't allowed, but I think it's fair to say they wouldn't be best pleased if another company's name appeared on it. Interesting idea though and it does perhaps lend credence to the claim from a poster on here that AON dropped a bollock by not including the training gear in the sponsorship contract. Either that or, perhaps more likely, we made it clear to AON that the training gear naming rights were to be excluded from the shirt sponsorship contract.
If that were the case, we'd have had a sponsor lined up for it in advance though wouldn't we? We're almost 3 months into the season and still no sponsor.
Manchester United owners the Glazer family target world record £450 million kit deal
Manchester United owners the Glazer family target world record £450 million kit deal to ease financial burden
Manchester United’s owners, the Glazer family, believe they can banish concerns over the club’s £526 million debt by securing a world-record kit deal worth close to £450 million before their agreement with Nike expires in 2015
Manchester United’s £302.9 million contract with Nike, which came into force in August 2002, is currently worth approximately £25 million a year to the club, because of progressive increments.
There are no plans to lay the groundwork on a new deal until at least 2012, but United’s American owners believe that the recent €42.6 million -a-year kit deal between Nike and the French Football Federation – worth a world record €320 million over 7½ years – has set the benchmark for United when they come to seek out a new long-term agreement.
The club are forced to service the interest on their debt with annual payments of around £45 million, with the £526 million bond – floated in January this year – due to be repaid in 2017.
And although any increased kit deal is highly unlikely to result in a lump sum one-off payment, the extra revenues generated would ease the financial pressure on the Glazers, who recently cleared a £220 million PIK loan, with mystery still surrounding the source of the funds used to wipe out that debt.
French success in prising their unmatched kit deal with Nike has been noted by the Glazers, however. Having had its kit produced by Adidas since 1972, the FFF is to switch to Nike next year.
Although France have won the World Cup and European Championship over the past 12 years, their brand power is incomparable to that of United, whose global reach enabled the club to secure an £80 million, four-year shirt sponsorship deal with the American financial group Aon last year.
Aon cited the prospect of having its company logo on 'six million walking billboards’ as the justification for the deal with United, but annual shirt sales tend not to be the main money-generating factor in kit deals.
Under the terms of United’s current deal with Nike, the club grant the sportswear company exclusive rights to sponsor its gear, manufacture and sell its merchandise, and operate United’s existing retail operations.
Performance-related clauses in the contract ensured that Nike’s payments to United would be reduced if they failed to finish in the top half of the Premier League or qualify for Europe.
The club have developed strong links with Nike and Wayne Rooney, the United forward, spent a week at Nike’s HQ in Portland, Oregon, last month to boost his fitness away following his troubled start to the season.
Although Nike, which bought out England’s kit manufacturer, Umbro, in a £285 million takeover in October 2007, is also the kit sponsors of Barcelona and the Brazil national team, United are viewed as the leading football brand in their portfolio.
And with only Adidas, who currently have kit deals with Liverpool, Bayern Munich and Real Madrid, able to compete with Nike in terms of sportswear partnerships, the battle to produce United’s shirts is unlikely to be contested beyond the two companies.
Top kit contracts
£36m per year France (Nike, 2011-18).
£26.3m per year Barcelona (Nike, 2006-13).
£13m per year Arsenal (Nike, 2003-13).
£10m per year Chelsea (Adidas, 2006-16).
£5m per year Tottenham (Puma, 2006-11).
Manchester United owners the Glazer family target world record £450 million kit deal to ease financial burden - Telegraph
Manchester United owners the Glazer family target world record £450 million kit deal to ease financial burden
Manchester United’s owners, the Glazer family, believe they can banish concerns over the club’s £526 million debt by securing a world-record kit deal worth close to £450 million before their agreement with Nike expires in 2015
Manchester United’s £302.9 million contract with Nike, which came into force in August 2002, is currently worth approximately £25 million a year to the club, because of progressive increments.
There are no plans to lay the groundwork on a new deal until at least 2012, but United’s American owners believe that the recent €42.6 million -a-year kit deal between Nike and the French Football Federation – worth a world record €320 million over 7½ years – has set the benchmark for United when they come to seek out a new long-term agreement.
The club are forced to service the interest on their debt with annual payments of around £45 million, with the £526 million bond – floated in January this year – due to be repaid in 2017.
And although any increased kit deal is highly unlikely to result in a lump sum one-off payment, the extra revenues generated would ease the financial pressure on the Glazers, who recently cleared a £220 million PIK loan, with mystery still surrounding the source of the funds used to wipe out that debt.
French success in prising their unmatched kit deal with Nike has been noted by the Glazers, however. Having had its kit produced by Adidas since 1972, the FFF is to switch to Nike next year.
Although France have won the World Cup and European Championship over the past 12 years, their brand power is incomparable to that of United, whose global reach enabled the club to secure an £80 million, four-year shirt sponsorship deal with the American financial group Aon last year.
Aon cited the prospect of having its company logo on 'six million walking billboards’ as the justification for the deal with United, but annual shirt sales tend not to be the main money-generating factor in kit deals.
Under the terms of United’s current deal with Nike, the club grant the sportswear company exclusive rights to sponsor its gear, manufacture and sell its merchandise, and operate United’s existing retail operations.
Performance-related clauses in the contract ensured that Nike’s payments to United would be reduced if they failed to finish in the top half of the Premier League or qualify for Europe.
The club have developed strong links with Nike and Wayne Rooney, the United forward, spent a week at Nike’s HQ in Portland, Oregon, last month to boost his fitness away following his troubled start to the season.
Although Nike, which bought out England’s kit manufacturer, Umbro, in a £285 million takeover in October 2007, is also the kit sponsors of Barcelona and the Brazil national team, United are viewed as the leading football brand in their portfolio.
And with only Adidas, who currently have kit deals with Liverpool, Bayern Munich and Real Madrid, able to compete with Nike in terms of sportswear partnerships, the battle to produce United’s shirts is unlikely to be contested beyond the two companies.
Top kit contracts
£36m per year France (Nike, 2011-18).
£26.3m per year Barcelona (Nike, 2006-13).
£13m per year Arsenal (Nike, 2003-13).
£10m per year Chelsea (Adidas, 2006-16).
£5m per year Tottenham (Puma, 2006-11).
Manchester United owners the Glazer family target world record £450 million kit deal to ease financial burden - Telegraph
But we're skint!
£450m over how many years?
Hard to say, given that "There are no plans to lay the groundwork on a new deal until at least 2012"... almost like the article is based on nothing but speculation.
Hard to say, given that "There are no plans to lay the groundwork on a new deal until at least 2012"... almost like the article is based on nothing but speculation.
What's with the smirk? It's almost like you'd rather this didn't happen.
It's obviously possible for us to secure a better deal than fecking France. Would be fantastic for the club if true.
It wouldn't help his "everybody panic were doomed under the glazers' stance so its probably not far from the truth sadly.
He had a similar reaction to the news the PIK's were being paid off, hardly a fountain of joy at that news oddly seeing as it was wonderful news for the club.
Never underestimate people and their agendas, why do you think we've not seen Fred polluting this thread lately? glazers paying off the PIK's without touching club funds wasn't part of the plan.
Would like to see this happen as it would certainly ease the financal strain on the club.
The Quatar rumor first started a year ago. Now with the Glazers mysteriously paying back the life threatening PIKS I think it is not unlinkely that Quatar are behind that. ANd who kons they may evenbtually buy the club. What better way to show their main rivals in the Middle East that you are number one?. I mean there is no better way. Their rivals own friggin' City.
The smirk was at yet another journalist passing off speculation as fact... there's not a single quote to back up what "Manchester United’s owners, the Glazer family, believe" or don't, but without bringing them into it, you're left with "United likely to get big shirt sponsorship when it's time to remegotiate in a couple of years" which doesn't sell papers nearly so well.
Elvis seemed to have taken the article a bit too literally, with the £450m taken as a fact, rather than a guess, hence the smirk.
But I'm sure it suits Allforone to say it's because I don't support the club or something. Never underestimate people and their agendas...
Well you should be in for good news there... I'd be flabbergasted if United somehow failed to secure a massive shirt sponsorship deal when it's up for renewal.
I think cautious optimism at that one. On the face of it, great news as you say, but let's make sure that it's clearly not from a loan secured against the club first, that's if they can get away with a second lien loan against the club after the bond.
The deal's hardly surprising though. We sell shirts, we're the biggest club in the country, top three in the world for merchandising and a marketeer's dream, especially with the Glazers pushing the brand further than ever. As long as people consider that it's not all extra income. It's the annual difference between £25m + inflation and whatever we get from the next deal that's "new money". I'd expect a much bigger sponsorship deal from the Middle East once the Aon one's up too.
Well quite. There seem to be some people on here who don't think that the question of how they were paid off is a valid one, when in actual fact I'd say it's essential, regardless of anybody's general view on the situation, or "agenda".
The potential shirt deal is a lot more straight forward!
These Qatari rumors aren't going away, it seems.
Gulf Times ? Qatar?s top-selling English daily newspaper - First Page
Gulf Times ? Qatar?s top-selling English daily newspaper - First Page
The doom and gloom of these past five years seems to be on a distinct decline, thank feck. I see some are still sticking to their antique guns though:
"We're doomed!"
"Doesn't look likely, mate, looks like you were wrong all along. "
"Shut up! We COULD still be doomed! You don't know that we're NOT doomed for certain! We're doomed!"
"Erm... really doesn't look like it though, eh?"
"Everybody panic!!!"
*ignore*
"We're doomed!"
"Doesn't look likely, mate, looks like you were wrong all along. "
"Shut up! We COULD still be doomed! You don't know that we're NOT doomed for certain! We're doomed!"
"Erm... really doesn't look like it though, eh?"
"Everybody panic!!!"
*ignore*
Yes Im mostly on 'Ignore' mode nowadays, there is nothing left to prove.
Have we established if the PIKs were paid off with money not secured against United?
At least you got the right thread this time
The source of PIK repayment is as yet unknown.
At least you got the right thread this time
The source of PIK repayment is as yet unknown.
Posts that like only enhance your reputation.
I see ciderman is still so dismissive of opponents without knowing all the facts. Like I said, cautious optimism. On the face of it, it's good news but let's see where the money has come from first. Let's see what squad improvements are made over the next couple of windows too.
Maybe uncle Malc had a pot shot on 17 black and come up trumps?
We are top of the league with game(s) in hand on our major rivals. I for one, hope we don't go splashing out silly money despite the massive overreaction that will occur in here.
I'd like to see Beckham in as cover for Park and Valencia. He'd be a big boost, hit the ground running and be a commercial success, probably bringing in more money than he'd cost. City fans would dismiss him as a spent force while he'd ping balls on to Rooney's head and we'd go and win #19.
Then get Ronaldo back in the summer. Job done.
Posts that like only enhance your reputation.
I see ciderman is still so dismissive of opponents without knowing all the facts. Like I said, cautious optimism. On the face of it, it's good news but let's see where the money has come from first. Let's see what squad improvements are made over the next couple of windows too.
In my eyes, it is good news regardless of the source, and more to the point, it clearly blows away some of the theories that were previously put forward by several 'opponents'. But yes we would need to understand the full details to get the big picture.
It's not necessarily good news though. Until we get the full details, I think we should exercise caution at the potentially great news. I don't think there should be a Grim Reaper style hunt as to the source of the funds but we certainly shouldn't get too giddy just yet.
Too late, I'm overcome with giddyness already
What about the story Anders put up on his blog regarding Red Football issuing equity (to someone) and that this could have been the source of funds to repay the PIK debt ? Has that been explained.
In any event why the secrecy ? Why not let us know what is going on ?
In any event why the secrecy ? Why not let us know what is going on ?
None of your business mate, you're just a consumer. Get back in your box and buy a replica shirt.
Because thats just how they roll!
The Glazers were infamous for their secrecy even before getting invovled with United - to be fair, it is pretty normal for HNW types to want to keep their affairs private.
At the moment the thing on Anders blog doesnt mean a lot - we have to wait and see.
BTW has anyone noticed that anders doesnt come here much anymore? I wonder why
It's their personal debt, it really is none of our business.
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