Now Andersred and MUST can devote themselves to endless analysis of the United share price (on Sky News and anywhere else that will have them). Every little drop in price will mean that the "end" of the Glazers is close.
ALL issues relating to the bond issue and club finances
- Thread starter sammsky1
- Start date
- Status
Now Andersred and MUST can devote themselves to endless analysis of the United share price (on Sky News and anywhere else that will have them). Every little drop in price will mean that the "end" of the Glazers is close.
I remember when the bond issue was going on and many sources were reporting lack of interest and that it was going to fail - in the end it was well oversubscribed!
Although I must say that even I wasnt sure how this one would go, the high valuation coupled with the lack of voting rights and weak markets does not make it an easy sell. All the more impressive if they manage to pull it off.
The Chevrolet deal was perfectly timed. That probably swung it for them.
Sky were reporting this as an imminent disaster last week, with their man on analysis laughing at the idea United would be able to sell shares due to the valuation and voting rights. Good work there.
My understanding of MUST statement is different.
"We welcome commercial income - but we want that income to benefit our football club and not skimmed off by the Glazers."
As a mission statement, it's real head in the clouds stuff. There's not a football club on the planet that doesn't have at least some income "skimmed off" by the owners (whether that be shareholders getting dividends, or whatever)
It's also never once happened in the history of MUFC. Why would it start now?
Does not make it right.
Anyway, I'm not against Glazers taking money out of the club. It's a right of any investor. My issue is the large amounts which has gone out of the club in relation to their investment.
It's the same issue that bothers every fan, I'm sure.
It's just hard to get behind a group representing the fans which has such poorly defined and unachievable aims.
There's another thread for this discussion though...
It's just hard to get behind a group representing the fans which has such poorly defined and unachievable aims.
There's another thread for this discussion though...
Yup.
So basically it all continues as per.
The Glazer's strengthen their grip, MUST continue to claim end of the world, and the rest of us just look on in sadness as the state of affairs at our great Football Club.
Sad.
The Glazer's strengthen their grip, MUST continue to claim end of the world, and the rest of us just look on in sadness as the state of affairs at our great Football Club.
Sad.
what and how much money is 'skimmed' of by the socios at barca and madrid and the ownership at bayern?
Genuine question like.
So the IPO is subscribed?
Not sure where to post this bit of art work from the nursery class of MUST...
Not sure where to post this bit of art work from the nursery class of MUST...
Is that a genuine MUST poster Marching? Has to be a wind up surely? Who on earth approved that to be released?
surely that is a joke, i can't imagine MUST officially releasing that
That Bloomberg article: http://www.businessweek.com/news/20...-said-to-get-enough-orders-for-all-ipo-shares
No joke. It's a MUST viral infographic attacking Glazers’ mufc float from their website.
You couldn't make the comedy value up.
As part of its continuing pressure on the planned Glazer family New York IPO MUST - The Manchester United Supporters Trust has released an INFOGRAPHIC highlighting some of the hard financial facts surrounding the IPO and Glazer ownership of Manchester United in general.
Key facts and figures are bought to life visually and graphically.
A spokeman for MUST commented,
"This is a highly effective way of getting across some of the negative aspects of the Glazer's ownership and the IPO in general - and though the presentation is light hearted this is no laughing matter for Manchester United's global fan base".
"This is just another way of telling the story that the Glazers' New York flotation plans for Manchester United are bad news for investors, the club and fans and demonstrate just how much ownership by the Glazer's has cost the club".
"We had to tone it down a little - some of the ideas we thought about were incredibly popular with the development team but probably not totally in good taste"
"The facts alone are disgusting enough for any red to the core United fan and we must do all in our power to defend our club against the consequences of this flotation plan".
You couldn't make the comedy value up.As part of its continuing pressure on the planned Glazer family New York IPO MUST - The Manchester United Supporters Trust has released an INFOGRAPHIC highlighting some of the hard financial facts surrounding the IPO and Glazer ownership of Manchester United in general.
Key facts and figures are bought to life visually and graphically.
A spokeman for MUST commented,
"This is a highly effective way of getting across some of the negative aspects of the Glazer's ownership and the IPO in general - and though the presentation is light hearted this is no laughing matter for Manchester United's global fan base".
"This is just another way of telling the story that the Glazers' New York flotation plans for Manchester United are bad news for investors, the club and fans and demonstrate just how much ownership by the Glazer's has cost the club".
"We had to tone it down a little - some of the ideas we thought about were incredibly popular with the development team but probably not totally in good taste"
"The facts alone are disgusting enough for any red to the core United fan and we must do all in our power to defend our club against the consequences of this flotation plan".
They are a bunch of idiots.
Too many factual errors to single out any one, but the US politician's quote complaining that the IPO is creating jobs in the UK...beyond the fact that Mike Oxley clearly knows nothing particularly relevant to the club, why is that even on there?
if they are 'sold out' can they simply extend it and sell some more?
Wow. Just wow.
Propoganda at it's very finest right there.
Propoganda at it's very finest right there.
They can certainly sell more of their ownership as new shares if the demand is there, but somebody else can perhaps answer whether they can do it as part of this IPO or need to wait until after.
Nah they'll wait a bit more and hope more bids come in at the higher end of their valuation plus as charleysurf says they might look to see a few more of their shares if the demand is there.
Thats assuming the story's accurate and not a deliberate leak to stimulate demand.
The biggest negative thing that the Glazers have done is put the ticket prices up well over and above inflation.
The money that they have taken out of the club needs to be tempered against the money that they've brought into the club. Longer term they'll have brought the club kicking and screaming away from the Pete Kenyon model to one that makes a lot more money commercially while still needing to be successful on the pitch to keep the juggernaut rolling. This obviously can be achieved longer term with lower debts to give SAF/new manager the means to compete in the market.
The money that they have taken out of the club needs to be tempered against the money that they've brought into the club. Longer term they'll have brought the club kicking and screaming away from the Pete Kenyon model to one that makes a lot more money commercially while still needing to be successful on the pitch to keep the juggernaut rolling. This obviously can be achieved longer term with lower debts to give SAF/new manager the means to compete in the market.
Not sure if the below has been posted but the Times have picked up on this too...
James Ducker @DuckerTheTimes
#MUFC facing soaring demand for shares in IPO/received enough orders for all shares/due to trade on NYSE on Fri http://thetim.es/MuReqr (£)
James Ducker @DuckerTheTimes
#MUFC facing soaring demand for shares in IPO/received enough orders for all shares/due to trade on NYSE on Fri http://thetim.es/MuReqr (£)
Just got to say that ticket inflation has happened at EVERY club, and United's not at the top of that.
According to the times, roadshows have been over subscribed and they have recieved enough orders for all shares to be sold. They still haven't done roadshows in the US yet.
just curious, who all is buying shares when they float and how much? 1000 USD? 2000 USD?
They are estimated to go between $16-$20 a share, but as the float seems to be very popular, they may go for more. Who knows who's buying them though.
They can't. There is a promoter lock in period, though I don't exactly know the technicalities of Sabranes Oxley in the US.
General public, institutions, funds etc. For 16-18 USD each.
no; i meant who on the caf is going to call their broker or get on their preferred trading platform and purchase shares after the IPO and how much of your portfolio do you plan to allocate towards the purchase.
Not on the scale we've had it. Other clubs have dropped tickets.
While you may be a Glazer apologist, you cannot defend their ticketing policy at all. Whoopie do, they've kept prices frozen. That's simply because they know they've reached a critical point on the price elasticity of demand graph and can't put them any higher. They put them up ridiculous amounts in the first few seasons and now claim they're wonderful because they haven't put them up since. Except match tickets have gone up this season for non-ST holders.
We're now seeing season tickets and match tickets on open sales but you keep believing what you want.
Actually I can justify it.
I believe in the free market.
Old Trafford is sold out for every PL game at the price. This means that demand is high enough for even higher prices.
So you're happy to screw the fans over by putting prices up until they walk away?
Where do we stand compared to other clubs in the EPL? Or compared to other European clubs?
*ticket prices
*ticket prices
Always puzzles me this ticket price question....MU fans moaning they pay more than some other clubs when they have the privilege of watching the cream of world football in one of the best stadiums. 
Try being a Leeds fan in div 2...STH paying £711 to sit in the East Stand Lower...go upstairs and it's £752! A parent and his child are paying £750 a season!
MUFC can't win can they...the fans want the best players etc but moan when they have to pay for it. Take a look at the list below to see who's paying more and maybe you'll realise you're pretty lucky really.
Wigan tickets +2%
City +9%
NUFC +5%
Everton +3%
Scumderland +5%
Norwich +11%
WHU +16.6%
Spurs +4-6%
Swansea +10.4%
MUFC Prices frozen
WBA are the only club to cut prices.
Try being a Leeds fan in div 2...STH paying £711 to sit in the East Stand Lower...go upstairs and it's £752! A parent and his child are paying £750 a season!
MUFC can't win can they...the fans want the best players etc but moan when they have to pay for it. Take a look at the list below to see who's paying more and maybe you'll realise you're pretty lucky really.
Wigan tickets +2%
City +9%
NUFC +5%
Everton +3%
Scumderland +5%
Norwich +11%
WHU +16.6%
Spurs +4-6%
Swansea +10.4%
MUFC Prices frozen
WBA are the only club to cut prices.
Always puzzles me this ticket price question....MU fans moaning they pay more than some other clubs when they have the privilege of watching the cream of world football in one of the best stadiums.
Try being a Leeds fan in div 2...STH paying £711 to sit in the East Stand Lower...go upstairs and it's £752! A parent and his child are paying £750 a season!
MUFC can't win can they...the fans want the best players etc but moan when they have to pay for it. Take a look at the list below to see who's paying more and maybe you'll realise you're pretty lucky really.
Wigan tickets +2%
City +9%
NUFC +5%
Everton +3%
Scumderland +5%
Norwich +11%
WHU +16.6%
Spurs +4-6%
Swansea +10.4%
MUFC Prices frozen
WBA are the only club to cut prices.
There is no such thing as perspective in football fans. Ask United fans about their horrible season where they only came second in the league.
Here are the season ticket prices (taken from roughly the same source as Marching's post):
http://www.guardian.co.uk/football/2012/may/22/premier-league-ticket-prices-2012-13
http://royalsrendezvous.co.uk/topic/9562200/1/ (the figures on this website are taken from the link above, but shown in a better format)
Always puzzles me this ticket price question....MU fans moaning they pay more than some other clubs when they have the privilege of watching the cream of world football in one of the best stadiums.
Try being a Leeds fan in div 2...STH paying £711 to sit in the East Stand Lower...go upstairs and it's £752! A parent and his child are paying £750 a season!
MUFC can't win can they...the fans want the best players etc but moan when they have to pay for it. Take a look at the list below to see who's paying more and maybe you'll realise you're pretty lucky really.
Wigan tickets +2%
City +9%
NUFC +5%
Everton +3%
Scumderland +5%
Norwich +11%
WHU +16.6%
Spurs +4-6%
Swansea +10.4%
MUFC Prices frozen
WBA are the only club to cut prices.
Those figures don't mean much in isolation. It's the absolute cost that affects fans, not the annual increase.
I think tickets probably were under-priced compared to United's rivals but they've gone too far the other way now. Hence they've had to freeze the price, or risk empty seats.
- Status