ALL issues relating to the bond issue and club finances

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peterstorey said:
Well at least he didn't piss away £M on the likes of Anderson, Hargreaves, Berbatov and Young.
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winning trophies gives a manager a bit of slack doesn't it?

Anderson: 3 league titles and a champions league.

Owen Hargreaves: league title and champions league before tendinitis pretty much ended his career.

Berbatov: 2 league titles- top scorer in the league when we won one, probably wouldn't have won it without him.

Young: average squad player who does a good job for the team, and can chip in with goals and assists over the course of a season (when he's not as out of form as he is at the moment/recovering from injury)

Winning trophies is ultimately what the game is about for clubs like United and Arsenal. If you are happy to say to yourself that it's fine to buy poorly because United do too, even when we still win trophies fair play to you.
 
peterstorey said:
Young's been crap all season and I've just seen Giroud being a good deal better than Berbatov in a head to head. Basically the Man Utd quartet was £90M of flop.
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Shooting yerself in the foot there, mate, by using that game as an example of Berba's lack of quality. Giroud, in fairness, was good too. Sir doesn't always get it right, just often enough for us to win shitloads of trophies and destroy lesser teams by..say...8 goals to 2.
 
Sir A1ex said:
This is where I get a bit lost. What pressure is there on the Glazers to pay a dividend, however big the profit? The shares don't even carry voting rights, what's to stop the Glazers just telling the shareholders where they can stick their dividend?
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I'd like to think the Glazers will want to offer more shares out in the future so would be sensible to provide dividends to current shareholders to entice future buyers.
 
Sir A1ex said:
This is where I get a bit lost. What pressure is there on the Glazers to pay a dividend, however big the profit? The shares don't even carry voting rights, what's to stop the Glazers just telling the shareholders where they can stick their dividend?
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The 'A' shares do carry voting rights - the 'B' shares just carry more (10 votes per share).

Sir A1ex said:
But the Glazers have already demonstrated that there are plenty of ways for them to withdraw money form the club other than dividends.
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It's more difficult for a majority shareholder to take funds out of a public company than for the owner of a private company to do so.

roseguy64 said:
I'd like to think the Glazers will want to offer more shares out in the future so would be sensible to provide dividends to current shareholders to entice future buyers.
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We're a public company now, owned by the shareholders - and the Glazers hold 90% of the shares. Money gets to the shareholders by way of dividends, which we will undoubtedly start paying eventually. Under the plc we paid out 35% of profits after tax in dividends (just shy of 5% of total revenue). On that basis we could expect dividends to be £18m or more per year going forward - assuming we get up to £360m in revenue this year. Now [dividend payment is] not likely to happen until all (or most) of the debt is gone, but after that it's almost certain. In the absence of further share sales, 90% of dividends paid will go to the Glazers. As to whether paying dividends would make future share sales more attractive, I doubt if it would make much difference one way or the other.

[Edited for clarity]
 
Elliott said:
Shooting yerself in the foot there, mate, by using that game as an example of Berba's lack of quality. Giroud, in fairness, was good too.
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Olivier gave a masterclass in why you wouldn't want to take Berbatov.
 
Sure. Whatever makes you feel better for not including him in the Robin deal, mate.
 
peterstorey said:
You didn't watch the game, so you don't know what the feck you're on about.
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Regardless of that one game, you surely can't be arguing that Giroud has had a better start to the season than Berbatov? Berba is one of the league's flying strikers, whereas Giroud's very slow start has been well documented.

Just for reference (from WhoScored): Berbatov has 5 goals and 3 assists in 6 starts, Giroud has 4 and 2 in 9.

Anyway, it's all horribly off topic. FINANCES. They look better than they did before. This is cause for celebration.
 
Is Peter still running with this "our players are better than yours, we always spend our money more wisely, you's have wasted a feck-ton of money, doesn't matter that we win feck all" shtick?

And people are still biting?
 
Brightonian said:
Regardless of that one game, you surely can't be arguing that Giroud has had a better start to the season than Berbatov? Berba is one of the league's flying strikers, whereas Giroud's very slow start has been well documented.

Just for reference (from WhoScored): Berbatov has 5 goals and 3 assists in 6 starts, Giroud has 4 and 2 in 9..
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Berbatov has been in the league for 8 years and flopped horribly at a top 4 club. Giroud has been here for 2 months gave a fantastic display in that game.
 
peterstorey said:
Berbatov has been in the league for 8 years and flopped horribly at a top 4 club. Giroud has been here for 2 months gave a fantastic display in that game.
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Berbatov helped us win a record-breaking league title. But congratulations, Giroud's finally managed to help you win a match. :wenger:

WUM as hard as you can, we're ultimately just discussing the difference between United's trophy record over recent years and Arsenal's. Which is always a topic I enjoy.
 
Really, Pete is the poster I understand less that anyone else.

Is he always on WUM or actually he really believes what he says?
 
Score 2 goals in a match and your a arsenal hero :lol:
 
Sir A1ex said:
Also from the same newbie (your mailbox is full, btw):
We're getting $18.6m each for this year and next before it kicks to £70m.

Only July 26, 2012, consistent with our strategy to grow our global sponsorship revenue, we entered into an agreement with General Motors for Chevrolet to become our exclusive shirt sponsor, beginning in our 2014/15 season. The term of the agreement runs through the end of the 2020/21 season. Annual revenue from our new shirt sponsorship agreement will be $70.0 million in the first season, and will increase by an additional 2.1% in each season thereafter through the term of the agreement. We will also receive approximately $18.6 million in fees in each of the 2012/13 season and 2013/14 season under the terms of our new shirt sponsorship agreement. Total revenue payable through the end of the 2020/21 season under our new shirt sponsorship agreement is approximately $559 million.
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Link didn't work but I think the numbers are as follows (US$ = GB0.63):

Year - Dollars - Pounds
2012 - 18.6 - 11.7
2013 - 18.6 - 11.7
2014 - 70.0 - 44.1
2015 - 71.5 - 45.0
2016 - 73.0 - 46.0
2017 - 74.5 - 47.0
2018 - 76.1 - 47.9
2019 - 77.7 - 48.9
2020 - 79.3 - 50.0
Total - 559.2 - 352.4
 
RedCanuck said:
Link didn't work but I think the numbers are as follows (US$ = GB0.63):

Year - Dollars - Pounds
2012 - 18.6 - 11.7
2013 - 18.6 - 11.7
2014 - 70.0 - 44.1
2015 - 71.5 - 45.0
2016 - 73.0 - 46.0
2017 - 74.5 - 47.0
2018 - 76.1 - 47.9
2019 - 77.7 - 48.9
2020 - 79.3 - 50.0
Total - 559.2 - 352.4
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That's an eye watering deal. Thanks for the details.
 
Will we ever see it the whole way through? Surely the worry must be that Chev will try to wiggle out of the deal in a year or two?
 
Irwinwastheking said:
Will we ever see it the whole way through? Surely the worry must be that Chev will try to wiggle out of the deal in a year or two?
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Why would they want to get out of it? The United shirt sponsor is renting one of the most valuable pieces of advertising real estate in the universe.

Remember also that Chevy signed on to become United's official car or whatever - replacing Audi.
 
Manchester United announce four-year sponsorship deal with Turkish bank Denizbank


Premier League giant Manchester United have announced a new four-year sponsorship agreement with prominent Turkish bank Denizbank.

The agreement will see the club's first financial product launched in Turkey as the deal gives Denizbank exclusive rights to offer the official Manchester United Credit Card.

The unique Manchester United and Denizbank branded credit card will offer cardholders a number of attractive incentives and benefits, including discounts at the Club's Red Café and Museum and Tour as well exciting competitions, officials claimed.

To celebrate these great 'saves' Manchester United goalkeeping legend Peter Schmeichel attended a press conference in Istanbul ahead of the team's Champions League clash against local team Galatasaray tomorrow

"This is the eleventh sponsorship to be announced by the club so far this season which demonstrates not only the strength of the Manchester United brand but also our desire to engage with our fans through our global network of likeminded businesses," said
Manchester United commercial director Richard Arnold.

"Denizbank has over 11,250 employees and now has 610 branches across Turkey, opening 10 new branches within the first six months of this year.

"Much like Manchester United, Denizbank's rapid and continuous growth demonstrates its aspiration for success.

"The company shares many of United's core values and I am confident this will be a very successful partnership, bringing a fantastic product to our Turkish fans."

There are an estimated 9.5 million Manchester United followers in Turkey, who Denizbank will be hoping to lure with the branded credit card.

Denizbank, which was first established in 1938 in Istanbul, has been controlled by the French-Belgian bank Dexia since May 2006.
 
Club shares are now trading at $14.33, and therefore above the original issue price.

And some 'experts' expected them to drop to $5!!!!
 
We can easily afford Ronaldo now. We could even put in a cheeky bid for Emile Heskey. Happy days.
 
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