It's past your bed time. We'll tell you tomorrow.
ALL issues relating to the bond issue and club finances
- Thread starter sammsky1
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It's past your bed time. We'll tell you tomorrow.
hehe
It makes the value of the club higher meaning if we ever issue any more shares we'll get more money for them. Whether that's a good thing or not depends on whether you're happy with the current owners, it doesn't look like they're going anywhere for a long time.
Another couple of sponsorships today
http://www.manutd.com/en/News-And-Features/Club-News/2013/Jan/manchester-united-partnership-with-china-construction-bank-ccb.aspx
http://www.manutd.com/en/News-And-Features/Club-News/2013/Jan/manchester-united-announces-new-partnership-with-wahaha-in-china.aspx
Doing a bloody good job of whoring ourselves round the world
http://www.manutd.com/en/News-And-Features/Club-News/2013/Jan/manchester-united-partnership-with-china-construction-bank-ccb.aspx
http://www.manutd.com/en/News-And-Features/Club-News/2013/Jan/manchester-united-announces-new-partnership-with-wahaha-in-china.aspx
Doing a bloody good job of whoring ourselves round the world
I have never really looked into the bond/financial issues and stuff properly, as a lot goes over my head, however I appreciate the higher the stock price, the higher the value of the company = good, how would I be able to see our stock prices?
Also, I can appreciate making deals is positive, but how do the numbers quoted, for example the deal with Chevrolet, why is it particuarly good? Purely because of the amount of money they are paying us to advertise their brand?
Also, I can appreciate making deals is positive, but how do the numbers quoted, for example the deal with Chevrolet, why is it particuarly good? Purely because of the amount of money they are paying us to advertise their brand?
Imagine a soft drink partner in every country, a banking partner in every country, Airline, Games,Beer, Tyres and 5-6 other things in every country.
By the rate we going it possible in few years.
By the rate we going it possible in few years.
We have around 40 sponsors around the world including main ones like Chevrolet, Nike etc.
Arsenal have 12.
Liverpool have 19.
Chelsea have 21.
Man City have 15 out of which I am sure 5-6 are linked to the owners.
Arsenal have 12.
Liverpool have 19.
Chelsea have 21.
Man City have 15 out of which I am sure 5-6 are linked to the owners.
I quite want to try this wine we sponsor. Any idea where you can get it?
I'm a bit of an innocent with regard to corporate finance, sponsorship deals and the like. At what point does the number of companies that sponsor us start to dilute the amounts they're willing to offer for the privilege? I mean, I know we limit ourselves to one sponsor per industry in each territory, but if we start to rack up ten or more sponsors in the same country, doesn't it somehow diminish the value of each individual deal? It would be like the Olympic sponsorship this summer, when every advert on TV seemed to be followed by the 'sponsor of the London 2012 Olympics' bit.
Or is this literally an untapped financial resource which we're the first club to really exploit in this way?
Or is this literally an untapped financial resource which we're the first club to really exploit in this way?
I dont think there is any scientific answer to that question Brightonian. I mean, as with anything, the value of something is how much someone is willing to pay for it. So at what point do we reach that situation you mentioned? I am sure it would be reached if we kept on sponsoring everything we come into contact with. But exactly when will be determined by the execs at the companies we are speaking to. When they say, we arent paying you £Xm for this deal when you have umpteen other deals already. Until then, happy days.
You have to admire it. The Glazers always said they would be able to extract more value from the club than the PLC did, and pay off the debt, but I never thought they would be able to do as much as they have done. It fills me with pride and admiration that I can say with some conviction, not only are we the best and most successful football team in the country on the pitch, but we are the most accomplished at whoring ourselves out for money too.
You have to admire it. The Glazers always said they would be able to extract more value from the club than the PLC did, and pay off the debt, but I never thought they would be able to do as much as they have done. It fills me with pride and admiration that I can say with some conviction, not only are we the best and most successful football team in the country on the pitch, but we are the most accomplished at whoring ourselves out for money too.
Well yes, I'd sort of got that far myself. Obviously there's no cut and dried answer. But I was wondering if anyone with any expertise in the area might be able to suggest some kind of threshold, if there is one.
I have to say it doesn't really bother me. I've always thought that the club as a footballing entity is what matters to me, and what the money men do with themselves has little influence on how I see my club. I don't feel any differently about the team just because the Glazers are whoring the brand out in order to pay off the debt (and line their pockets). If they paid off the debt and started to pour all this money into the team I'd have some reservations, even though it would still be a step more respectable than City's lottery win. And conversely if the team started to suffer because of some aspect of our financial strategy, that would be a problem too. But while this finance is being used to deal with financial obligations, it's all good with me.Well yes, I'd sort of got that far myself. Obviously there's no cut and dried answer. But I was wondering if anyone with any expertise in the area might be able to suggest some kind of threshold, if there is one.
Fair enough, as you were then, my answer is I am no expert in this field so Ill let someone else answer. And as for your second para, I dont let it interfere with my view of the team on the pitch either. My main emotion is relief that any concerns I had about the impact it would all have on the team are gradually dissipating. As for us being the best whores on the strip, I jest about it but it doesnt bother me that much, to be fair it has been true since the 90s so I have had plenty of time to get used to it.
A bigger problem would be if United stop competing for the big prizes. That would kill sponsorship more than "saturation".
But Liverpool still do pretty well in fairness.
I was in Singapore a while back and a big electronics chain went big on a tie-up with LFC.
What's the reason behind the sudden rise the past day(s)? Is it the market's response to our new deals globally?
Is it possible Glazers could be getting alot of this money up front like they did with the Cevorlat deal just so they can sell up and feck off with all the money?
No they have shareholders now, every penny will be accounted for. It is the plc's money now not theirs.
For those that want a rough idea of how the debt will go down over the next few years.
Note the seismic increase in revenue - £320m (2012) to £360m (estimate) this year and £443m (estimate) in 2014. Chevrolet and the improved tv rights accounting for a lot of that of course.
Bloody hell... they're expecting considerable EBITDA increases in 2014. Every agent attached to our players is going to be looking at that and saying "no f*cking chance mate... we're taking that slice". The wage inflation has been huge and that's bound to continue with a relatively young squad as we have now. Can't see how they are expecting to increase margins like that.
The Nike renewal is just around the corner as well (2015). I'm by no means a financial expert, but from what I've read our next deal is going to blow everything out of the water. French football federation is getting £40m a year, I think ours will be closer to £50-60m ...
How the Glazers got away with all of this I will never know, but it looks increasingly likely the debt will be gone soon?!
How the Glazers got away with all of this I will never know, but it looks increasingly likely the debt will be gone soon?!
For those that want a rough idea of how the debt will go down over the next few years.
Note the seismic increase in revenue - £320m (2012) to £360m (estimate) this year and £443m (estimate) in 2014. Chevrolet and the improved tv rights accounting for a lot of that of course.
So expected to be debt free by 2016? And doesn't the bond issue mature in 2017?
Thinks that's when we'll see the Glazers sell.
For those that want a rough idea of how the debt will go down over the next few years.
Note the seismic increase in revenue - £320m (2012) to £360m (estimate) this year and £443m (estimate) in 2014. Chevrolet and the improved tv rights accounting for a lot of that of course.
That looks really promising, LondonRed. A lot more positive than I thought. Once that debt has gone, we'll be in a really strong position. Thank God Fergie has been around these last few years.
For those that want a rough idea of how the debt will go down over the next few years.
Note the seismic increase in revenue - £320m (2012) to £360m (estimate) this year and £443m (estimate) in 2014. Chevrolet and the improved tv rights accounting for a lot of that of course.
Wow! I've always been an optimist on United's long-term financial prospects, but that graph is mind blowing. In a mere 4 years revenues projected to increase to over £500M and profits to rise to over £200M. And people will owe us money rather the other way round.
Better keep Magnier and McManus off the internet for the next few years. If they ever see that projection, they'll commit hara-kiri. Despite the universal belief in financial circles that they'd gotten a very good price 6 years ago, they seem to have sold rather cheap.
According to that forecast, there won't be any bond issue to mature.
And why would they sell? Where are they going to find a more profitable place to put their money?
I think we might see a 10-12 % less than the projected figures.
Anyways with the new Nike deal, the Chevrolet deal, the new training sponsors , if we had our own TV deal, just imagine.
Anyways with the new Nike deal, the Chevrolet deal, the new training sponsors , if we had our own TV deal, just imagine.
Any future predictions of revenue are assuming continued CL participation I guess.
Indeed.
Yeah, but I just can't see anyone challenging us finishing in the top 3. Bar another sugar daddy coming around, Arsenal, Spurs, Everton, Liverpool et al. are miles behind City, Chelsea and us. It would take a collapse of gigantic proportions for us now to finish outside the Champions League qualification spots, as our squad is simply that good.
Hopefully Fergie is there till 2016.
I've wondered why Chelsea are supporting the new financial restrictions proposed for the Premiership. I guess they believe they're riding the same gravy train, and they truly can break even in the next few years.
Are they actually supporting the new regs? IIRC i read that they arent supporting the regs? Them, City and Fulham i think.
This article http://bleacherreport.com/articles/1483985-premier-league-financial-fairplay-might-not-be-fair-but-whats-the-alternative says Chelsea are against the new rules, but earlier reports definitely said they were in favour.
I wonder if the bump on interest caused by Chevrolet's new Corvette has had a slight positive affect on our share prices. It's sparked massive interest in Chevrolet as a brand and they're linked to us pretty heavily.
For those that want a rough idea of how the debt will go down over the next few years.
Note the seismic increase in revenue - £320m (2012) to £360m (estimate) this year and £443m (estimate) in 2014. Chevrolet and the improved tv rights accounting for a lot of that of course.
Was the prediction released by the club? Source?
You can see the source on the image in the bottom right.
I know but I was looking for the specific link? Was it projected by the club itself?
Why do you expect that to change anytime soon?
Im no financial expert so would someone mind explaining EBITDA? Also who produced this graph? Was it Glazers or someone on the outside doing guess work? Oh and what do they mean by leverage, leverage in relation to what? What is effecting that to go down?
This article http://bleacherreport.com/articles/1483985-premier-league-financial-fairplay-might-not-be-fair-but-whats-the-alternative says Chelsea are against the new rules, but earlier reports definitely said they were in favour.
Articles from the Bleacher Report are as reliable as posts written on here, probably less so. It's just a fan website.
No definitely not. Taken from an analyst/broker report I imagine, was just sent it at work.
As Cold_Boy said, even assuming a 20% margin of error in 2016 (it is after all a long way off and we have a lot of big sponsorhip deals to renew that one can only estimate at this stage) then it looks pretty healthy.
Going to be a cash cow by 2016 - but with an added caveat that these figures assume NO dividends to be paid out in the interim. Clearing £100m+ cash at bank not including player sales screams dividends. I have a feeling any anti-glazer sentiment will die down and then come back with a vengeance when that happens.
Regardless, love them or hate them they clearly know how to run the club. I'm sure they wouldn't be stupid enough to pay dividends to the extent that it sacrifices or impacts on the on-pitch performance and that situation really wouldn't be any different to the pre-Glazer plc model anyway.
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