Stock Price up to 15.29 Good signs
ALL issues relating to the bond issue and club finances
- Thread starter sammsky1
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Would i be right in assuming this is because the stock holders or people that have invested will be due payouts if we make a profit? Or have i understood dividends incorrectly?
The Glazers can pay or not pay dividends as they choose.
Politics will play a big role. I suspect the owners are wary of the fans damaging the club's brand by kicking up another public fuss.
We have a Official Paint Partner now. 
http://www.manutd.com/en/News-And-F...w-partnership-with-kansai-paint-of-japan.aspx
http://www.manutd.com/en/News-And-F...w-partnership-with-kansai-paint-of-japan.aspx
In fairness as much as I despise the Glazers they have taken up to a whole new level in commercial terms.
I'm surprised we haven't got more Japanese partners on the back of Kagawa transfer.
Can paint Kagawa different colors each game and replay our debts ?
I'd love to know how much these 'smaller' deals are worth.
Mamee - The official noodles partner of Manchester United for Asia, Oceania and the Middle East?
That is possibly my favourite one of the lot...official noodles partner. Incredible
Mamee - The official noodles partner of Manchester United for Asia, Oceania and the Middle East?
That is possibly my favourite one of the lot...official noodles partner. Incredible
Credit has to go to the Glazers.. They really have taken the commercial side of the club to another level - hats off to them for that. What will be really interesting is what will happen when the debt is finally cleared, will they milk it for all it is worth? Take out another loan secured against the club? Buy us Messi? ( )
)Isn't Smirnoff our "Drink Responsibly Partner"? I like that one better. Although a Noodles Partner isn't too shabby either.
If we still had Ronaldo, we'd be even more unstoppable from a marketing perspective. If we managed to get our hands on Neymar, it would be a great signing on and off the pitch I reckon. He's the new Brazilian superstar, next generation face of Nike too. If he goes to a club with charisma like ourselves, Barca or Real - he'd make them a shitload of money.
Credit has to go to the Glazers.. They really have taken the commercial side of the club to another level - hats off to them for that. What will be really interesting is what will happen when the debt is finally cleared, will they milk it for all it is worth? Take out another loan secured against the club? Buy us Messi? (
Why would they take out another loan? What does 'milk it for all it is worth' mean?
The Glazers now own a highly profitable business with excellent growth prospects. There's no reason to change tack when the (increasingly irrelevant) debt finally disappears. They'll continue to work to increase revenues and profits.
When/if the new financial regulations emasculate the sugar daddies, United could assume an even more dominant position - certainly in the Premier League - than they did in the pre Abramovich/Sheik era.
EBITDA is an approximate measure of the club's profit on operations before allowance is made for finance charges (interest, etc) and the buying and selling of players. It's a useful guideline to the amount of spendable cash that the club is throwing off (although if you're actually looking at the club's financials, the Statement of Cash Flows is much better).
The graph was produced by outside analysts using public information on future revenues (together with guesswork on the renegotiated Nike deal) and projections of the growth of expenses and the paydown of the debt.
Leverage is the relationship between debt and another financial variable - most commonly equity. In this case they are looking at debt vs. EBITDA. As the amount of debt outstanding goes down (and as EBITDA goes up) the ratio of debt to EBITDA will go down. When the debt is fully paid down, the ratio will fall to zero.
Credit has to go to the Glazers.. They really have taken the commercial side of the club to another level - hats off to them for that. What will be really interesting is what will happen when the debt is finally cleared, will they milk it for all it is worth? Take out another loan secured against the club? Buy us Messi? (
Yes a certain amount of kudos should go to them for addressing the commercial arm, although it's ultimately all for their benefit long term. This trend was definitely required to keep us competitive in the transfer market.
To be fair though the real credit must go to the shit-talking suits who pull of these "partnerships." They are earning their bread...and butter to go with it.
Where do you see the excellent growth prospects coming from?
The new TV deal is great news. Maybe it will go up next time too but that won't be for four years now.
The Chevy deal is the one thing I think they have done that is impressive in comparison with what our rivals (Real, Barca, Bayern) do. But that is a long-term deal so no growth potential there.
Certainly not match day revenues.
The new TV deal, Chevy will definitely make a massive impact for next year but these are the key deals for us and the subsequent years will surely not see as sizeable increases.
They will have an asset the size of Manchester United without virtually paying a penny for it, I'd say that's not too shabby.
The Nike deal is still up for renewal. Won't be surprised if it's a record breaking deal.
Yeah, the Nike deal will be record breaking probably.
And then we terminated the Training kit sponsorship too with DHL, to find something better no ?
And then we terminated the Training kit sponsorship too with DHL, to find something better no ?
The leisure industry is bound to grow in the future as people worldwide have more and more disposable income to spend. Sport is well placed to cut a big slice of that. Football is the world's biggest sport. Manchester United arguably football's biggest brand.
Look at the growth in revenues in the premiership era - a continuously upward graph. And the last six years have been more impressive still. I see that continuing. There's no reason why it shouldn't.
All our little mini deals are straws in the wind. I'll bet if you asked the Glazers they'd say (or sing) "We've only just begun".
Share price is now $17.35.
Don't see anyone slagging off the stock now!
Don't see anyone slagging off the stock now!
Ye I had been monitoring recently and it has really been motoring along - $12 was a great entry point for anyone who took it!
https://marketdata.nyse.com/JTic?app=JPV&rf=GIF&cs=368x300&style=NY2&VOLUME_SCALE_IS_TITLE=FALSE:TRUE&fq=D&ezd=1Q&id=Man Utd&cred=l8bCBrn1yOi2LSb2VhwRw558DNBCUlW2XtJfEInYMtMHct3dWAzT1Q.opg21PqKOo4uKtznUqChX3Ca6phY8wOm4hXIBljeoPpGh/5zbh9tqeKpry7KDYW
where are those jokers who valued it at $5?
https://marketdata.nyse.com/JTic?app=JPV&rf=GIF&cs=368x300&style=NY2&VOLUME_SCALE_IS_TITLE=FALSE:TRUE&fq=D&ezd=1Q&id=Man Utd&cred=l8bCBrn1yOi2LSb2VhwRw558DNBCUlW2XtJfEInYMtMHct3dWAzT1Q.opg21PqKOo4uKtznUqChX3Ca6phY8wOm4hXIBljeoPpGh/5zbh9tqeKpry7KDYW
where are those jokers who valued it at $5?
Should have given Fergie shares! At least somebody who deserves it would be making some money.
Screw you Andersred.
The club is now worth about £2.3 billion, for anyone interested in buying.
They put £270m of equity into the original transaction and more recently paid £250m to pay down the PIKs. So their total investment is around £520m - a little bit more than a penny.
Ye I had been monitoring recently and it has really been motoring along - $12 was a great entry point for anyone who took it!
https://marketdata.nyse.com/JTic?app=JPV&rf=GIF&cs=368x300&style=NY2&VOLUME_SCALE_IS_TITLE=FALSE:TRUE&fq=D&ezd=1Q&id=Man Utd&cred=l8bCBrn1yOi2LSb2VhwRw558DNBCUlW2XtJfEInYMtMHct3dWAzT1Q.opg21PqKOo4uKtznUqChX3Ca6phY8wOm4hXIBljeoPpGh/5zbh9tqeKpry7KDYW
where are those jokers who valued it at $5?
Based on that, will they be releasing more shares?
Am I right in saying that their original risk was just the £270m? If it had gone belly up in the first few years, that's the most they could have lost? Since the Piks were secured against shares in the holding company?
That's correct. Then they paid the extra £250m essentially to remove that claim on their shares.
Ye I had been monitoring recently and it has really been motoring along - $12 was a great entry point for anyone who took it!
https://marketdata.nyse.com/JTic?app=JPV&rf=GIF&cs=368x300&style=NY2&VOLUME_SCALE_IS_TITLE=FALSE:TRUE&fq=D&ezd=1Q&id=Man Utd&cred=l8bCBrn1yOi2LSb2VhwRw558DNBCUlW2XtJfEInYMtMHct3dWAzT1Q.opg21PqKOo4uKtznUqChX3Ca6phY8wOm4hXIBljeoPpGh/5zbh9tqeKpry7KDYW
where are those jokers who valued it at $5?
MUST?
They're probably locked-up until Feb 9th (six months from the issue date). After that there's a range of possibilities.
The Glazers could sell shares in the open market; or they could place a large block of shares in a private transaction; or they could use the market price to provide a baseline for buying out one or more of the siblings. Or any combination.
The plc could do a follow-on offering to sell some of the shares they hold in Treasury (there's way too many for them to be just for the executive compensation scheme). If that happened they might use the proceeds to pay down more debt.
Or nothing at all might happen. Wait and see.
No it wasnt MUST, it was some bucket shop US outfit who did a 'proper' analysis and came out with a $5 fair value - I assume they were looking for some free publicity
although MUST and other outlets did pass that research on so job done I suppose!
although MUST and other outlets did pass that research on so job done I suppose!
Well it was clear that they originally wanted to sell more shares but scaled it back due to lack of demand/poor market conditions - so it is a distinct possibility, doubt much will happen in the short term though.
two questions for finance heads
1 - Can anyone buy these shares or are they all taken?
2 - If the club do decide to make more shares, how would they do this? Would they dilute people's shares or open another company and start shares from that and even the assets out?
1 - Can anyone buy these shares or are they all taken?
2 - If the club do decide to make more shares, how would they do this? Would they dilute people's shares or open another company and start shares from that and even the assets out?
Based on current stock price, what would be the valuation for the whole club, assuming 100% shares were available?
Look at last page... someone worked it out
The club is now worth about £2.3 billion, for anyone interested in buying.
Getting that cheque book out....
1. Anyone can buy them if you have a trading account
2. Totally up to the glazers really. If it is at a price that suits them then most likely they will be selling more of their holding (most likely option imo). If they want to retain their current level of equity they could do a pre-emptive offering (existing shareholders must be offered shares first in the same proportion as their existing holding). Pre-emptive offerings are actually very rare in the us but a giving the 'right to buy a share' gets around this (in the uk the pre-emption rights of existing shareholders are very tightly enforced). Alternatively they could just do a placing Of new shares so that existing holders have their % holding decreased but the $ per share will remain roughly equal depending on the discount offered (if any).
As ravelston mentioned, the glazers/other directors and the plc itself cannot issue/sell any shares before the lock up period expires. it is a minimum 180 day period in the us following an ipo (not sure if they agreed to a higher one without checking) but that would mean the first potential day would be the end of the first week of feb (ish).
Wouldn't expect it to happen that quickly though. If projected revenues/on pitch success continues this year then the price is only going to get higher so no rush!
Trading account being an account on Yahoo finance or whatever stock program?
So, that basically means that say if the Glazers own 20%, they can choose to give up say 10% and make that into stocks at a price that suits them? So they don’t have to stick to the current value of the stock? (obviously the %’s are way out, just an example)
A pre-emptive offering (and this is completely what I am trying to guess) but is it when you basically offer everyone to own more shares but this then drops the value of the shares, obviously the percentage of shares offered would have to be equal across the company, but am I onto the right thing there? And saying that they are tightly enforced in the UK, what does that mean?
Ah, ok I got the last one wrong, is what I wrote above relevant to this option?
What is the lockup period? Is that a certain amount of time you have to allow after you do an IPO?
Thanks for all your help btw
We are still fourth beyond Real. Barca and Bayern for commercial revenues.
The Glazer's have done nothing that the PLC would t have achieved. In fact, we are under performing arguably
The Glazer's have done nothing that the PLC would t have achieved. In fact, we are under performing arguably
That's because of how their Kit deals are structured vis a vis ours. They do more in house and so it reflects on the costs too. Meanwhile we reflect less of the Nike numbers.
Otherwise after the Chevrolet deal and our other commercial deals, we should be number 1.
That may be so, we simply don't know what might have been. But you don't just pull new commercial deals out of your arse, it takes time to build these things and thats before you even consider the financial environment in the past few years.
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