ALL issues relating to the bond issue and club finances

Status
Not open for further replies.
I think sticking with the collective TV deals is a tribute to the foresight of the Premier league. It'll be what eventually kills La Liga, I'm sure. Kills as in steadily but surely reduces the quality of the league. Didn't Wigan get more last year than the third placed Spanish team?
 
http://www.manchestereveningnews.co.uk/business/deals/bulova-big-plans-united-6298011

Manchester United's new global watch partner Bulova has promised an 'exciting' new development at Old Trafford in 2014 as part of their three-year sponsorship.

Bulova are replacing Hublot, who erected a distinctive Tower in the Old Trafford car park which, for obvious reasons, has now been taken down.

However, Greg Thumm, president of the Bulova Corporation, has plans in place for an alternative, which he is sure will prove to be even more popular.

"In the second half of next year there will be a tailor-made product built for Old Trafford," he said.

"I don't want to say too much at this stage but it will be a very exciting new addition.

"Put it this way, if I was a fan, I would be wanting to have my photograph taken alongside it."

The contract with Bulova represents another success for United's expanding commercial empire, which will shortly have an office in New York in addition to the one already opened in Hong Kong.

Yet whilst the club continues to exploit its massive global following, closer to home executive vice-chairman Ed Woodward is proving to be far more accessible than the man he replaced in running the day-to-day business of the club, David Gill.

Famously, following the controversial Glazer family takeover in 2005, Gill ended formal communication with United's major fans groups.

He often went further, denouncing the Manchester United Supporters' Trust in particular for the consistent 'anti-Glazer' agenda, and insisting the club was run on acceptable business lines despite the eye-watering debt their leveraged buy-out accrued.

For their part, MUST distrusted Gill for going back on pre-takeover statements which highlighted the negative effect of the Glazers' potential involvement.

However, with Gill now detached from the scene after joining UEFA's executive committee, Woodward has taken a more pragmatic view of the situation.

And on Tuesday he met senior MUST figures for talks described as "very constructive" in which both sides outlined their vision for the future.

It is envisaged further meetings will take place, with Woodward, who has also met the Independent Manchester United Supporters' Association and whom recently gave an exclusive interview to independent fanzine 'United We Stand', keen to answer criticism the club are more interested in their global fan base, rather than the rank and file on their doorstep.

Yet, as ever, the perceptions of the club are results dependent, although Thumm is adamant Bulova's partnership will endure even if United fail to replicate their trophy gathering escapades of the Sir Alex Ferguson era under new boss David Moyes.

"Manchester United has a vast global support," said Thumm.

"If they don't have a winning season, does that mean the support will disappear? Will the stadium suddenly be empty? I don't think so.

"Even Sir Alex Ferguson had years when he didn't win, when he first took over and when he had to rebuild later in his time at the club.

"Football in the United States is growing hugely. You only have to look at the new NBC contract for the Premier League to see that.

"Chevrolet will be the new shirt sponsor for next season. These things are not happening by accident.

"Whether it wins or loses, there is the same level of importance attached to Manchester United."
Click to expand...
 
Plugsy said:
First quarter results announced next Thursday.

With the (false) speculation a couple of weeks back on a new Nike deal you wonder if it was delayed to coincide with these results to make a double-whammy announcement e.g record quarter earnings plus new record sponsorship deal.
Click to expand...

Anyone know if a member of the general public can join the call? I found the numbers on the club website and was going to see if I can join. May be able to blag it anyway as I work for a large financial institution.
 
MPTutd said:
Anyone know if a member of the general public can join the call? I found the numbers on the club website and was going to see if I can join. May be able to blag it anyway as I work for a large financial institution.
Click to expand...

Jesus, that'd be a nightmare. The Financial Times looking for info on the clubs financial outlook, and Dave from Bury wanting to moan about Smalling at right back.
 
Results will be released at midday and the conference call is at 1pm, both GMT.
 
Rado_N said:
Whose arse do they pull these numbers out of?!
Click to expand...


They commissioned some agency to come up with that figure a little while ago - it's been consistently ridiculed but obviously has it's uses to them. TBF I think they did acknowledge that these weren't necessarily supporters, rather those that United attract (so probably would include people like rival fans watching us play their teams).
 
Antisocial said:
They commissioned some agency to come up with that figure a little while ago - it's been consistently ridiculed but obviously has it's uses to them. TBF I think they did acknowledge that these weren't necessarily supporters, rather those that United attract (so probably would include people like rival fans watching us play their teams).
Click to expand...


So every football fan on the planet?
 
In English please?

#mufc reveal they have entered into a 'floating to fixed interest rate swap' on $315.7m loan with max & min rates of 4.1% & 2.8%.
 
backofthenet said:
Staff costs are creeping up as a percentage of turnover. Currently at 53.8%.
Click to expand...

Last year staff costs were £40.3m vs turnover of £76.3m vs current costs £52.9m vs turnover of £98.5m. So staff costs are up less than 1% in relation to turnover over the same period, which is essentially static.

Over the 12 month period our wage ratio will remain at 50% I expect.
 
charleysurf said:
Jesus, that'd be a nightmare. The Financial Times looking for info on the clubs financial outlook, and Dave from Bury wanting to moan about Smalling at right back.
Click to expand...

Sorry to say that you are wrong. I am on the call now. Just had to give me name, company and country. Just say you are from JP Morgan, Goldman Sachs or even Barclays or HSBC.
 
Plugsy said:
The old Bulova watch selfie will sweep social media, I'm sure.
Click to expand...

I'm calling this now:

A statue of Sir Alex, in his infamous "Fergie time" pose, wearing the most bling of Bulova watches.
 
Some US finance dude was just asking a question on their estimated guidance for the full year results. He said "I assume you expect to continue to finish at the tope end of the Premier Champions League"
 
Mel_F said:
In English please?

#mufc reveal they have entered into a 'floating to fixed interest rate swap' on $315.7m loan with max & min rates of 4.1% & 2.8%.
Click to expand...

So payments of around £12.9m and £8.8m annually on that part of the debt. What is the other part of the debt and how much are we paying on that?
 
MPTutd said:
Some US finance dude was just asking a question on their estimated guidance for the full year results. He said "I assume you expect to continue to finish at the tope end of the Premier Champions League"
Click to expand...

To be fair, if I was a British financial analyst and was commenting on a Baseball team, I'd say "what position do you think you will place in the American World Series?"
 
Pexbo said:
To be fair, if I was a British financial analyst and was commenting on a Baseball team, I'd say "what position do you think you will place in the American World Series?"
Click to expand...


An analyst should have read the report where it states it's based on finishing 3rd in the league and reaching the 1/4 finals of the CL and domestic cups.
 
Last year our first quarter revenue was £76.3 from a total year of £363.3m

If the same bears out then £98.5m for the first quarter this year puts us on target for revenue for 2014 of £468m
 
MPTutd said:
Some US finance dude was just asking a question on their estimated guidance for the full year results. He said "I assume you expect to continue to finish at the tope end of the Premier Champions League"
Click to expand...


Was there anything else of interest in the call? Any talk of the debt/bonds, or plans for using this increased revenue?
 
In English please?​
​
#mufc reveal they have entered into a 'floating to fixed interest rate swap' on $315.7m loan with max & min rates of 4.1% & 2.8%.​

Pexbo said:
So payments of around £12.9m and £8.8m annually on that part of the debt. What is the

other part of the debt and how much are we paying on that?
Click to expand...

You're confusing dollars and pounds.
 
Will Absolute said:
In English please?​
​
#mufc reveal they have entered into a 'floating to fixed interest rate swap' on $315.7m loan with max & min rates of 4.1% & 2.8%.​



You're confusing dollars and pounds.
Click to expand...

So I am.

As Bestie said, 6-8m. That really is peanuts. A players wage. How much other debt do we have or was that the stuff they seemingly wiped out a while ago, with nobody sure what money?
 
Status
Not open for further replies.