A friend of mine posted that the record revenues by Man Utd were made big news to deflect from the Glazers filing with the SEC to sell $396mil of shares.
Apparently it would be 24% of the total shares but only 3.1% control of the club. His source was Andy Green @andersred on Twitter who provided a link to the financial report.
He also said Utd were sitting on £95mil in cash at the start of the summer transfer window and would be getting £80-90mil in cash every year (pre-transfers).
Does anyone follow this guy or know much about the financials he's talking about? He seems to think the Glazers are just cashing in and that the yearly cash income will be paying out some big dividends.
Browse:
Record Revenues but in other news...
comment by United_kaz (U9943)
posted on 19/9/13
if i was buying that many shares of something i would be expecting alot more upfront
posted on 19/9/13
It was stated when the original 10% of shares were sold the summer before last that the voting structure would give the 10% only like 1-2% of the votes in the company.
Yet those shares were snapped up and have risen by nearly 50% since that date.
The club continues to sign new sponsorship deals increasing revenue and with the new tv/shirt/chevrolet deals kicking in within the next 1-2 years it will continue to grow and should drive the share price up.
Add to that how our gearing/leverage ratio is falling, it does appear to be a solid investment with the most obvious risk being should the team dip in performance on the field (loosing out on CL football for example)
comment by ManUtdDaredevil (U9612)
posted on 19/9/13
Not sure what the negatives here are though? On a separate note, we bank in the grand cayman islands these days, so I wouldn't pay attention to anyone outside the club discussing finances
comment by Vidicschin (U3584)
posted on 19/9/13
Not sure what the negatives here are though?
................
If there were Drasdo would be all over it.
comment by ScruffyDevil (U1429)
posted on 19/9/13
Doesn't matter how much united make, it goes straight into the parasites pocket! United are still in fooking massive debt thanks to these cunnnttss
comment by Vidicschin (U3584)
posted on 19/9/13
Doesn't matter how much united make, it goes straight into the parasites pocket!
......................
They own the club you moron. It is their money.
comment by Redastomatoes- Feels very Moyesian...cleverson forever!If he is good enough he is ready! (U12026)
posted on 19/9/13
comment by Whiteside.......that's
incredible! (U1429)
Doesn't matter how much united make, it goes
straight into the parasites pocket! United are still
in fooking massive debt thanks to these
cunnnttss
*************
If you knew just how much they take home, you would just die... Like literally.
comment by Stretford_Ender85 (U10955)
posted on 19/9/13
I've hated them since day 1 and I still do.
But like VC says......what can we do about it really? It's their club now sadly. They can do as they please.
The only thing that would have ever made them sit up and take notice is one thing that would have never happened.....a large scale boycott.
comment by Vidicschin (U3584)
posted on 19/9/13
SE
I hate the way they bought the club, and the amount of money they have spent repying the debt.
But as owners, I don't hate them. They let football people run the football side of things.
They could have put much more money in their pockets, if they were that way inclined.
comment by Vidicschin (U3584)
posted on 19/9/13
If you knew just how much they take home, you would just die
...............
Perhaps you can provide us with the facts and figures dating back from 2005.
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