Man Utd flotation?

Firstly I would like to say this is not a WUM.

But I would like to know your thoughts (from both sides) about one of the biggest global sporting names having to be floated in order to pay off large chunk of debt. Is it a good thing?
Is it shortsighted?
Does it smack of desperation in order to keep with with city and chelski?

I know some of the money will be used for transfers but is it the right way to go?

I don't know what to think so give your opinions.
Apologies if this has been discussed before.

 

I doubt any will be used for transfers. I think it's purely to pay off some debt which can't be a bad thing for us.

By all accounts the money for transfers has always been there.

It seems the glazers are giving very little, if any, rights with these shares so it can only be good for them.

I just can't see it as being anything other than good for us

 

I don't see any of this money going to pay off the debt or improve the squad. I see this as the last actions of a group of swindlers taking what they can before offloading the club! Why else would they float on the London, NY and Asian stock markets and not re invest?!

 

I'm sure I read that The Glazers were keeping a percentage of the cash from the share sales. I can't see why anyone would want to buy them, they are $15 a pop, you get no voting rights and american markets have not fared well for people investing in ego shares, look at the facebook floatation, all bells and whistles and then the stock price dropped like a stone, it wouldn't uprise me if the same happened with Man Utd, I mean, they have already dropped the price of the shares and they haven't even gone on sale yet

http://www.dailymail.co.uk/sport/fo...hit-Glazers-New-York-Stock-Exchange-plan.html

http://www.guardian.co.uk/football/2012/aug/10/manchester-united-ipo-share-prices

 

I also read that the Glazers are keeping some of the money - I don't really have much of a problem with it although it would be better if it all went to pay the debt off.

Like you I can't see what the attraction is in these shares for the potential buyers but supposedly it's already over subscribed with the people who have declared an interest in buying.

Personally from an investment point of view I would go anywhere near this but from a United fan point of view it can only be a good thing

 

The IPO deal also puts to bed the false claim that referring to Manchester United as Man U is offensive, the clubs ticker name on the NYSE is 'Manu'

 

guys, i don't really care but i make 3 points.

1. glaziers own utd, they can do whatever they want with it. sell it, run it into the ground, give it 1bil in transfer fund.. .whatever.

2. I'm more interested to se if they get it away and what price it is than anything.

3. the glaziers will take their profits, utd are an absolute gold mine for them. the debt is irrelevant to them.

look suckers will buy shares in football clubs, i don't think a single plc football club ever made shareholders profit. the glaziers will pay down something as required and pocket a huge amount and will slowly sell more shares and milk it. thats the way it goes... look at how microsoft or facebook go as well... glaziers will take a smaller chunk of a bigger pie any day... gravy.

 

Liverpool fans making idiots of themselves again?

Usual.

No offence to the none idiots btw.

People literally have no idea what they are talking about. I dont claim to either but a little reading makes it all clear. The club is being floated as a media company not a football club. Therefore it makes perfect sense for certain types to invest in the club. Hence it was oversold.

£70million goes towards paying down the debt. It was a stipulation of the IPO. £75million to the glazers and the rest is the clubs ( stands at £5million ).

The debt is reduced to £350million give or take. With cash in the bank its £280million.

The glazers selling shares that dont effect their ownership but raiser 10s of millions for the club and themselves ( this money is likely to be used to support their other businesses and further reduce the dependency on United ) is genius. £150million for what you lot are calling nothing.

In reality its beneficial to the club and the glazers, debt lowered and cash in their pockets.

 

Corrected

 

considering it lowers our debt and interest then it is beneficial to the club.

 

I thought I was the only one that thought the new Man U home shirt looked like a table-cloth.

 

It along with the Liverpool third kit has to be the worst this summer, and the Liverpool 3rd kit is dreadful.

 

UIR why are you so mad someone called you a 14 year old... you usually love to be centre of the attention.

 

Not arsed about that, just the rest. Pretty petty. Anyway lets not stray off topic, I will get the blame for it.

Our away kit is amazing even if our home kit is erm, unique for want of a better word. Shocking if I am honest.

 

If it was oversold, then why are they dropping the price?

Not a WUM, just genuinely don't understand the logic.

 

couldnt say.

 

where did you see that it was oversold?

 

erm.... everywhere was reporting it.

http://ibnlive.in.com/generalnewsfe...ad-show-presentation-in-new-york/1037945.html

 

Ok I take it you are using oversold in the sense of being over subscribed, well in all seriousness all I have seen so far is bluster hyping up the demand and obviously the price cut will tempt more in. Football and investing are strange partners as all normal business logic goes out the window so we will have to wait and see how things pan out.

 

This is what is putting investors off, no control and no reinvestment in UNited from the float in NY. It is the Glaziers actions which has led to UNited been seen as well overvalued at 2.8bn. The brand is solid, the owners with control are anything but and are dragging the value down