United thread 2012/13 (inc merged IPO thread)

[Marvin]

The share issue looks like it's going ahead according to Bloomberg

 

[sniff]

Well if this works out to plan, after all the pesudo finance on here predicting doom... they may well just have pulled themselves into profit soon enough...

A new negotiation with nike should net them at least the £25m they already get..

 

[kenster197]

See they have just gone on the NY stock exchange @ 16 - 20 dollars a share

 

[waspish]

See they have just gone on the NY stock exchange @ 16 - 20 dollars a share

How many are you buying ;)

 

[LoveCity]

So much for the IPO not happening, I think some people live in dream land sometimes, United are always going to make a mint and once the debts are gone they'll be able to compete in the transfer market more again. In other words they are going nowhere, our best hope is some dodgy years after Baconface retires and some hopeful failures from his successor(s).

Mike Keegan ‏@mikekeeganmen
Looks like just £73m will go on paying off debt. #mufc

 

[johnny on the spot]

16 dollar each.

Man Utd to sell stock at $16 each in New York sale

Manchester United has said it plans to raise as much as $330m (£210m) in a share listing in New York.

In documents filed with the Securities and Exchange Commission, the football club said it will sell 16.7 million shares at between $16 and $20 each.

The club had earlier explored the possibility of a $1bn flotation on the Singapore stock market.

The club has been controlled since 2005 by billionaire US sports investors the Glazer family.
.
United, among the best-supported clubs in the world, has said it plans to use the proceeds to repay debt.

<a class="postlink" href="http://www.bbc.co.uk/news/business-19057547" onclick="window.open(this.href);return false;">http://www.bbc.co.uk/news/business-19057547</a>

 

[kenster197]

See they have just gone on the NY stock exchange @ 16 - 20 dollars a share

How many are you buying ;)

lol, slightly less than feck all

 

[IanBishopsHaircut]

So much for the IPO not happening, I think some people live in dream land sometimes, United are always going to make a mint and once the debts are gone they'll be able to compete in the transfer market more again. In other words they are going nowhere, our best hope are some dodgy years after Baconface retires and some hopeful failures from his successor(s).

Erm..the IPO is back on..yet with a new amendment by the Glazers that they WILL NOT be using the majority of capital raised to pay off the debt..some of the more financially astute twitter experts are saying if they reach their target only 73mil of their 425mil debt will be recovered

Rag Cafe is about to go nuclear

 

[dave_blue12]

Andersred has Tweeted that the Glazers have changed the terms

Most of the money now going to the Glazers only a small amount to debt repayment !

Gotta love those Glazers !<br /><br />-- Mon Jul 30, 2012 9:56 pm --<br /><br />Andersred has Tweeted that the Glazers have changed the terms

Most of the money now going to the Glazers only a small amount to debt repayment !

Gotta love those Glazers !

 

[rickmcfc]

Can someone please sum up. Is this a good or bad thing for us, with them floating shares on the NYC stock exchange?