United thread 2012/13 (inc merged IPO thread)

[citysince88]

I wonder how much the glazers will cream off ?

 

[hutton who blue]

I wonder how much the glazers will cream off ?

What do glaziers do? They fit and attach window frames and glass to buildings.

What do glazers do? They take Man United to the fucking cleaners!

 

[VOOMER]

I've not seen it in there so post a link if possible.

<a class="postlink" href="http://www.sec.gov/Archives/edgar/data/1549107/000110465912054176/a12-11113_16fwp.htm" onclick="window.open(this.href);return false;">http://www.sec.gov/Archives/edgar/data/ ... _16fwp.htm</a>

That's unreal. How was that ever sanctioned?

the money will be going straight in the Glazers pocket, why would it go anywhere else? There's a $100 million activation fee, the changes are no money will be paid until the season that the deal starts. So, they line their pockets with the IPO, to support their ailing empire, then use Chevvy money in 2014-15 to support their still ailing empire. Boy do I admire the Glazers, outstanding work boys!

 

[Rammyblues]

If Carlsberg did greedy business men who are only interested in money, the Glazers would be it. :-)

 

[SWP's back]

This is what the document says:

Only July 26, 2012, consistent with our strategy to grow our global sponsorship revenue, we entered into an agreement with General Motors for Chevrolet to become our exclusive shirt sponsor, beginning in our 2014/15 season. The term of the agreement runs through the end of the 2020/21 season. Annual revenue from our new shirt sponsorship agreement will be $70.0 million in the first season, and will increase by an additional 2.1% in each season thereafter through the term of the agreement. We will also receive approximately $18.6 million in fees in each of the 2012/13 season and 2013/14 season under the terms of our new shirt sponsorship agreement. Total revenue payable through the end of the 2020/21 season under our new shirt sponsorship agreement is approximately $559 million.

If that is the case, that's £349.3m over 7 years - an average of £50m a year. No wonder the guy who arranged the deal for GM got sacked. Still I guess that will pay a huge chunk of the bonds off in 2017. Interestingly, I wonder if the deal is fair value? i.e. What was the alternative...

Still on the bright side our deal is cheap by comparison (good for FFP) and it also gives City and PSG a whole load of wiggle room to blow a huge hole in FFP.
- Qatar Airways bid X for City rights and Etihad X + 5%
- Etihad bid X for PSG rights and Qatar Airways bid X + 5%
Fair Value too...

Fair value doesn't matter as they are not related parties.

 

[cookster]

I'm staggered that a state owned company would pay Manure in excess of 50M a season for shirt sponsership.

That's going to plug a hole in the debts for a few years :(

 

[Rammyblues]

That's going to plug a hole in the debts for a few years :(

For the Glazers maybe they have their PIKs to worry about if I have understood everything. And a small matter of buying those bonds back.

 

[sniff]

Those figures are amazing really, twice what any other club in the world get's...

No matter how you dress it up, that deal and the upcomming improvement of the nike deal, added with the new TV deal increase..

the new sponsor will add and extra £25m..

the Nike deal is expected to be the same value, so an extra £25m...

the TV deal is looking like it will put an extra £30m in the bank...

United could be looking at an £80m increase in revenue in the next couple of years... unless im missing something, this IPO is starting to look like a bridging loan to get them through this year...

 

[waspish]

Those figures are amazing really, twice what any other club in the world get's...

No matter how you dress it up, that deal and the upcomming improvement of the nike deal, added with the new TV deal increase..

the new sponsor will add and extra £25m..

the Nike deal is expected to be the same value, so an extra £25m...

the TV deal is looking like it will put an extra £30m in the bank...

United could be looking at an £80m increase in revenue in the next couple of years... unless im missing something, this IPO is starting to look like a bridging loan to get them through this year...

I think they'll need it as well once BaconChops goes can't see them being as successful! That iron resolve that he puts in average players will be gone referring decisions will balance out more!! BaconChops puts the fear of god in all media outlets

 

[BlueNoon]

Rag muppets - what will they say now?

Man Utd agree 30 million deal to sign European inexperienced Brazilian player

to go with 17 million Kagawa

Buying second place? or is it their given "right" to be the only club to spend money?