United thread 2012/13 (inc merged IPO thread)

[Falastur]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

SWP how long can these underwriters prop up these shares? :-)

Best guess is a couple of weeks mate but we don't know why the agreement is. The Glazers may have put agreements in place where the cede control or partial control until the liability is reduced but we all have no idea tbh.

What liability?

I don't know why people are following the share price now. They have their £150 m and share price wont change what cash utd receive. Those investors who have bought shares committed to buy at $14

Well for a start, now they have shares on sale you can calculate exactly what their club is worth, which determines whether the Glazers are ever likely to sell and how much they will receive if they consider another IPO offering. It may also affect their ability to borrow money and therefore their ability to pay off their debt...

 

[maccadon]

Gettin beat by aberdeen 1-0

 

[Prestwich_Blue]

Seems GM have fucked up along with anyone else quoting 600m fans

<a class="postlink" href="http://www.businessinsider.com/hey-gm-manchester-united-admits-it-doesnt-have-659-million-fans-2012-8" onclick="window.open(this.href);return false;">http://www.businessinsider.com/hey-gm-m ... ans-2012-8</a>

Lulz

Seems they fucked up more than once:

http://www.businessinsider.com/repo...ited-sponsorship-without-knowing-price-2012-7

Joel Ewanick was ousted as global marketing chief of General Motors after the company agreed to become the lead sponsor of Manchester United, a deal worth perhaps $300 million, without knowing its full price, according to Bloomberg.

If Bloomberg's report is true, it would be one of the biggest marketing contractual screwups of all time. Reuters reported something similar. Bloomberg added:

GM leaders had to ask for Ewanick’s resignation after they perceived that he failed to make clear some details of the contract to the senior management team, the people said. As a result, the leaders didn’t know the true cost of the United deal, worth about $300 million to be on the jerseys, one of the people said. GM plans to honor the arrangement, which was altered from what Ewanick originally crafted, the people said.

The deal is worth £25 million ($39 million) per year for seven years, or more than $273 million. It's more than 25% greater than what insurer Aon paid, when it took United's shirtfront for the previous four years.

It implies the deal was "negotiated downwards" once the facts were known. So was the statement they released to the NYSE about the deal a lie or a piece of unfortunate timing?

 

[SWP's back]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

SWP how long can these underwriters prop up these shares? :-)

Best guess is a couple of weeks mate but we don't know why the agreement is. The Glazers may have put agreements in place where the cede control or partial control until the liability is reduced but we all have no idea tbh.

What liability?

I don't know why people are following the share price now. They have their £150 m and share price wont change what cash utd receive. Those investors who have bought shares committed to buy at $14

I've explained it a dozen times but seeing as you fail to understand English you may go and suck a peanut.

 

[SWP's back]

Do it's now 25m rather than 50m per year.

Well that's good news.

 

[44%]

Do it's now 25m rather than 50m per year.

Well that's good news.

Is it confirmed it's down to £25m a year as in that case utd may get out the deal themselves as they will only get £5m more than what they get right now , so i think GM understand their mistake but i don't think price is renegotiated , but it might be done in the future

 

[adrianr]

This is just far too funny. They need to find a way to box this into a DVD for Christmas, it'll be a best seller.

659 million... Whoops!

 

[44%]

Seems GM have fucked up along with anyone else quoting 600m fans

<a class="postlink" href="http://www.businessinsider.com/hey-gm-manchester-united-admits-it-doesnt-have-659-million-fans-2012-8" onclick="window.open(this.href);return false;">http://www.businessinsider.com/hey-gm-m ... ans-2012-8</a>

Lulz

Seems they fucked up more than once:

http://www.businessinsider.com/repo...ited-sponsorship-without-knowing-price-2012-7

Joel Ewanick was ousted as global marketing chief of General Motors after the company agreed to become the lead sponsor of Manchester United, a deal worth perhaps $300 million, without knowing its full price, according to Bloomberg.

If Bloomberg's report is true, it would be one of the biggest marketing contractual screwups of all time. Reuters reported something similar. Bloomberg added:

GM leaders had to ask for Ewanick’s resignation after they perceived that he failed to make clear some details of the contract to the senior management team, the people said. As a result, the leaders didn’t know the true cost of the United deal, worth about $300 million to be on the jerseys, one of the people said. GM plans to honor the arrangement, which was altered from what Ewanick originally crafted, the people said.

The deal is worth £25 million ($39 million) per year for seven years, or more than $273 million. It's more than 25% greater than what insurer Aon paid, when it took United's shirtfront for the previous four years.

It implies the deal was "negotiated downwards" once the facts were known. So was the statement they released to the NYSE about the deal a lie or a piece of unfortunate timing?

if GM now try to renegotiate the deal , united may ask for a big compensation ? Or the deal might not even be renegotiable?

Is it only me or anyone thinks that the GM guy who did the deal might have been personally given financial benefits by the glazers to complete such ridiculous deal !!

 

[Marvin]

Aberdeen 2-1 man Utd but I didn't realise it was just a testimonial.

Darren Fletcher made his comeback which was good to see. You should have seen Bebe. Unbelievably bad

 

[SWP's back]

Seems GM have fucked up along with anyone else quoting 600m fans

<a class="postlink" href="http://www.businessinsider.com/hey-gm-manchester-united-admits-it-doesnt-have-659-million-fans-2012-8" onclick="window.open(this.href);return false;">http://www.businessinsider.com/hey-gm-m ... ans-2012-8</a>

Lulz

Seems they fucked up more than once:

http://www.businessinsider.com/repo...ited-sponsorship-without-knowing-price-2012-7

Joel Ewanick was ousted as global marketing chief of General Motors after the company agreed to become the lead sponsor of Manchester United, a deal worth perhaps $300 million, without knowing its full price, according to Bloomberg.

If Bloomberg's report is true, it would be one of the biggest marketing contractual screwups of all time. Reuters reported something similar. Bloomberg added:

GM leaders had to ask for Ewanick’s resignation after they perceived that he failed to make clear some details of the contract to the senior management team, the people said. As a result, the leaders didn’t know the true cost of the United deal, worth about $300 million to be on the jerseys, one of the people said. GM plans to honor the arrangement, which was altered from what Ewanick originally crafted, the people said.

The deal is worth £25 million ($39 million) per year for seven years, or more than $273 million. It's more than 25% greater than what insurer Aon paid, when it took United's shirtfront for the previous four years.

It implies the deal was "negotiated downwards" once the facts were known. So was the statement they released to the NYSE about the deal a lie or a piece of unfortunate timing?

if GM now try to renegotiate the deal , united may ask for a big compensation ? Or the deal might not even be renegotiable?

Is it only me or anyone thinks that the GM guy who did the deal might have been personally given financial benefits by the glazers to complete such ridiculous deal !!

It looks as though it has already happened.