Rammyblues
Well-Known Member
Re: United thread 2012/13.
Some of them there risk factos (sorry long post)
RISK FACTORS
An investment in our Class A ordinary shares involves a high degree of risk. You should carefully read and consider the following risks before deciding to invest in our Class A ordinary shares. If any of the following risks actually occurs, our business, results of operations, financial condition and cash flow could be materially impaired. The trading price of our Class A ordinary shares could decline due to any of these risks, and you could lose all or part of your investment. When determining whether to buy our Class A ordinary shares in this offering, you should also read carefully the other information in this prospectus, including our financial statements and related notes thereto.
Risks Related to Our Business
If we are unable to maintain and enhance our brand and reputation, particularly in new markets, or if events occur that damage our brand and reputation, our ability to expand our follower base, sponsors, and commercial partners or to sell significant quantities of our products may be impaired.
The success of our business depends on the value and strength of our brand and reputation. Our brand and reputation are also integral to the implementation of our strategies for expanding our follower base, sponsors and commercial partners. To be successful in the future, particularly outside of Europe, we believe we must preserve, grow and leverage the value of our brand across all of our revenue streams. For instance, we have in the past experienced, and we expect that in the future we will continue to receive, a high degree of media coverage. Unfavorable publicity regarding our first team's performance in league and cup competitions or their behavior off the field, our ability to attract and retain certain players and coaching staff or actions by or changes in our ownership, could negatively affect our brand and reputation. Failure to respond effectively to negative publicity could also further erode our brand and reputation. In addition, events in the football industry as whole, even if unrelated to us, may negatively affect our brand or reputation. As a result, the size, engagement, and loyalty of our follower base and the demand for our products may decline. Damage to our brand or reputation or loss of our followers' commitment for any of these reasons could impair our ability to expand our follower base, sponsors and commercial partners or our ability to sell significant quantities of our products, which would result in decreased revenue across our five revenue streams, and have a material adverse effect our business, results of operations, financial condition and cash flow, as well as require additional resources to rebuild our brand and reputation.
In addition, maintaining and enhancing our brand and reputation may require us to make substantial investments. We cannot assure you that such investments will be successful. Failure to successfully maintain and enhance the Manchester United brand or our reputation or excessive or unsuccessful expenses in connection with this effort could have a material adverse effect on our business, results of operations, financial condition and cash flow.
Our business is dependent upon our ability to attract and retain key personnel, including players.
We are highly dependent on members of our management, coaching staff and our players. Competition for talented players and staff is, and will continue to be, intense. Our ability to attract and retain the highest quality players for our first team, reserve team and youth academy as well as coaching staff is critical to our first team's success in league and cup competitions and increasing popularity and, consequently, critical to our business, results of operations, financial condition and cash flow. Any successor to our current manager may not be as successful as our current manager. A downturn in the performance of our first team could adversely affect our ability to attract and retain coaches and players. In addition, our popularity in certain countries or regions may depend, at least in part, on fielding certain players from those countries or regions. While we enter into employment contracts with each of our key personnel with the aim of securing their services for the term of the contract, the retention of their services for the full term of the contract cannot be guaranteed due to possible contract disputes or approaches by other clubs. Our failure to attract and retain key personnel could have a negative impact on our ability to effectively manage and grow our business.
Our estimates and forward-looking statements may be influenced by the following factors, including:
•our dependence on the performance and popularity of our first team;
•maintaining, enhancing and protecting our brand and reputation, particularly in new markets, in order to expand our follower and sponsorship base;
•our reliance on European competitions as a source of future income;
•the negotiation and pricing of key media contracts outside our control;
•actions taken by other Premier League clubs that are contrary to our interests;
•our ability to attract and retain key personnel, including players, in an increasingly competitive market with increasing salaries and transfer fees;
•our ability to execute a digital media strategy that generates the revenue we anticipate;
•our ability to meet growth expectations and properly manage such anticipated growth;
•our ability to maintain, train and build an effective international sales and marketing infrastructure, and manage the risks associated with such an expansion;
•our ability to renew or replace key commercial agreements on similar or better terms, or attract new sponsors;
•our exposure to credit related losses in connection with key media, commercial and transfer contracts;
•our relationship with the various leagues to which we belong and the application of their respective rules and regulations;
•our relationship with merchandising, licensing, sponsor and other commercial partners;
•maintaining our match attendance at Old Trafford;
•our exposure to increased competition, both in football and the various commercial markets in which we do business;
•any natural disasters or other events beyond our control that adversely affect our operations;
•the effect of adverse economic conditions on our operations;
•uncertainty with regard to exchange rates, our tax liability and our cash flow;
•our ability to adequately protect against media piracy and identity theft of our follower account information;
•our exposure to the effects of seasonality in our business;
•the effect of our indebtedness on our financial health and competitive position;
•our ability to compete in our industry and with innovation by our competitors;
•estimates and estimate methodologies used in preparing our consolidated financial statements; and
Seems like Kagawa may have signed for them not for footballing reasons
In addition, our popularity in certain countries or regions may depend, at least in part, on fielding certain players from those countries or regions
Hence the message from Taggart, the flyers and texts:-
•maintaining our match attendance at Old Trafford;
Didn't realise Uncle Malc and his boys have been at the swamp for the last seven years, how times have changed. Keep it going boys don't sell.
Some of them there risk factos (sorry long post)
RISK FACTORS
An investment in our Class A ordinary shares involves a high degree of risk. You should carefully read and consider the following risks before deciding to invest in our Class A ordinary shares. If any of the following risks actually occurs, our business, results of operations, financial condition and cash flow could be materially impaired. The trading price of our Class A ordinary shares could decline due to any of these risks, and you could lose all or part of your investment. When determining whether to buy our Class A ordinary shares in this offering, you should also read carefully the other information in this prospectus, including our financial statements and related notes thereto.
Risks Related to Our Business
If we are unable to maintain and enhance our brand and reputation, particularly in new markets, or if events occur that damage our brand and reputation, our ability to expand our follower base, sponsors, and commercial partners or to sell significant quantities of our products may be impaired.
The success of our business depends on the value and strength of our brand and reputation. Our brand and reputation are also integral to the implementation of our strategies for expanding our follower base, sponsors and commercial partners. To be successful in the future, particularly outside of Europe, we believe we must preserve, grow and leverage the value of our brand across all of our revenue streams. For instance, we have in the past experienced, and we expect that in the future we will continue to receive, a high degree of media coverage. Unfavorable publicity regarding our first team's performance in league and cup competitions or their behavior off the field, our ability to attract and retain certain players and coaching staff or actions by or changes in our ownership, could negatively affect our brand and reputation. Failure to respond effectively to negative publicity could also further erode our brand and reputation. In addition, events in the football industry as whole, even if unrelated to us, may negatively affect our brand or reputation. As a result, the size, engagement, and loyalty of our follower base and the demand for our products may decline. Damage to our brand or reputation or loss of our followers' commitment for any of these reasons could impair our ability to expand our follower base, sponsors and commercial partners or our ability to sell significant quantities of our products, which would result in decreased revenue across our five revenue streams, and have a material adverse effect our business, results of operations, financial condition and cash flow, as well as require additional resources to rebuild our brand and reputation.
In addition, maintaining and enhancing our brand and reputation may require us to make substantial investments. We cannot assure you that such investments will be successful. Failure to successfully maintain and enhance the Manchester United brand or our reputation or excessive or unsuccessful expenses in connection with this effort could have a material adverse effect on our business, results of operations, financial condition and cash flow.
Our business is dependent upon our ability to attract and retain key personnel, including players.
We are highly dependent on members of our management, coaching staff and our players. Competition for talented players and staff is, and will continue to be, intense. Our ability to attract and retain the highest quality players for our first team, reserve team and youth academy as well as coaching staff is critical to our first team's success in league and cup competitions and increasing popularity and, consequently, critical to our business, results of operations, financial condition and cash flow. Any successor to our current manager may not be as successful as our current manager. A downturn in the performance of our first team could adversely affect our ability to attract and retain coaches and players. In addition, our popularity in certain countries or regions may depend, at least in part, on fielding certain players from those countries or regions. While we enter into employment contracts with each of our key personnel with the aim of securing their services for the term of the contract, the retention of their services for the full term of the contract cannot be guaranteed due to possible contract disputes or approaches by other clubs. Our failure to attract and retain key personnel could have a negative impact on our ability to effectively manage and grow our business.
Our estimates and forward-looking statements may be influenced by the following factors, including:
•our dependence on the performance and popularity of our first team;
•maintaining, enhancing and protecting our brand and reputation, particularly in new markets, in order to expand our follower and sponsorship base;
•our reliance on European competitions as a source of future income;
•the negotiation and pricing of key media contracts outside our control;
•actions taken by other Premier League clubs that are contrary to our interests;
•our ability to attract and retain key personnel, including players, in an increasingly competitive market with increasing salaries and transfer fees;
•our ability to execute a digital media strategy that generates the revenue we anticipate;
•our ability to meet growth expectations and properly manage such anticipated growth;
•our ability to maintain, train and build an effective international sales and marketing infrastructure, and manage the risks associated with such an expansion;
•our ability to renew or replace key commercial agreements on similar or better terms, or attract new sponsors;
•our exposure to credit related losses in connection with key media, commercial and transfer contracts;
•our relationship with the various leagues to which we belong and the application of their respective rules and regulations;
•our relationship with merchandising, licensing, sponsor and other commercial partners;
•maintaining our match attendance at Old Trafford;
•our exposure to increased competition, both in football and the various commercial markets in which we do business;
•any natural disasters or other events beyond our control that adversely affect our operations;
•the effect of adverse economic conditions on our operations;
•uncertainty with regard to exchange rates, our tax liability and our cash flow;
•our ability to adequately protect against media piracy and identity theft of our follower account information;
•our exposure to the effects of seasonality in our business;
•the effect of our indebtedness on our financial health and competitive position;
•our ability to compete in our industry and with innovation by our competitors;
•estimates and estimate methodologies used in preparing our consolidated financial statements; and
Seems like Kagawa may have signed for them not for footballing reasons
In addition, our popularity in certain countries or regions may depend, at least in part, on fielding certain players from those countries or regions
Hence the message from Taggart, the flyers and texts:-
•maintaining our match attendance at Old Trafford;
Didn't realise Uncle Malc and his boys have been at the swamp for the last seven years, how times have changed. Keep it going boys don't sell.
