United thread 2012/13 (inc merged IPO thread)

[Prestwich_Blue]

Gone quiet on the share issue front. Treating that as good news.

Yeah , i heard it may have been put off completely or maybe delayed atleast , do anyone know when the latest ipo window closes in usa?

I think they have 90 days from the date of first filing, which was July 3rd. So that's the end of September. If they don't do it then, they'll have to wait until their 2012 audited accounts are out and I suspect these are certainly not going to tempt investors. So if it's going to happen it'll probably be in September.

Re the bit about their bitter fans complaining we "won the lottery", what's the difference between Sheikh Mansout putting in £500m in 2008 and James Gibson putting in £40,000 (and more when he rebuilt the swamp after the war) in 1931? There's no doubt that we'd be in a mess if it wasn't for the Sheikh but they'd be a footnote in history altogether if not for Gibson.

 

[Football guy]

I just googled and found this , i think ipo is go ahead

NEW YORK (Reuters) - British soccer club
Manchester United is planning to launch the
marketing road show for its proposed $300
million U.S. initial public offering within
days, after a delay earlier this week, sources
familiar with the matter said on Wednesday.
The club, which is controlled by the Glazer
family, may start the road show as soon as
Friday or early next week, according to the
sources.
club was planning a launch
earlier this week but delayed it because of
market conditions and was going to
reevaluate conditions.
If the launch happens as planned now, the
club could price the offering in the week of
August 13, the sources said.
Manchester United could not be reached for
comment.

 

[adrianr]

I just googled and found this , i think ipo is go ahead

NEW YORK (Reuters) - British soccer club
Manchester United is planning to launch the
marketing road show for its proposed $300
million U.S. initial public offering within
days, after a delay earlier this week, sources
familiar with the matter said on Wednesday.
The club, which is controlled by the Glazer
family, may start the road show as soon as
Friday or early next week, according to the
sources.
club was planning a launch
earlier this week but delayed it because of
market conditions and was going to
reevaluate conditions.
If the launch happens as planned now, the
club could price the offering in the week of
August 13, the sources said.
Manchester United could not be reached for
comment.

That's already been posted here I'm sure, few days back?

 

[richards30]

But don't people but shares as an investment to gain a profit return? Under the glazers there is no incentive to invest as while that huge debt is still there your money will be worthless! As the economy gets a fraction worse the interest rate will rise and so will the repayments and what was this float worth apparently?? $100m? It's fuck all to what they still owe!

 

[Football guy]

I just googled and found this , i think ipo is go ahead

NEW YORK (Reuters) - British soccer club
Manchester United is planning to launch the
marketing road show for its proposed $300
million U.S. initial public offering within
days, after a delay earlier this week, sources
familiar with the matter said on Wednesday.
The club, which is controlled by the Glazer
family, may start the road show as soon as
Friday or early next week, according to the
sources.
club was planning a launch
earlier this week but delayed it because of
market conditions and was going to
reevaluate conditions.
If the launch happens as planned now, the
club could price the offering in the week of
August 13, the sources said.
Manchester United could not be reached for
comment.

That's already been posted here I'm sure, few days back?

Sorry if already posted

 

[Football guy]

But don't people but shares as an investment to gain a profit return? Under the glazers there is no incentive to invest as while that huge debt is still there your money will be worthless! As the economy gets a fraction worse the interest rate will rise and so will the repayments and what was this float worth apparently?? $100m? It's fuck all to what they still owe!

Only united supporters and those institutional investors whom glazers can persuade to invest will invest , i still think that the ipo will be atleast 100% suscribed

 

[JM Mcr]

^^^^
These rags don't know there own history Pre BaconChops Pre premier! When frankly average is what they were

Firstly I just wanna say that the quoted comments from redcafe are both idiotic and bitter, and I take your point about Utd's relative lack of success pre premier league.

Obviously Utd have had an exceptional 20 years since 1992/93 but I'm not sure about your description of average before that.Trophy wise the only more successful English team up to that point was Liverpool (who had amassed nearly twice as many trophies as Utd and Arsenal) and attendance wise Utd had been the best supported side in the country for 26 of the 40 years pre premier league, and in the top 2 or 3 for most of the others.

Given that, I would suggest being the overall best supported club between the end of the 2nd world war and the start of the prem lge, and a haul of 17 major honours in their 114 year history to that point (including being the first English side to enter, and win, the European cup and the first English side to enter, and win, a European competition post Heysel) makes Utds history above average (at the very least) in terms of English football pre 1993.

All depends on your perspective I guess, and realise I'm being pedantic, but get a touch fed up of the assumption that no rag knows their history pre sky years, and also that there wasn't even much of a history to recall back then.

 

[JM Mcr]

Incidentally, I would never deny City's (or any clubs) history. We all suffer highs and lows and sometimes those lows can go on for some time. It doesn't take away any previous achievements and anyone who blindly disregards a rival on the basis they don't have as illustrious a past is a Muppet.

Utd and Liverpool are latter day versions of Huddersfield, Wolves or Preston - huge clubs of their time that dominated the domestic game (albeit for a more sustained period of time). What's to say they can't go on to emulate those sides again in future and fall from grace?

Nobody has a god given right to success, so don't understand why people can't just enjoy it whilst they can instead of wasting time being bitter.

 

[hutton who blue]

Incidentally, I would never deny City's (or any clubs) history. We all suffer highs and lows and sometimes those lows can go on for some time. It doesn't take away any previous achievements and anyone who blindly disregards a rival on the basis they don't have as illustrious a past is a Muppet.

Utd and Liverpool are latter day versions of Huddersfield, Wolves or Preston - huge clubs of their time that dominated the domestic game (albeit for a more sustained period of time). What's to say they can't go on to emulate those sides again in future and fall from grace?

Nobody has a god given right to success, so don't understand why people can't just enjoy it whilst they can instead of wasting time being bitter.

I look at the players Manchester City have now and look forward to the players we are going to attract. Manchester City are going to make more history.

 

[laserblue]

What most rags don't realise is that if it wasn't for City's generosity and good neighbourliness in hard times United's progress would have been severely restricted and they might not even exist today.

When City got stitched up by he FA over illegal bonuses to players (the practice was widespread but the FA wanted to make City a scapegoat because of their growing power) and were forced to sell off most of their squad, the club generously allowed United to pick up several top players including Billy Meredith and Sandy Turnbull. This was instrumental in United winning their first trophies, two league championships and an FA Cup, between 1908 and 1911. (After which they won jack shit for 37 years).

In the late 20s Manchester Central were founded and were soon pushing hard for admission to the Football League. Despite the 3rd Division North accepting them in place of Wigan Borough (who had resigned from the League) in 1931, City backed United in their opposition to Central being admitted to the League on the basis that United were struggling financially and had poor gates and a successful Central would cause United serious damage.

During and after the war City generously offered United the use of Maine Road for first team games while the swamp was being repaired. They stayed from 1941 until 1949 durig which time their record attendance was set (82,360 v Arsenal in 1948, a fact which they have airbrushed from their history).

Likewise in 1956-57 City allowed United to use Maine Road fo European Cup games as City had floodlights but the swamp didn't. Without that generosity the rags wouldn't have been able to appear in the European Cup until they next won the League Championship in 1965.