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New record , 3 goals in the first half by one player from offsides. thats why they will not be european chamions again next year. refs in UK are blind but in Europe they have a 20-20 vision
how can you not play the best player in England and the 3rd best player in the world Wayne Rooney??????????? that mistake costs the shareholders hundreds of millions of dollars. what was the manager thinking. its like at t refuses to sell the hot i phones during the holiday season...
could SEC and FA investigate the following people:
mark clattenburg, mark halsey and their families.
i suspect the above people may hold position in MANU stock.
anyway, i wish MANU, right after the group stage in champions league(if they manage to continue) to meet Barcelona. that'll be very interesting
am a hardcore arsenal fc fan and a bitter hatred for manu but am no fool may pickup a few shares here
http://www.sportingintelligence.com/2012/10/08/exclusive-manchester-united-and-real-madrid-top-global-shirt-sale-charts-081001/
the above is a good news for investors.
however, i dont like the way they play. Manu will not be the Barclays or Uefa Champions league champions this year.
UEFA Champions league earnings
Playoffs: €2,100,000
Group stage: €3,900,000
For each match in group stage: €550,000
Group match victory: €800,000
Group match draw: €400,000
Round of 16: €3,000,000
Quarter-finals: €3,300,000
Semi-finals: €4,200,000
Losing finalist: €5,600,000
Winning the Final: €9,000,000
Manchester United (NYSE: MANU; the “Company” and “Group”) – one of the most popular and successful sports team in the world - today announced financial results for the fourth quarter and full year ended 30 June 2012.
Highlights
Earnings Per Share increased 87.5% to £0.15 and Net Income grew 79.2% to £23m.
New sponsorship deals since 1 July 2012 include Bwin, Toshiba Medical Systems, Yanmar, Fuji TV, Santander, Shinsei Bank and MBNA.
A world-record $559m sponsorship deal with General Motors for Chevrolet to be our exclusive shirt sponsor for seven years beginning in our 2014/15 season – an increase of approximately 120% in annual revenues over our existing shirt sponsor Aon
the deal includes $37m to be received for pre-sponsorship support and exposure in fiscal 2013 and 2014.
Commercial revenues grew 13.7% for fiscal 2012 to a record £117.6m due to:
the innovative DHL training kit deal
New Media and Mobile up 20.3% to £20.7 million
continued growth in renewals, additional categories and regional deals.
Broadcasting update
Premier League UK live TV rights increased 70% to £1bn a year for 2013/14 to 2015/16.
UEFA Champions League distributions available to clubs increased 20.7% to €910m a year for 2012/13 to 2014/15.
IPO completed in August raising net primary proceeds of $110.3m (approximately £68m) used to reduce our senior secured notes.
Commentary
Ed Woodward, Executive Vice Chairman commented, ‘We are delighted to announce our first results as a NYSE listed company; fiscal 2012 was the best year ever for Manchester United’s commercial business. Our world-record $559m shirt sponsorship deal with Chevrolet and the Premier League’s new £1bn a year UK television rights deal (a 70% increase) highlight the outstanding growth prospects for the future. We also expect a substantial increase in the value of the Premier League’s international television contracts scheduled to be announced later this year.
‘In addition, we continued to strengthen our team by signing world-class players such as Robin van Persie and Shinji Kagawa over the summer. We also opened a new commercial sales office in Hong Kong (our first outside the UK) to better position ourselves for growth in a region that represents 325 million of our 659 million followers.’
Outlook
For fiscal 2013, Manchester United expects:
Revenue to be £350m to £360m.
Adjusted EBITDA to be £107m to £110m.
This assumes the team reaches the quarter-finals of the UEFA Champions League and the domestic cups.
Key Financials (unaudited)
Twelve months ended
Three months ended
£ million
30 June
30 June
2012 2011 Change 2012 2011 Change
Commercial revenue 117.6 103.4 13.7% 28.1 26.7 5.2%
Broadcasting revenue 104.0 117.2 (11.3%) 27.5 43.9 (37.4%)
Matchday revenue 98.7 110.8 (10.9%) 18.9 29.2 (35.3%)
Total revenue 320.3 331.4 (3.3%) 74.5 99.8 (25.4%)
Adjusted EBITDA* 91.6 109.7 (16.5%) 7.0 29.0 (75.9%)
Profit/(loss) for the year from continuing operations (i.e. Net Income) 23.3 13.0 79.2% (14.9) (0.4) -
Basic and diluted earnings/(loss) per share** 0.15 0.08 87.5% (0.10) (0.00) -
Gross debt 436.9 458.9 (4.8%) 436.9 458.9 (4.8%)
Cash and cash equivalents 70.6 150.6 (53.1%) 70.6 150.6 (53.1%)
Our Net Debt/Adjusted EBITDA (Pro-forma for the IPO) as at 30 June 2012 was 3.3x.
*Adjusted EBITDA is a non-IFRS measure. We define Adjusted EBITDA as profit/(loss) for the period from continuing operations before net finance costs, tax credit/(expense), depreciation, amortisation of, and profit on disposal of, players’ registrations and exceptional items. We believe Adjusted EBITDA is useful as a measure of comparative operating performance from period to period and among companies as it is reflective of changes in pricing decisions, cost controls and other factors that affect operating performance, and it removes the effect of our capital structure (primarily interest expense), asset base (primarily depreciation and amortisation) and items outside the control of our management (primarily income taxes and interest income and expense). Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for an analysis of our results as reported under IFRS as issued by IASB. A reconciliation of Adjusted EBITDA to profit/(loss) for the period from continuing operations is presented in supplemental note 3.
**Basic and diluted earnings/(loss) per share is calculated by dividing the profit/(loss) attributable to owners of the Company by the weighted average number of ordinary shares in issue during the year, as adjusted for the reorganisation transactions described in supplemental note 1.
Sector Results
Commercial
Commercial revenue for the year increased 13.7% to £117.6 million driven by the addition of several new global and regional sponsorships including the innovative training kit deal signed with DHL, an increase in profit share pursuant to the arrangement with Nike, and the commencement of new mobile partnerships and increased payments from existing partnerships. For the year:
Sponsorship revenue increased 14.9% to £63.1 million;
Retail, Merchandising, Apparel & Product Licensing revenue increased 8.0% to £33.8 million; and
New Media & Mobile revenue increased 20.3% to £20.7 million.
For the fourth quarter, Commercial revenue increased 5.2% to £28.1 million, with:
Sponsorship revenue up 14.4% to £14.3 million,
Retail, Merchandising, Apparel & Product Licensing down 10.4% to £8.6 million, and
New Media & Mobile up 15.5% to £5.2 million.
Broadcasting
Broadcasting revenues for the year decreased 11.3% to £104.0 million primarily as a result of our elimination at the group stages of the Champions League. For the fourth quarter, revenues decreased 37.4% to £27.5 million as no participation fees were earned compared to Champions League participation fees from the quarter-final, semi-final and final in the fourth quarter of the prior year. In addition, we earned minimal revenues from the FA Cup following our fourth round exit, compared with reaching the semi-final in the previous year.
In June the Premier League has awarded the UK live rights to BSkyB and BT Vision (a new entrant) for £1bn a year (a 70% increase) for seasons 2013/14 to 2015/16. Since the year end UEFA have announced that the distributions available to clubs from the 2012/13 UEFA Champions League will increase by 20.7% to €910m.
Matchday
Matchday revenues for the year decreased 10.9% to £98.7 million as a result of having played four fewer home games compared with the prior season when we also received a share of the gate receipts from the Champions League final and FA Cup semi-final, both of which were held at Wembley Stadium. For the fourth quarter, revenues decreased 35.3% to £18.9 million as a result of playing two fewer home games compared with the prior year period and the impact from the previously mentioned gate receipts received in the fourth quarter of 2011.
Other Financial Information – Full Year
Operating Expenses
Total operating expenses increased 4.6% for the year to £285.1 million, primarily due to an increase in football player and staff compensation as we continue to invest in the team (partially offset by lower success related bonuses compared to the prior year); together with an increase in costs related to additional non-player headcount driven by the continued growth of our commercial operations.
Net Finance Costs
Net finance costs for the year decreased 3.5% to £49.5 million. The main reasons for this decrease are a £6.4 million decrease in interest payable on bank loans and senior secured notes primarily due to repurchases of senior secured notes (which were subsequently retired as part of the IPO process) and a £16.9 million decrease in interest payable and accelerated amortisation of debt issue costs on the payment in kind loan repaid in fiscal 2011, partially offset by an adverse FX swing of £21.6 million on the translation of the Group’s U.S. dollar denominated senior secured notes. In fiscal 2012, the Group reported an unrealized FX loss of £5.2 million compared to an unrealized gain of £16.4 million in fiscal 2011.
Foreign exchange gains or losses are not a cash charge and could reverse depending on dollar/sterling exchange rate movements. Any gain or loss on a cumulative basis will not be realised until 2017 (or earlier if our senior secured notes are refinanced or redeemed prior to their stated maturity). This exposure to FX movements has now been reduced now that the net primary proceeds (of approximately $110.3m) have been used to reduce our USD denominated senior secured notes.
Depreciation & Amortisation of Players’ Registrations
Depreciation for the year increased 7.1% to £7.5 million; and amortisation of players’ registrations for the year was relatively flat at £38.3 million. Increases in amortisation due to player acquisitions (primarily Phil Jones, David de Gea and Ashley Young) were offset by reductions due to contract extensions (primarily Luis Anderson, Chris Smalling and Antonio Valencia) and departed players (mainly Owen Hargreaves). The unamortised balance of existing players’ registrations at 30 June 2012 was £112.4 million.
Profit on the disposal of Players’ registration
Profit on the disposal of players’ registrations for the year was £9.7 million (as compared with £4.5 million the previous year).
Exceptional items
Exceptional items for the year were for £10.7 million (as compared with £4.7 million the previous year).
Income Taxes
The tax credit for the year increased £27.0 million to £28.0 million primarily due to the recognition of previously unrecognised tax losses as a deferred tax asset and the continuing release of the deferred tax liabilities.
Profit for the year from continuing operations
Profit for the year from continuing operations for the year increased 79.2% to £23.3 million primarily as a result of the increase in our tax credit.
Cash Flow
Cash flow from operating activities for the year decreased 35.8% to £80.3 million primarily due to lower Broadcasting and Matchday revenues, partially offset by increased Commercial revenues.
Net capital expenditures on property, plant and equipment and investment property for the year increased £15.4 million to £22.7 million relating mainly to the expansion of the Group’s property portfolio around Old Trafford, upgrades to its corporate hospitality facilities and general developments at Old Trafford, together with the commencement of the redevelopment of the First Team’s training facility at Carrington.
Net player capital expenditure for the year increased £38.2 million to £49.6 million relating primarily to the 2011 acquisitions of David de Gea, Phil Jones and Ashley Young partially offset by payments received from various disposals.
Net cash used in financing activities for the year was £38.8 million compared to net cash generated from financing activities of £46.6 million in the prior year. In fiscal 2012, the Company repurchased £28.2 million of the Company’s senior secured notes in open market transactions and paid an interim dividend of £10.0 million.
Cash and cash equivalents
Cash and cash equivalents at the year-end were £70.6 million.
Borrowings
Total borrowings were £436.9 million at 30 June 2012 compared to £458.9 million at 30 June 2011, and since the year end we have used the net primary proceeds from the IPO to reduce our U.S. dollar denominated senior secured notes.
Conference Call Information
The Company’s conference call to review fourth quarter and fiscal 2012 results will be broadcast live over the internet today, 18 September 2012 at 11:00 am Eastern Time and will be available on Manchester United’s investor relations website at http://ir.manutd.com. Thereafter, a replay of the webcast will be available for thirty days.
About Manchester United
Manchester United is one of the most popular and successful sports team in the world, playing one of the most popular spectator sports on Earth.
Through our 134-year heritage we have won 60 trophies, enabling us to develop the world’s leading sports brand and a global community of 659 million followers. Our large, passionate community provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and matchday.
Cautionary Statement
This press release contains forward-looking statements. You should not place undue reliance on such statements because they are subject to numerous risks and uncertainties relating to the Company’s operations and business environment, all of which are difficult to predict and many are beyond the Company’s control. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy. These statements often include words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible” or similar expressions. The forward-looking statements contained in this press release are based on our current expectations and estimates of future events and trends, which affect or may affect our businesses and operations. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results or results of operations and could cause actual results to differ materially from those in these forward-looking statements. These factors are more fully discussed in the “Risk Factors” section and elsewhere in the Company’s Registration Statement on Form F-1, as amended (File No. 333-182535).
Key Performance Indicators
Twelve months ended Three months ended
30 June 30 June
2012 2011 2012 2011
Matchday % of total revenue 30.8% 33.4% 25.4% 29.3%
Home Matches Played
FAPL 19 19 4 4
UEFA competitions 5 6 - 2
Domestic Cups 1 4 - -
Away Matches Played*
UEFA competitions 5 7 - 3
Domestic Cups 4 4 - 1
*Away matches played includes games played at a neutral venue (i.e. UCL final /FA Cup semi-final)
Broadcasting % of total revenue 32.5% 35.4% 36.9% 44.0%
Commercial % of total revenue 36.7% 31.2% 37.7% 26.7%
Nike and Aon % of Commercial 44.0% 47.4% 43.0% 52.6%
Partners and other % of Commercial 56.0% 52.6% 57.0% 47.4%
Other
Employees at period end 696 628 696 628
Staff costs % of revenue 50.5% 46.1% 66.2% 50.7%
Phasing of Premier League home games Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
2012/13 season* 3 7 5 4 19
2011/12 season 3 7 5 4 19
2010/11 season 3 7 5 4 19
*Note - Games can be rescheduled for TV or clashes due to domestic cup competitions. We will update each Quarter.
MANCHESTER UNITED plc
CONSOLIDATED INCOME STATEMENT
(unaudited; in £ thousands, except per share data)
Year ended
Three months ended
30 June
30 June
2012 2011 2012 2011
Revenue 320,320 331,441 74,492 99,801
Operating expenses (285,139 ) (272,653 ) (82,138 ) (87,113 )
Profit on disposal of players’ registrations 9,691 4,466 1,795 1,096
Operating profit/(loss) 44,872 63,254 (5,851 ) 13,784
Finance costs (50,315 ) (52,960 ) (14,591 ) (13,967 )
Finance income 779 1,710 103 356
Net finance costs (49,536 ) (51,250 ) (14,488 ) (13,611 )
(Loss)/profit on ordinary activities before tax (4,664 ) 12,004 (20,339 ) 173
Tax credit/(expense) 27,977 986 5,434 (524 )
Profit/(loss) for the period from continuing operations(1) 23,313 12,990 (14,905 ) (351 )
Attributable to:
Owners of the Company
22,986 12,649 (14,998 ) (501 )
Non-controlling interest 327 341 93 150
23,313 12,990 (14,905 ) (351 )
Earnings/(loss) per share attributable to the equity holders of the Company during the year
Basic and diluted earnings/(loss) per share (Pounds Sterling) 0.15
0.08
(2)
(0.10 )
(0.00
)(2)
(1) Also referred to as Net Income.
(2) As adjusted retroactively for all periods presented to reflect the reorganisation transactions described in supplemental note 1.
MANCHESTER UNITED plc
CONSOLIDATED BALANCE SHEET
(unaudited; in £ thousands)
2012 2011
ASSETS
Non-current assets
Property, plant and equipment 247,866 240,540
Investment property 14,197 6,938
Goodwill 421,453 421,453
Players’ registrations 112,399 129,709
Trade and other receivables 3,000 10,000
Non-current tax receivable - 2,500
798,915 811,140
Current assets
Derivative financial instruments 967 -
Trade and other receivables 74,163 55,403
Current tax receivable 2,500 -
Cash and cash equivalents 70,603 150,645
148,233 206,048
Total assets 947,148 1,017,188
MANCHESTER UNITED plc
CONSOLIDATED BALANCE SHEET (continued)
(unaudited; in £ thousands)
2012 2011
EQUITY AND LIABILITIES
Equity
Share capital - -
Share premium 249,105 249,105
Hedging reserve 666 (466 )
Retained deficit (12,671 ) (25,886 )
Equity attributable to owners of the Company 237,100 222,753
Non-controlling interests (2,003 ) (2,330 )
235,097 220,423
Non-current liabilities
Derivative financial instruments 1,685 -
Trade and other payables 22,305 28,416
Borrowings 421,247 442,330
Deferred revenue 9,375 18,349
Provisions 1,378 1,940
Deferred tax liabilities 26,678 54,406
482,668 545,441
Current liabilities
Derivative financial instruments - 2,034
Current tax liabilities 1,128 4,338
Trade and other payables 83,664 117,800
Borrowings 15,628 16,573
Deferred revenue 128,535 110,043
Provisions 428 536
229,383 251,324
Total equity and liabilities 947,148 1,017,188
MANCHESTER UNITED plc
CONSOLIDATED STATEMENT OF CASH FLOWS
(unaudited; in £ thousands)
Year ended
Three months ended
30 June
30 June
2012 2011 2012 2011
Cash flows from operating activities
Cash generated from operations (note 2) 80,302 125,140 66,523 84,208
Interest paid
(47,068
)
(167,499 ) (3,515 ) (7,775 )
Debt finance costs relating to borrowings - (118 ) - (118 )
Interest received 1,010 1,774 187 233
Income tax paid (3,333 ) (70 ) (59 ) -
Net cash generated from/(used in) operating activities 30,911 (40,773 ) 63,136 76,548
Cash flows from investing activities
Purchases of property, plant and equipment (15,323 ) (7,263 ) (5,685 ) (1,529 )
Purchases of investment property (7,364 ) - - -
Proceeds from sale of property, plant and equipment - 107 - 30
Purchases of players’ registrations (58,971 ) (25,369 ) (5,818 ) (1,207 )
Proceeds from sale of players’ registrations 9,409 13,956 3,285 1,818
Net cash used in investing activities (72,249 ) (18,569 ) (8,218 ) (888 )
Cash flows from financing activities
Proceeds from issue of shares - 249,105 - -
Repayment of secured payment in kind loan - (138,000 ) - -
Repayment of other borrowings (28,774 ) (64,499 ) (311 ) (37,947 )
Dividends paid (10,000 ) - (10,000 ) -
Net cash (used in)/generated from financing activities (38,774 ) 46,606 (10,311 ) (37,947 )
Net (decrease)/increase in cash and cash equivalents (80,112 ) (12,736 ) 44,607 37,713
Cash and cash equivalents at beginning of period 150,645 163,833 25,576 113,045
Exchange gains/(losses) on cash and cash equivalents 70 (452 ) 420 (113 )
Cash and cash equivalents at end of period 70,603 150,645 70,603 150,645
MANCHESTER UNITED plc
SUPPLEMENTAL NOTES
1 General information
Manchester United plc (‘the Company’) and its subsidiaries (together ‘the Group’) is a professional football club together with related and ancillary activities. The Company incorporated under the Companies Law (2011 Revision) of the Cayman Islands. The Company became the parent of the Group as a result of reorganisation transactions which were completed immediately prior to the completion of the public offering of Manchester United plc shares on the New York Stock Exchange (“NYSE”) in August 2012 as described more fully below.
1.1 The reorganisation transactions
The Group had historically conducted business through Red Football Shareholder Limited, a private limited company incorporated in England and Wales, and its subsidiaries. Prior to the reorganisation transactions, Red Football Shareholder Limited was a direct, wholly owned subsidiary of Red Football LLC, a Delaware limited liability company. On 30 April 2012, Red Football LLC formed a wholly-owned subsidiary, Manchester United Ltd., an exempted company with limited liability incorporated under the Companies Law (2011 Revision) of the Cayman Islands, as amended and restated from time to time. On 8 August 2012, Manchester United Ltd. changed its legal name to Manchester United plc.
On 9 August 2012, Red Football LLC contributed all of the equity interest of Red Football Shareholder Limited to Manchester United plc. As a result of these reorganisation transactions, Red Football Shareholder Limited became an indirect, wholly-owned subsidiary of Manchester United plc.
The new parent, Manchester United plc. had 155,352,366 shares in issue immediately after the reorganisation transactions and before the issue of new shares pursuant to the public offering. As a result historic earnings per share calculations reflect the capital structure of the new parent. The reorganisation transactions have been treated as a capital reorganisation arising at the reorganisation date (9 August 2012) and hence, apart from the impact on earnings per share, which for the year ended 30 June 2011 has been restated retrospectively in accordance with International Financial Reporting Standards, the impact of the transactions is disclosed in our financial statements as a non-adjusting post balance sheet event, with the accounting impacts to be reflected in financial statements for periods subsequent to 30 June 2012. As a result, the share capital disclosed in the balance sheet as of 30 June 2012 is that of the former parent, Red Football Shareholder Limited. Any impacts arising from the reorganisation transactions, including changes to share capital and the impact on taxation of assets and liabilities of the new parent as a consequence of becoming a US tax resident, will be accounted for at the date of reorganisation (9 August 2012).
MANCHESTER UNITED plc.
SUPPLEMENTAL NOTES (continued)
(unaudited; in £ thousands)
2 Cash generated from operations
Year ended
Three months ended
30 June
30 June
2012 2011 2012 2011
Profit/(loss) from continuing operations 23,313 12,990 (14,905 ) (351 )
Tax (credit)/expense (27,977 ) (986 ) (5,434 ) 524
(Loss)/profit on ordinary activities before tax (4,664 ) 12,004 (20,339 ) 173
Impairment charges - 2,013 - 2,013
Depreciation charges 7,478 6,989 1,807 1,737
Amortisation of players’ registrations 38,262 39,245 8,495 9,896
Profit on disposal of players’ registrations (9,691 ) (4,466 ) (1,795 ) (1,096 )
Net finance costs 49,536 51,250 14,488 13,611
Profit on disposal of property, plant and equipment - (46 ) - (15 )
Fair value (gains)/losses on derivative financial instruments (91 ) 1,047 174 (372 )
Increase in trade and other receivables (9,414 ) (17,483 ) (20,537 ) (14,562 )
Increase in trade and other payables and deferred revenue 9,625 34,727 84,407 72,735
(Decrease)/increase in provisions (739 ) (140 ) (177 ) 88
Cash generated from operations 80,302 125,140 66,523 84,208
3 Reconciliation of Adjusted EBITDA and profit/(loss) for the period from continuing operations
Year ended
Three months ended
30 June
30 June
2012 2011 2012 2011
Profit/(loss) for the period from continuing operations 23,313 12,990 (14,905 ) (351 )
Adjustments:
Net finance costs 49,536 51,250 14,488 13,611
Tax (credit)/expense (27,977 ) (986 ) (5,434 ) 524
Profit on disposal of players’ registrations (9,691 ) (4,466 ) (1,795 ) (1,096 )
Depreciation 7,478 6,989 1,807 1,738
Amortisation of players’ registrations 38,262 39,245 8,495 9,896
Exceptional items 10,728 4,667 4,365 4,667
Adjusted EBITDA 91,649 109,689 7,021 28,989
Manchester United plc Announces Fourth Quarter and Fiscal 2012
Today : Wednesday 12 September 2012
Manchester United plc (NYSE: MANU) (the “Company”), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth, today announced that it will report fourth quarter and fiscal 2012 full year results on Tuesday, 18 September 2012, at approximately 6:00 a.m. ET. The Company will host a conference call on Tuesday, 18 September 2012, at 8:00 a.m. ET to discuss the results.
A live, listen-only webcast of the conference call will be available on Manchester United’s investor relations website at http://ir.manutd.com. Thereafter, a replay of the webcast will be available for thirty days.
About Manchester United
Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth.
Through our 134-year heritage we have won 60 trophies, enabling us to develop one of the world’s leading sports brand and a global community of 659 million followers. Our large, passionate community provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and matchday.
Nice chart from yesterday, we will see how MANU does today !
nice goal by Vidic last saturday
i predict Manu will collect 12 points in the next 10 EPL games
02/09/2012, English Premier LeagueMore »
Southampton 17:00 Man. United
15/09/2012, English Premier LeagueMore »
Man. United 16:00 Wigan
23/09/2012, English Premier LeagueMore »
Liverpool 14:30 Man. United
29/09/2012, English Premier LeagueMore »
Man. United 18:30 Tottenham
07/10/2012, English Premier LeagueMore »
Newcastle 17:00 Man. United
20/10/2012, English Premier LeagueMore »
Man. United 16:00 Stoke
28/10/2012, English Premier LeagueMore »
Chelsea 17:00 Man. United
03/11/2012, English Premier LeagueMore »
Man. United 13:45 Arsenal
10/11/2012, English Premier LeagueMore »
Aston Villa 18:30 Man. United
17/11/2012, English Premier LeagueMore »
what a mess
one of the reasons glazer went public is that one day he can get a nice return if he sells the club.
on the other hand we have soros as a shareholder red flag
and the coach is keeping players till the last minute of the transfer season in the team, costing shareholders hundreds of thousands of $$$ per week!?
knowing that, negotiating teams can get very nice bargains from Manu before the transfer window is closed (Aug 31 2012)
knowing how Soros works, that's another red flag. im sure he'll use those shares to drive the pps down
were you wearing red eyeglasses!? how exactly did Manu dominated the game? shots on target, shots off target, corner kicks... the coach thinks, because they're Manu, everybody should bend over. the fans hate glazer, LOVE UNITED HATE GLAZER..., but with this coach right now Manu is going nowhere. Pep is enjoying life in NYC. there'll be no excuse for glazer if he dont bring him to Manu. the other one is tied up in Madrid right now. and from what i'm hearing, the current coach plans to stay for 2 more years. that screams pain and losses for shareholders, fans, sponsors...
Soros reveals stake in Manchester United
BY Reuters 7:25 PM ET 08/20/2012
By Katya Wachtel and Olivia Oran
http://stockcharts.com/h-sc/ui?s=MANU
NEW YORK, Aug 20 (Reuters) - Billionaire money manager George Soros reported a nearly 2 percent stake in Manchester United Plc on Monday, in one of the first revelations of investors in the British soccer club's controversial initial public offering earlier this month.
The veteran investor's eponymous hedge fund, Soros Fund Management LLC, owns 7.85 percent of Manchester United's (MANU) Class A shares, or about 1.9 percent of the entire club, according to a filing with the U.S Securities and Exchange Commission.
Manchester United (MANU), which went public on Aug. 9, priced below its expected range amid broad skepticism about the valuation the club's owners wanted. It also made the identity of the eventual shareholders a matter of particular interest for other institutional investors.
The club is owned by the Glazer family, which has interests ranging from shopping malls to the Tampa Bay Buccaneers (SL/nfl.tamp.bucc) football team.
Soros is one of the closely watched investors in the $2 trillion hedge fund industry, and oversees about $25 billion in assets, even after returning money to outside investors and converting his fund into a family office last summer. The firm now mainly manages money for Soros, his family and his foundation.
This is not the first time that the 82-year-old money manager has taken interest in a soccer club. In 2008, the billionaire eyed a takeover of Italian club AS Roma as the team struggled with debt issues but later decided against it.
Soros was likely drawn to Manchester United (MANU) because of the team's lucrative media rights deals, said Philip Hall, a partner at New York-based investment bank Inner Circle Sports which has advised on high-profile English Premier League takeovers including Fenway Sports Group's acquisition of Liverpool.
"This could be a play by Soros on the strength of Manchester United's (MANU) brand and the English Premier League's growing media rights," Hall said. "The domestic rights are set to increase 70 percent for the '13/'14 season and the international media rights, set to be announced in late October or early November, are also expected to come in at a very robust uplift."
Soros Fund Management did not immediately return a request for comment.
Soros' filing came after Manchester United (MANU) lost its Premier League season opener on Monday against Everton. But the team said last week it had signed star striker Robin Van Persie from Arsenal.
Shares of Manchester United (MANU) closed down 2.7 percent at $13.06 on Monday, after hitting a new low of $12.91 earlier in the day. They priced at $14 per share in the IPO.
VANITY PURCHASE?
Manchester's offering on the New York Stock Exchange raised just over $233 million. Only the Class A shares were offered in the IPO. Soros Fund Management bought 3,114,588 Class A shares in the team, according to the regulatory filing. The Class A shares carry one vote each, compared with 10 votes for every Class B share.
The Glazers, who purchased Manchester United (MANU) for 790 million pounds ($1.2 billion) in 2005 in a highly levered deal, have kept control of the club after the IPO.
Manchester United (MANU) fans have criticized the Glazers for over-levering the once debt-free team. The club's debt load stood at over 437 million pounds ($682 million) as of June 30.
"This seems like a vanity purchase. The stock was pitched to a lot of high net worth accounts and a lot of those people were interested in the stock for the same reason," said Sam Hamadeh, CEO of research firm PrivCo. "We don't believe Manchester United's (MANU) shares are worth any more than mid-single digits and there doesn't seem to be any justification for what could eventually drive shares up."
Manchester United (MANU) is not the only company struggling to boost its share price after a public offering, which has caught Soros's attention. A recent quarterly regulatory filing revealed that he had bet on social networking giant Facebook Inc (FB) in the second quarter, which on Monday hit a new low of $18.75, more than 50 percent below the price they were issued at in May. However, the stock did end the day 2.3 percent higher at $19.48.
Besides investing in headline-grabbing corporate stocks, it has been a busy summer for Soros, who recently announced his engagement to girlfriend Tamiko Bolton in Southampton. It will be Soros' third marriage and the second for his 40-year-old fiance.
The veteran investor rose to fame and fortune two decades ago on a now-historic trade, in which he successfully bet on the devaluation of the British pound and made $1 billion in the process. (Editing by Leslie Adler, Paritosh Bansal and Bernard Orr)
MANU dominated the game but Everton has done well lately against them. Some teams just cause hiccups for other teams...see Patriots and Giants. LOL!
Must be a GOOD reason that the Soros Fund owns so much of MANU...
there'll be more losses... the fans may like the coach, the shareholders dont.
Soros Fund files 13G with SEC regarding Manchester United $MANU : 7.85% ownership stake w/3.1m shares. United's loss today prob doesn't help
https://twitter.com/marketfolly
yep. terrible first half for the shareholders. has the coach lost his mind. if Manu were playing Chelsea or City they woulda be down by 3 goals...
1 hour to go. imo todays game will be x1. players have to satisfy fans, themselves, sponsors, bets, and the additional pressure- shareholders. weak midfield and injury tortured defense will make this game interesting
Hey guys quick question: if I short this stock, how long until I have to cover? Thanks.
syndicate bid is gone and it's over.
We will agree to disagree...we will have our answer soon enough!
do you think Manchester basketball team with Kobe Bryant have a chance against Miami Heat. it's the same situation... he can definitely sell some jerseys, and he's an amazing player! and again, only Pep or Jose can do the job right
ROTFLMAO! Right...
He’s an established Premier League player. He can play out wide, off another forward or on his own up front, and he scores goals – 37 of them last season!
What is NOT to like!?
R.V Persie will not be able to help the club win the title in England and Europe. Pep or Jose are the only people capable of doing that right now. that translates to losses for the shareholders.
Glad to see you got my invitation here! Welcome!
Good Morning , and Welcome !!
I wonder what positive piece if news item they can muster in the near term to give investors a lift? Some people really have money to waste! This will no doubt be a disaster.
My guess is a gap down on Monday - they propped her up pretty well on Friday with huge bid support at $14.00 but that won't be there on Monday IMO - down she goes -
GLTU......debt, debt, debt and more debt.
MANU reminds me very much of FB. This has backfired bigtime and will only get worse.
Have you ever watched them play? Do you know the history?
You must have this team confused with other shite English clubs!
SWEET! Now I can own part of one of the best football teams in the world!
Jeffreys or somebody else who provided the $14 support may own all the ipo plus the short volume
just realised something. im buying first thing monday. it's gonna be a bloody and messy short covering. Manu will go well over $20
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Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.
The 1958 Munich air disaster claimed the lives of eight players. In 1968, under the management of Matt Busby, Manchester United was the first English football club to win the European Cup. The current manager, Sir Alex Ferguson, has won 24 major honours since he took over in November 1986.[3][4]
Manchester United has won many trophies in English football, including a record 19 league titles, a record 11 FA Cups,[5] four League Cups and a record 19 FA Community Shields. The club has also won three European Cups, one UEFA Cup Winners' Cup, one UEFA Super Cup, one Intercontinental Cup and one FIFA Club World Cup. In 1998-99, the club won a Treble of the Premier League, the FA Cup and the UEFA Champions League, an unprecedented feat for an English club.
Manchester United is one of the wealthiest and most widely supported football teams in the world.[6][7][8][9] As of July 2012, the club is number one in Forbes magazine's annual ranking of the world's 50 most valuable sports teams, valued at $2.23 billion.[10] After being floated on the London Stock Exchange in 1991, the club was purchased by Malcolm Glazer in May 2005 in a deal valuing the club at almost £800 million.[11] In August 2012, Manchester United made an initial public offering on the New York Stock Exchange.[12]
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