Bond issue buys Glazer time January 21, 2010 MANCHESTER United has managed to successfully price its dual tranche £500m bond at below 10 per cent, despite scepticism from some traditional high yield investors amid growing concerns about the level of the Premier football club’s debts. According to sources yesterday, United’s bank advisers were leaning towards pricing one tranche of the bond at 8.75 [...]
Bruce predicts curtains for the transfer window February 4, 2010 SUNDERLAND boss Steve Bruce believes the transfer window will be scrapped when a player eventually challenges the system in court as a restraint of trade. Bruce succeeded in pushing through a loan deal for Manchester City striker Benjani Mwaruwari despite missing the Monday deadline, but said the episode might otherwise have provided a test case. [...]
United won’t snatch Jack like Rooney, insists Moyes February 21, 2010 EVERTON manager David Moyes is confident he can keep his latest teenage prodigy, Jack Rodwell, out of the clutches of Manchester United. Rodwell, 18, boosted his burgeoning reputation by climbing off the bench to score a superb solo goal that capped a shock 3-1 win over the Premier League champions on Saturday. That will only [...]
Fans may bid for United at end of season January 31, 2010 A BID for Manchester United by wealthy fans could materialise by the end of the season. Football’s “Mr Fixit” Keith Harris, who has advised on the sale of clubs including Chelsea and West Ham, says he is “very confident” he could pull together enough investors to make a bid for the Old Trafford club. The [...]
You should shop elsewhere March 9, 2010 LIBERTY didn’t suffer as much as rivals during the recession, which is why it isn’t bouncing back quite so energetically. Consensus forecast for net asset value (NAV) per share was between 480p and 500p, but those expectations were always too high. That said, even the bears were disappointed by the actual NAV per share of [...]
United bond roadshow hits the City January 14, 2010 MANCHESTER United’s chief executive David Gill took the club’s marketing of its £500m bond issue to the City yesterday, 24 hours after pitching it to investors in Edinburgh. The United management team met potential investors at the Grocers’ Hall near the Bank of England. There is expected to be sufficient demand for the issue, although [...]
Bankers must highlight skills to rebuild trust January 17, 2010 When people talk about the UK financial services industry they inevitably associate it with the Square Mile. But in fact the industry is spread across the entire country. As Lord Mayor, I take an active role in highlighting the sector’s vital contribution to the broader economy both in London and beyond. My visit to Manchester [...]
Get set for a transfer scramble January 27, 2010 WE’VE not seen much in the way of transfer activity in this January window, but expect all that to change over the next few days as managers hit the mid-season panic button. Today and tomorrow are potentially massive days in determining the campaign and you can be assured at least one of the genuine title [...]
Capello’s is a team in crisis February 25, 2010 FOUR months ago, it was all sweetness and light. Now, it’s a total mess. With the World Cup getting ever closer and England losing another key player in Wayne Bridge, this is suddenly a team in crisis and Capello must be pulling his hair out. Let’s go through the side as it stands. Our No1 [...]
On-fire Rooney’s close to being best in the world, says Giggs February 3, 2010 RYAN GIGGS claims Manchester United team-mate Wayne Rooney is close to being one of the best players in the world at the moment. The England striker took his goal tally to 21 for the season with a sensational second goal in United’s 3-1 crushing of title rivals Arsenal at the weekend. And veteran Giggs believes [...]