Manchester United share price rises as club looks set to pocket £88m July 31, 2014 The Glazer family is set to sell five per cent of Manchester United. In news that will delight the suits in the Old Trafford boardrooms and be met with indifference in the stands, it was announced yesterday that the American owners of the Premier League club could raise up to $150m (£88.7m) by the [...]
LA Clippers vs Manchester United: How does the $2bn sale compare to other sporting takeovers? July 30, 2014 The LA Clippers will become the most expensive franchise in NBA history after a California superior court judge approved the $2bn (£1.2bn) sale to Mircosoft's former chief executive Steve Ballmer. Until now, the largest sale price for an NBA franchise was just $550m – the cost of the Milwaukee Bucks and Washington Wizards takeovers [...]
Manchester United drop to third in Forbes’ world’s most valuable sports teams list July 18, 2014 They may be signing up sponsors like they're going out of fashion this week, but Manchester United have dropped one place to third in the annual Forbes list of the world's most valuable sports teams. The Premier League club have endured their worst season for over two decades, finishing seventh and missing out on a [...]
William Hill prepares rosy reception for new Manchester United manager Louis van Gaal July 17, 2014 Bookmakers William Hill took a novel approaching to welcome Dutch legend Louis van Gaal to the Premier League. The FTSE 100 listed firm hired a team of expert florists who started work at 6am on Wednesday to produce a mural portrait of the Dutchman made out of 25,000 red and white tulips in time for [...]
Manchester United hungry to win with Japanese noodle maker sponsorship deal July 16, 2014 Manchester United may have been waiting for Louis van Gaal to begin work as the club's new manager before getting down to the real business of the transfer market, but they've certainly been busy signing up sponsors. After announcing a blockbuster £750m kit deal with German sportswear giant Adidas on Monday, the Red Devils today [...]
Manchester United agree biggest ever football kit deal with Adidas July 14, 2014 German sportswear giant Adidas has agreed a bumper 10-year deal worth £750m to supply Manchester United's kit from next season, as the firm looks to strengthen its global position amid a battle of the sports brands. Adidas will provide training and playing gear to all the club's teams from the start of the 2015-16 season, [...]
Nike ends Manchester United kit sponsorship deal after 13 years due to rising cost July 8, 2014 Nike will no longer sponsor the kit of Manchester United after the next Premier League season due to the mounting costs of the deal. It marks the end of a 13-year partnership between the world’s biggest sport brand and one of the most popular football clubs in the world. Nike said in a statement: "Any [...]
Manchester United shares leap following Moyes sacking April 22, 2014 MANCHESTER United’s shares yesterday soared to their highest price since the retirement of Sir Alex Ferguson following confirmation that his successor David Moyes had been sacked. Shares leapt more than seven per cent to $19 on the New York Stock Exchange, before closing at $18.78, after the Premier League football club announced the dismissal of [...]
Deutsche takes a dim view of Manchester United player costs January 27, 2014 MANCHESTER United’s £37m record signing of Juan Mata from Chelsea, as well as the team’s current run of indifferent form, has prompted Deutsche Bank to downgrade its price target for the listed company’s shares from $21 to $16. “We now think we were too conservative in our player cost outlook,” says the Deutsche research team [...]
Manchester United cashes in on its global megabrand September 18, 2013 MANCHESTER United announced record annual revenues of £363.2m yesterday, with the English football giant massively expanding its commercial income streams. Commercial revenue jumped by 29.7 per cent to an impressive £152.5m in the year to 30 June, with the New York-listed club insisting that there is more to come. “We remain convinced there are huge [...]