From the MSB: Manchester United Becomes First $3B Sports Team | TigerDroppings.com
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WarSlamEagle
Gonzaga Fan
Manchester United Fan
Member since Sep 2011
17431 posts

From the MSB: Manchester United Becomes First $3B Sports Team

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quote:

Shares of the English soccer team, which were offered to the public last August at $14, did poorly at first but have soared the past few days. Closing at just under $17, Manchester United’s stock has outperformed the S&P 500 since its IPO and made the controlling Glazer family and legendary investor George Soros, who bought a big stake in the team shortly after it went public, wealthier.

The recent increase in its stock price has pushed up Manchester Untied’s enterprise value (equity plus debt) to $ $3.3 billion, the highest value of any team in the world. The second most valuable sports team in the world are the NFL’s Dallas Cowboys, worth $2.1 billion.

Despite a drop in first quarter earnings because of a reduction in television revenue, the appetite for shares of the 19-time English champion has increased due to better earnings, new sponsorship deals with Japan‘s Kansai, and China Construction Bank, and the potential of much more lucrative English Premiership (Manchester United currently is in first place) and Champions League payouts this year.

Publicly traded sports teams have traditionally been bad investments. But thus far the Red Devils are bucking history.


PRINT THE T-SHIRTS
This post was edited on 1/28 at 10:02 am



Tweezy
west of east
Member since Apr 2008
11941 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
"they hate Americans over there, pure and simple"


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LSUSOBEAST1
LSU Fan
Member since Aug 2008
28482 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
F


McRebel42
Ole Miss Fan
North Mississippi Hollywood
Member since Oct 2012
11532 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
U


glassman
USA Fan
Next to the beer taps at Finn's
Member since Oct 2008
103068 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
C


AliveAtTheHiveTiger
USA Fan
LSU Town, USA
Member since Mar 2008
707 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
K?


LSUSOBEAST1
LSU Fan
Member since Aug 2008
28482 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
M


thenry712
Gonzaga Fan
Zasullia, Ukraine
Member since Nov 2008
15366 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
Doesn't matter;


loads of debt.


WarSlamEagle
Gonzaga Fan
Manchester United Fan
Member since Sep 2011
17431 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
I don't think the loads of debt are really hurting United. And the cash the Glazers are raking in from the stocks are mostly going towards getting rid of that self-imposed debt. It's not like United has spent more than it could or anything like that...it was a ploy by Mr. Glazer.


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WarSlamEagle
Gonzaga Fan
Manchester United Fan
Member since Sep 2011
17431 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
Y


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McRebel42
Ole Miss Fan
North Mississippi Hollywood
Member since Oct 2012
11532 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
quote:

LSUSOBEAST1


Damn it We almost had it

just missing the "A","N","C" & "S"




StraightCashHomey21
West Virginia Fan
Huntingdon,UK
Member since Jul 2009
61276 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team


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thenry712
Gonzaga Fan
Zasullia, Ukraine
Member since Nov 2008
15366 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
I played the role of Stoke to foil your feeble attempts at a cryptic message.


Pumpkins
LSU Fan
Baton Rouge
Member since Oct 2010
11448 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
Wahooo!! I'll be in Manchester for the Derby this April, so I told my SO today to get on finding tickets.


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McRebel42
Ole Miss Fan
North Mississippi Hollywood
Member since Oct 2012
11532 posts

re: From the MSB: Manchester United Becomes First $3B Sports Team
quote:

I played the role of Stoke to foil your feeble attempts at a cryptic message.



Damn you


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