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From the MSB: Manchester United Becomes First $3B Sports Team
Posted on 1/28/13 at 9:59 am
Posted on 1/28/13 at 9:59 am
LINK
PRINT THE T-SHIRTS
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 1/28/13 at 10:02 am
4
Posted on 1/28/13 at 10:04 am to WarSlamEagle
"they hate Americans over there, pure and simple"
Posted on 1/28/13 at 10:06 am to WarSlamEagle
F
Posted on 1/28/13 at 10:09 am to LSUSOBEAST1
U
Posted on 1/28/13 at 10:12 am to McRebel42
C
Posted on 1/28/13 at 10:14 am to glassman
K?
Posted on 1/28/13 at 10:15 am to AliveAtTheHiveTiger
M
Posted on 1/28/13 at 10:17 am to LSUSOBEAST1
Doesn't matter;
loads of debt.
loads of debt.
Posted on 1/28/13 at 10:31 am to thenry712
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.
Posted on 1/28/13 at 10:32 am to LSUSOBEAST1
Y
Posted on 1/28/13 at 4:44 pm to LSUSOBEAST1
quote:
LSUSOBEAST1
Damn it
We almost had it just missing the "A","N","C" & "S"
Posted on 1/28/13 at 5:04 pm to WarSlamEagle
Posted on 1/28/13 at 5:24 pm to McRebel42
I played the role of Stoke to foil your feeble attempts at a cryptic message.
Posted on 1/28/13 at 7:26 pm to WarSlamEagle
Wahooo!! I'll be in Manchester for the Derby this April, so I told my SO today to get on finding tickets.
Posted on 1/29/13 at 10:13 am to thenry712
quote:
I played the role of Stoke to foil your feeble attempts at a cryptic message.
Damn you
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