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Franchises

Manchester United Again Puts Plan To Launch IPO In The U.S. On Hold

EPL club Manchester United has "temporarily paused plans to launch" its $300M IPO in the U.S., "where market volatility has soared in recent days as macroeconomic fears hit share prices," according to Massoudi, Blitz & Sakoui of the FINANCIAL TIMES. The pause comes as U.S. markets "have been unsettled by further concerns over debt and economic growth in the eurozone, with the S&P 500 index falling 2 per cent since the start of the week." Sources said that the current delay "had to do with market conditions." It was "not immediately clear if United would still attempt to list its shares before the current IPO window closes in mid-August, ahead of the traditional market lull that runs through to the US public holidays in early September" (FINANCIAL TIMES, 7/26). The GUARDIAN's Goodley & Milmo note the move is "the latest setback in a long-running attempt to list the company's shares, a move that had previously been earmarked for the exchanges in Hong Kong and Singapore, and comes as the club had been looking to kick off their roadshow presentations to potential share buyers this week" (GUARDIAN, 7/26). Sources said that ManU “may start the road show as soon as Friday or early next week.” The offering is “expected to value the team at roughly $3 billion” (REUTERS, 7/25).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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