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SBD/October 24, 2012/Franchises
Glazer Family Has No Plans To Sell Manchester United "In The Near Future"
Published October 24, 2012
GOING GLOBAL: In London, Mark Ogden notes the Glazers’ plans to "tap into the growing football market in India could open up a hugely lucrative new stream of revenue for the club." Although Blackburn Rovers, a Football League Championship team "owned by Indian poultry producers Venky’s, played a game in Pune last season, no Premier League club has yet undertaken a tour of the country." With Bundesliga club Bayern Munich "drawing crowds in excess of 100,000 on recent visits to the subcontinent and United aware of the vast English-speaking middle-class in the country, offers to play in India next year are currently being discussed at Old Trafford." Research shows ManU has "20 million fans in India, but while visiting the country has been mooted in the past, issues such as the Indian climate during the English pre-season have scuppered previous efforts to tour" (London TELEGRAPH, 10/24).
TAKING STOCK: In London, Bill Edgar notes ManU "expressed concern" yesterday over their "falling share price but remain buoyant over their 'very strong financial position.'" The club’s shares were trading on the NYSE yesterday "at $12.24 each, down from $14 at the flotation in August, thus valuing the club at about $2.05 billion." The flotation raised about $231M, "half of which went to the Glazer family, the owners, and half to pay off some of the club’s debt." Many felt the Glazers’ business model "was unworkable when they became owners in 2005." But Woodward "believes it has succeeded through the Americans’ understanding of how to exploit new markets." Annual commercial income "has risen from about" $80M million to nearly $191.2M "during their seven years in charge, and the club believe that there is enormous scope for further improvement." ManU has identified "almost 100 kinds of products with potential for sponsorship, many of them obscure." ManU motor scooters are "sold in Thailand, while a company in Japan is the club’s official marine diesel engine partner" (LONDON TIMES, 10/24).
JUST DO IT: The DAILY MAIL's Charles Sale notes ManU will be looking to negotiate "Nike's biggest-ever sponsorship deal when they begin renewal talks over Old Trafford kit supply in February." The 13-year Nike agreement with ManU that "expires in 2015 is worth [$483M], plus a profit share on retail sales." Woodward is "looking for a 'major increase' from Nike." Nike has a "six-month window of exclusive talks" with ManU and the club is "sure to remind Nike that shirt sponsorship has risen more than six fold in the same period." The deal could reach [$1.6B] if Nike "signs up for a similar length of time" (DAILYMAIL.co.uk, 10/24).