Quote of the Day
"Supporters are going to be very angry about this. The Glazers have already cost United more than £550M ($863M) in debt-related fees, and now we have another slap in the face as they help themselves to half of the proposed [sale] proceeds."-- ManU Supporters Trust CEO Duncan Drasdo, on the ManU owners using only a portion of the IPO proceeds to pay down the club's debt. (BBC, 7/31)
Top Stories
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Off To The Market
ManU has started the process for its N.Y. Stock Exchange listing and hopes "to raise" up to $383M by selling a 10.2% stake in the club, according to James Ducker of the LONDON TIMES. A total of 16.7 million shares "will be offered and priced at between $16 and $20 per share." It values ManU at up to $3.6B, "making them the most valuable sports team in the world." However, club Owners the Glazers "drove another wedge between themselves and ManU supporters Monday night by reneging on their original plans to use all funds from a successful flotation in N.Y. to reduce the club's exorbitant debt."
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Waiting In The Wings
Rugby league in talks with new sponsors after trucking company drops out.
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Hearing The Cheers
Visa's "Go World" campaign has collected more than 28 million "cheers."
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Beats The Ambush Rap
American rapper Dr. Dre one-ups the ambush police with his branded headphones.
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The Bonus Round
Manchester City players shared nearly $10M in bonus cash from Premier League title.
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Finding A Silver Lining
The British public has become "more positive" about the Games, a poll finds.
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Young At Heart
Oakley signs sponsorship deal with 10-year-old Brazilian surfing prodigy.
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Back In The Game
Sky Sports, SPL announce a five-year package that will include Rangers games.
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Playing The Games
BBC maintains its London Games momentum behind diver Daley's disappointing duet.
