Hopp To Become Majority Owner Of TSG Parma Owner Confirms Takeover Of Club Hangin' With ... Seth Holmes Match-Fixing Law Doesn't Go Far Enough Allianz Arena Increases Capacity To 75K Munich City Council Approves New Arena Marussia Nose Section Sells For $23,500 Ecclestone Pushes For Engine Changes FIBA Says JBA Facing Serious Issues Executive Transactions
SBD Global/October 24, 2012/FranchisesPrint All
ManU is "hoping to break into the U.S. market" by opening an office on the East Coast to "maximize commercial opportunities in the U.S.," where the club is now listed on the N.Y. Stock Exchange, according to the AP. The location of the office is yet to be determined, but it would "replicate the operation" set up in London by U.S. Owner the Glazer family that has "turned United into one of world football's biggest moneymakers." ManU Vice Chair Ed Woodward said, "The U.S. we view as a really good opportunity. The U.S. media rights for soccer have rocketed." Woodward said that the U.S. office would be "the first such overseas office to be opened by a football club" (AP, 10/23).
TO SELL, OR NOT TO SELL: REUTERS' Keith Weir reported that the Glazer family has "no plans to sell" the club following flotation. Woodward said, "It's a very popular business that people have interest in. The answer is [it's] not for sale. The opportunities that we see going forward and the excitement that they have in this is undiminished. I don't see them (the Glazers) selling completely for many, many years" (REUTERS, 10/23). In London, Martyn Ziegler reported that Woodward "did accept, however, that one of the Glazers could dispose of their shares at some point." Woodward: "They could -- they are a family of six siblings and from time to time, seven to 10 years, who knows if one wants to sell a small piece or not" (INDEPENDENT, 10/23).
TRANSFER SPENDING: Also in London, Sam Wallace noted that Woodward said that ManU "did not miss out on signing the Brazilian midfielder Lucas Moura because of a lack of transfer funds," and the Glazer family "have never denied" Manager Alex Ferguson the resources to sign a player. ManU’s "relatively low impact in the transfer market in recent years" -- a trend which changed to a degree in the summer with the signing of Robin van Persie and Shinji Kagawa among others -- "has also raised suspicions that the servicing of the Glazers’ debts have restricted Ferguson in the transfer market." Woodward said: “The Glazers have never said ‘No’ to Sir Alex’s request for a player" (INDEPENDENT, 10/23).
INDIA TOUR IN WORKS: In London, Mark Ogden wrote that the Glazer family is "exploring options for the club to become the first Premier League team to tour India." 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 EPL Blackburn Rovers, owned by Indian poultry producers Venky’s, played a game in Pune, India last season, "no Premier League club has yet undertaken a tour of the country" (TELEGRAPH, 10/23).
New National Rugby League Parramatta Eels CEO Ken Edwards started work Monday and said that his first major goal was to "dramatically boost the Eels' membership base," according to Brad Walter of the SYDNEY MORNING HERALD. Edwards said, "Parramatta is a huge area. There is a population of over 2 million in the catchment area out here, and we need to make better connections with the fans and growing the membership for the benefit of rugby league as well as the Eels.'' The club has struggled on the field, but if the membership continues to grow to the levels Edwards is aiming for, the Eels "will not be able to accommodate them at Parramatta Stadium." The arena only has a capacity of 20,741. Edwards added, ''That will certainly be an issue that we need to be aware of. If we are like the Rabbitohs and have 25,000 members, that is more members than there are seats at Parramatta Stadium'' (SMH, 10/23).