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Glazer Family To Raise More Than $150M By Selling 8 Million Manchester United Shares

Published in SportsBusiness Daily Global on 07 / 31 / 14

The Glazer family is selling about 5% of its holding in ManU, "taking advantage of the club’s rising share price" on the back of its £750M ($1.2B) kit supply deal with adidas, according to Roger Blitz of the FINANCIAL TIMES. ManU "will begin a roadshow next week" offering 8 million Class...

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Tags: Europe, United Kingdom

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Barcelona Visit A FC Cartagena Windfall

With 16 teams left in the Copa del Rey, Spanish third-tier side FC Cartagena will welcome Barcelona to its Municipal Cartagonova stadium Friday for "what is expected to be a sell-out," according to Rafael Molina of EL CONFIDENCIAL. If the stadium sells out, it would "mean the gate would reach" &euro ...

Tags: Finance, Europe

Valencia Politician Critical Of Grand Prix

Valencia, Spain political party Esquerra Unida, which "opposes the Valencian Community's Popular Party," criticized "holding an F1 Grand Prix event in Valencia for being done on a whim by former Valencia city council President Francisco Camps," according to Manuel Franco of AS. Esquerra Unida also c ...

Tags: Finance, Europe

AFL Carlton's Doubles Gaming Revenue

Australian Football League side Carlton's annual report revealed the club "more than doubled its gaming-related revenue" in '13 to A$19.7M ($17.8M), according to Baker & Edmund of the HERALD SUN. The "jump in revenue" -- up from A$9.5M in '12 -- did not "result in a large profit for the Blues th ...

Tags: Australia, Finance

Finance Notes

The Spanish Footballers Association (AFE) has brought to the Spanish Football Federation (RFEF) claims regarding club debts in the Spanish third division. There have "been 89 claims from 20 different teams" regarding a total of €503,365 ($682,000) in owed payments ( AS, 12/4 ). ... German inv ...

Tags: Finance

Braunschweig Reports Slight Loss

Bundesliga club Eintracht Braunschweig "released its financial numbers for the '12-13 season in which it made a slight loss," according to the SID. Braunschweig Managing Dir Soeren Oliver Voigt reported a loss of €253,000 ($344,000) at the club's annual general meeting on Monday. During the pre ...

Tags: Finance, Europe

Adidas Forecasts $23.1B In Sales For '15

Adidas on Tuesday confirmed its Route 15 targets forecasting sales of €17B ($23.1B) and an operating margin of 11% in '15. The confirmation came during the 2013 Investor Field Trip in Herzogenaurach, Germany, with senior management also sharing preliminary '14 goals: sales are expected to grow ...

Tags: Europe, Finance

Leeds United Set For Financial Boost

League Championship Leeds United is "in line for a major financial boost, with an unnamed consortium set to take shares in the club," according to the BBC. Owner GFH Capital said it has granted the investors "a period of exclusivity" and "expects the deal to go through" before the January transfer w ...

Tags: Finance, United Kingdom

RBS 'Careless' With $2.7B Loan To F1

The Royal Bank of Scotland was “extremely careless” when it lent $2.7B to F1 in '06, according to Christian Sylt of the London INDEPENDENT. Giving evidence last week during a trial surrounding CVC’s purchase of F1, CVC co-Chair Donald Mackenzie told the High Court that RBS and U.S. ...

Tags: Finance

Pacquiao Promoter Defends Tax Row

Boxer Manny Pacquiao's promoter, Bob Arum, said that he "expects certified US tax paperwork for the Philippine boxing hero to be received by authorities in his homeland 'very soon' after they froze the fighter’s assets," according to the AFP. Arum said that allegations of 2.2B pesos ($50M) in ...

Tags: Finance

Hoffenheim Reports $5.7M Loss For '12-13

Bundesliga club TSG Hoffenheim has released its financial numbers for the '12-13 fiscal year in which it lost €4.2M ($5.7M), according to the SWR. Hoffenheim CFO Frank Briel said, "The effects of the previous season will negatively affect the operating result of the current '13-14 fiscal year." ...

Tags: Finance, Europe

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