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ManU Float
Topic Started: Aug 11 2012, 12:51 AM (175 Views)
Aussiebrum
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Mikael Forssell
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So the final price was USD $14 which is 30% below the target Glazer and friends set of $20.

And while it reduces debt, it also means they have to pay dividends to the investors.

Not surprised the IPO tanked, what I don't like is the Glazers are able to hold absolute control by allocating themselves "supershares" so the other investors don't get full voting rights.

Buried deep in the IPO document are the forward revenue forecasts. ManU are are forecasting a 3% reduction in gross revenue and an increase in player transfer fees. Not a great prospect.
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valleyblue
Paul Tait
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To be honest it's just another step in the wrong direction for football, the whole game is now so wrapped up in money making and having average players earning stupid salaries that it's rapidly becoming boring.

Never thought I'd get tired of football but the thought of the new season doesn't even remotely excite me.

What the Olympics has shown me is that there are many more exciting sports being played by people with more skill for less money.
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Aussiebrum
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Mikael Forssell
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Sadly the Olympic medals are also "bought".

The money "invested" to get each gold medal is stupid - the Chinese spend the most, have "factories" producing Olympic Athletes, the likes of North Korea do likewise and the Western economies like the USA, UK and most others have also spent a silly amount on elite athletes.

Personally I'd prefer the public money to be directed mostly at the grass roots sports - for me I'd like to see lots more kids playing sports of all sorts.

And I question how many "Olympic Sports" earn their status but thats for another day.
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tim
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Malcom Page
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Aussiebrum
Aug 11 2012, 12:51 AM
And while it reduces debt, it also means they have to pay dividends to the investors.

These type of shares do not carry a dividend... they will never receive one.

They'll be worth less than half within 12 months I reckon.
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Blue Raphealite
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Paul Tait
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Aussiebrum
Aug 11 2012, 12:06 PM
Sadly the Olympic medals are also "bought".

The money "invested" to get each gold medal is stupid - the Chinese spend the most, have "factories" producing Olympic Athletes, the likes of North Korea do likewise and the Western economies like the USA, UK and most others have also spent a silly amount on elite athletes.

Personally I'd prefer the public money to be directed mostly at the grass roots sports - for me I'd like to see lots more kids playing sports of all sorts.

And I question how many "Olympic Sports" earn their status but thats for another day.

Try looking at other countries Aussie.

Many socialist 'States' invest in youth. Their 'factories' are no different to the US or Germany. What's your point...rather aussie, what's your agenda, yet again ?

Th USA hand out Uni scolarships to kids from tennis to football, FREE sholarships, with the intent of Olympic success.
(And because of duality reasons they must offer a percentage of 'scholarships' to non-US citizens. Remember David Hemery ?)

What 'public money' is directed to US tennis stars, grid-iron or football stars?
What US money is directed to running, jumping, leaping US athletes?

Wimbledon makes a fortune each year for "grass roots" training...and I've never heard of a tennis scheme for kids in Birmingham or Coventry. They exist in Chelmsford and Worthing...Wallsall, West Brom? Birmingham...no !

But the mutli-millions that Wimbledon makes keeps the Annabell's and Justin's and their families going for 10-15 years.

Murray, to his credit, grew up without that patronage.

Public money for grass roots...yes, but not as spent by cricket and tennis authorities in the UK.
**thumbup


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Bart P. Cozner
Trevor Francis
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Man U float? I'd rather see 'em sink, without a trace....
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rob
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Ian Handysides
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Bart P. Cozner
Aug 14 2012, 12:45 PM
Man U float? I'd rather see 'em sink, without a trace....

Beat me to it Bart - though I was going to ask for a modification in thread title to...

..."ManU Float, Pompey Sink" to allow us to discuss the opposite ends of the financial spectrum :unsure:
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ChicagoBlues
Ian Bennett
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I'm sure RVP will be a nice dent in the finances.
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