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manchester united

October 25, 2011

Class distinction extends to company ownership with families ensuring they are upper class. But what does this mean for corporate governance at family businesses?

As one of the most successful football teams in the world, Manchester United is used to commanding headlines and courting the media. But when reports began emerging in August that the club would be floated on the Singapore stock exchange, no one at United was talking, not least the Glazers, the American family which bought the team in 2005.

Manchester United ‘to delay IPO plans’

September 21, 2011

Manchester United’s planned initial public offering has been put on hold amid continued instability in global markets, according to reports.

The Glazer family, which purchased the English football club in a controversial buyout in 2005, is willing to wait until next year if necessary before listing United on the Singapore stock exchange, the Financial Times said.

Profits soar at Glazer family’s Manchester United

September 1, 2011

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million (€124.69) last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

Glazer family ‘to relinquish sole ownership of Manchester Utd’

August 17, 2011

The Glazer family is preparing to give up sole ownership of Manchester United, with reports suggesting a partial flotation of the British football club is likely.

An initial public offering in Singapore, which could raise up to $1 billion, is reportedly being considered and could take place by the end of the year depending on market conditions.

The cash could come as a welcome relief to the debt-ridden club, which is currently forking out £45 million a year in interest on its deficits.

Billionaires betting on football

May 6, 2011

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

Football in the UK attracts investment from prominent figures, many of them linked to family businesses including steel magnate Lakshmi Mittal and Abu Dhabi’s Sheikh Mansour. In Italy families back some of the largest clubs; the Agnellis finance Juventas and the Moratti family are behind Inter to name just a few.

Glazer family: "United is not for sale"

May 28, 2010

The Glazer family, owners of English Premier League football club Manchester United, made it clear today that the club is not for sale despite facing growing discontent from fans and reported offers to purchase the club.

Is it the end of the road for family investment in sports clubs?

January 20, 2010

As two of the English Premier League’s top clubs battled for bragging rights last night in the Manchester derby, the clash also saw two of the biggest families in the Premier League go head-to-head, writes Paul Golden

As two of the English Premier League's top clubs battled for bragging rights last night in the Manchester derby, the clash also saw two of the biggest families in the Premier League go head-to-head. The Glazier family, owners of Manchester United, and Abu Dhabi's ruling family, who own Manchester City, have both been making headlines in the past week for the levels of debt at their respective clubs, begging the question is it the beginning of the end for family investment in sports teams?