Anyone who wants to buy Manchester United will need deep pockets and a big heart. The famous soccer club’s controlling shareholders, the Glazer family, said on Tuesday they’re considering selling after 17 years. Rich valuations mean it’s a good time to get out. A less certain outlook and trouble on the pitch means a new owner will have to be motivated by more than financial goals.
they’re considering selling after 17 years. Rich valuations mean it’s a good time to get out. A less certain outlook and trouble on the pitch means a new owner will have to be motivated by more than financial goals.
A resilient financial performance, and continuing demand from financial and sovereign investors for high-profile soccer clubs, mean the Glazers can expect a decent payday., which is smaller and less profitable, recently fetched 2.5 billion pounds – a multiple of 5.7 times trailing revenue. On the same metric Manchester United would be worth $4 billion including debt – a third more than its current value, and four times what the Glazers paid in local currency terms.
The broader question is how soccer revenue holds up when fans are facing an economic squeeze. Matchday revenue may suffer and broadcasters may struggle to keep charging big subscription fees.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Breakingviews: Disney offers an Iger solution to an Iger problemBob Iger isn’t really the reset that Walt Disney needs, but for now, he’s the reset the $180 billion media giant is getting. The company on Sunday announced its former chief executive officer – who previously had a 15 year tenure – is coming back to replace Bob Chapek, who took the reins from Iger less than three short years ago. The board is mandating that Iger set the strategic direction of the company and find his successor. This time, though, Iger’s legacy – and the board’s jobs – are on the line.
Read more »
Cristiano Ronaldo to leave Manchester United 'with immediate effect'The 37-year-old forward conducted an explosive interview on the eve of the World Cup, criticizing manager Erik ten Hag and the club's owners.
Read more »
Cristiano Ronaldo to leave Manchester United 'with immediate effect'The 37-year-old forward conducted an explosive interview on the eve of the World Cup, criticizing manager Erik ten Hag and the club's owners.
Read more »
Amid a tumultuous season, Cristiano Ronaldo departs Manchester UnitedHis first season back with Manchester United went well as he scored 18 goals in 30 appearances. But kicking off the 2022-23 season was a struggle as he was benched.
Read more »
Cristiano Ronaldo leaving Manchester United 'with immediate effect'BREAKING: Cristiano Ronaldo will leave Manchester United “with immediate effect,” the Premier League club said.
Read more »
Cristiano Ronaldo to leave Manchester United with immediate effect | CNNJUST IN: Soccer star Cristiano Ronaldo is leaving Manchester United effective immediately, the club says, just days after he gave an explosive TV interview
Read more »