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Sir Jim Ratcliffe Completes 25% Investment in Man UnitedManchester United have confirmed they have agreed to sell a minority stake to Sir Jim Ratcliffe, with the INEOS chairman also committed to investing another $300 million into the club. Ratcliffe has acquired a 25% stake in the club in a deal worth around £1.3 billion ($1.6bn) and will also take responsibility for football operations at United. A statement issued on Sunday said his further $300m commitment is "intended to enable future investment into Old Trafford." "As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United board that delegates us management responsibility of the football operations of the club," Ratcliffe said in the statement. "Whilst the commercial success of the club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times. Ratcliffe will acquire 25% of the club's Class B shares, previously exclusively held by the Glazer family, and up to 25% Class A shares, which are traded on the New York Stock Exchange. A source told ESPN that two seats on the football board will go to Sir Dave Brailsford and Jean-Claude Blanc. There's no formal agreement for Ratcliffe to become full owner of United, but he would get first refusal should the Glazers decide to sell more shares. Despite interest from Ratcliffe and Qatari businessman Sheikh Jassim Bin Hamad Al Thani in a full takeover at Old Trafford, the Glazers opted to accept Ratcliffe's offer to buy a minority stake. Under the terms of the agreement, the Glazers will remain at the club as majority shareholders. The Glazers have been deeply unpopular with fans since their heavily leveraged buyout of the club in 2005.
NYSE:MANULong
by DEXWireNews
British Billionaire Set to Acquire a 25% stake in MANUManchester United's American owners, the Glazer family, are set to finalise a $33 per share deal with Jim Ratcliffe that will see the British billionaire acquire a 25% stake in the English soccer club, Sky News reported on Friday. The deal, which could be confirmed later on Friday, will bring to an end a year-long sale process. The Glazer family announced last November that they were exploring "strategic alternatives" for the club, including a possible sale and were open to fresh investment. Ratcliffe's offer represents a premium of 79.1% to the stock's Thursday closing price of $18.43, valuing the Old Trafford club at about $5.4 billion excluding debt. While the deal will not see the back of the Glazers, who are deeply unpopular with the fans of the 20-times English soccer champions, it will result in major changes to the way the club is run. Ratcliffe wants to overhaul the club's football operations. It has underperformed on the pitch since former manager Sir Alex Ferguson retired in 2013 following a period of unprecedented success for the club. Ratcliffe has promised sweeping changes. The club announced on Wednesday that Chief Executive Richard Arnold would depart after less than two years in the top job. Other executives are expected to leave after the deal is finalised, sources say. The deal values Manchester United above Premier League soccer rival Chelsea, which was sold by Russian businessman Roman Abramovich last May for $5.2 billion -- including debt and investments -- to an investment group led by U.S. billionaire Todd Boehly and private equity firm Clearlake Capital. Manchester United generates more revenue and has a larger fan base than its London rival. Including debt the deal values Manchester United at between $6 billion and $6.5 billion. The Glazer family has faced intense criticism from fans over its handling of this key part of the club's operations. The family, which made its fortune in real estate, retail and healthcare and owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds in 2005. The six descendants of American businessman Malcolm Glazer, who died in 2014, currently control 96% of Manchester United's voting stock. Price Momentum MANU is trading in the middle of its 52-week range and below its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some downward momentum.
NYSE:MANU
by DEXWireNews
MANU Manchester United Potential Buyout PriceMANU Manchester United could be changing ownership after 17 years. The Glazer family are willing to listen to offers for one of the biggest football clubs in the world. Manchester United is believed to be valued at £5bn. Its Market Cap now is £3.706Bil. So there is still upside potential. Looking at the MANU Manchester United options chain ahead of earnings , i would buy the $26 strike price Calls with 2023-1-20 expiration date for about $0.92 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
NYSE:MANULong
by TopgOptions
3
Manchester United Bearish Cycle...!The first point to note is the assumption I take of an impulsive cycle to the upside in the Intermediate (yellow) degree, of which we ended wave 5 at $27.74 then began a downward cycle of which we have completed the 1st leg in 7 swings and 2nd leg in 11 swings this was effected by the buying of Ronaldo giving us a 11 swings instead of the common 7 swings. however since that purchase the decline resumed and we are going lower to about $9.16 areas at the least after of which we will see the resumption of the bullish cycle to the upside which will mostly likely break to new highs...
NYSE:MANUShort
by pkhumalo
Bullish on ManU going into 2017-18 BPL SeasonRed Devils fans' hope should be up! I am applying Elliott Waves to MANU (Manchester United Football Club) stock price. Fundamentally, things are looking good with new manager José Mourinho and new player signings. It will be interesting to watch if the chart correlates with the clubs performance this season. Technically speaking, after a series of corrective waves forming the large sideways movement over the last three years, the last couple waves have been clear five wave patterns. The former wave C of (C) five-wave decline fits to complete the larger zigzag correction at two degrees. The latter five wave impulse, suggestive of the new direction of the larger trend, is likely completing its fourth wave, wave ((4)), setting up for a new high. The leading alternate count is very bullish, suggesting a larger 5 wave impulse will unfold and the current decline is the wave 2 corrective wave. The second alternate implies a larger correction is unfolding and that this is another zigzag within it. However, the next direction would still be up. I am interested in buying at 15.50 and 15.00.
NYSE:MANULong
by Kappy