Manchester United’s crisis has silver lining

April 22, 2014

The English soccer club fired David Moyes, hapless successor to star manager Alex Ferguson, after one awful season. But the drama has an upside. Turmoil at the top of the game sustains fan and sponsor interest. As one of football’s biggest brands, United should benefit.

Man Utd’s IPO transfer keeps owners in control

June 13, 2012

The English soccer club may switch a $1 bln listing from Singapore to New York. So much for brand-building in Asia. Despite public indifference, U.S. investors will see value in a strong global franchise. And the owners can bring over the lopsided governance in the original plan.

Man U’s New York listing crowns race to the bottom

June 25, 2012

Most of the $24 bln raised by the 21 top U.S. IPOs this year consisted of shares with lousy voting rights. Greater leeway for poor governance in the Big Apple rather than Americans going gaga for the sport is likely to be the greater driver of the UK soccer club’s market debut.

Man Utd counts on investors behaving like fanatics

August 2, 2012

The English soccer club’s supporters expect nothing but success. That ethos carries over to Manchester United’s IPO, which seeks to value the enterprise at an optimistic 22 times EBITDA. Though Man Utd fans are rarely disappointed, buyers of the stock at the mooted price will be.

Man Utd about to discover Fergie’s true worth

May 8, 2013

The reign of its most successful manager went hand-in-hand with the club’s financial rise. Alex Ferguson’s retirement removes the architect of its footballing triumphs. Fans and investors will now find out whether Manchester United’s value rests on the manager - or the business.