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Old 03-05-2021, 09:31 AM   #921
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Default Re: Manchester United - Biz, Financial news 'n rumors

Manchester United's largest sponsor adidas unhappy with club over falling shirt sales as they now lag behind Liverpool... but German kit producer was NOT behind Ed Woodward's departure from Old Trafford

* Ed Woodward announced his intention to leave amid the Super League fallout
* Adidas were fully briefed regarding their European Super League developments
* Largely due to the fact they own an 8.3 per cent stake in Bayern Munich
* Manchester United's lack of trophies has coincided with falling shirt sales


Manchester United are under pressure from sponsors adidas to arrest falling shirt sales — but the German kit producer was not behind chief executive Ed Woodward's departure from the club.

Woodward announced his intention to leave two weeks ago as the fallout from the ill-fated European Super League intensified.

There have been suggestions within football circles that the Germans may have been responsible for Woodward's departure, due to his role in the ESL farce and lack of trophies in recent seasons.


Manchester United are under pressure from sponsors adidas to arrest falling shirt sales. Football insiders have been aware of rumours that Woodward was preparing to leave United in the summer for several months.

United's lack of trophies has coincided with falling shirt sales.

The club have not picked up a trophy for four years, since winning the Europa League and League Cup double in 2017 — the longest spell without silverware since the late 1980s.

Ole Gunnar Solskjaer's men are favourites to win the Europa League on May 26 after hammering Roma 6-2 in their semi-final first leg this week.


Sources close to adidas — United's largest sponsor — have suggested they were disappointed not to have been briefed by United chiefs over their ESL plans.

However, they insist they had no part in Woodward's announcement that he would leave Old Trafford in the summer after 16 years.

The Mail on Sunday has learned adidas were fully briefed regarding ESL developments — largely due to the fact they own an 8.3 per cent stake in Bayern Munich.

Dr Jan Heinemann sits on the Bayern board as deputy chairman, and also serves as general counsel and chief compliance officer at adidas. The German champions turned down an invitation to join the ESL.

Football insiders have been aware of rumours that Woodward was preparing to leave United in the summer for several months.

United's lack of trophies has coincided with falling shirt sales.

The club have not picked up a trophy for four years, since winning the Europa League and League Cup double in 2017 — the longest spell without silverware since the late 1980s.

Ole Gunnar Solskjaer's men are favourites to win the Europa League on May 26 after hammering Roma 6-2 in their semi-final first leg this week.


Club figures show payments from adidas to United have fallen by £1.2million since 2018. United have fallen behind arch-rivals Liverpool in the annual shirt sales stakes for the first time

Nonetheless, official club figures show payments from adidas to United have fallen by £1.2million since 2018.

The deal with adidas was worth £79million to United in 2018, but this fell to £78.8million in 2019 and £77.8million last year.

United have fallen behind arch-rivals Liverpool in the annual shirt sales stakes for the first time, with Jurgen Klopp's side enjoying a sales boost after winning recent Champions League and Premier League titles.

The two sides meet on Sunday afternoon at Old Trafford.

Figures produced by veteran analyst Dr Peter Rohlmann, show United's sales have fallen by 100,000 since 2019.

United sold 1.8million shirts in 2019, but this fell to 1.7million last year and sales are expected to remain at the same level again this season, according to Rohlmann.

Liverpool's sales have increased by 450,000 during the same period.

The Anfield club sold 1.5million shirts in 2019, with sales rising to 1.7million last year and 1.95million shirts sold this season.

Reports have emerged in Italy that United have been in touch with Cristiano Ronaldo's agent over a return to Old Trafford from Juventus, a move that would significantly boost merchandise sales, despite the global icon being sponsored by Nike.

Code:
https://www.dailymail.co.uk/sport/football/article-9533435/Manchester-Uniteds-largest-sponsor-Adidas-unhappy-club-falling-shirt-sales.html
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Old 10-05-2021, 10:44 AM   #922
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Default Re: Manchester United - Biz, Financial news 'n rumors

Manchester United 'lose new £200m training kit deal with MyProtein owners following supporter's anti-Glazers campaign'

* Man United have reportedly missed out on a new training kit deal worth £200m
* United were meant to replace AON with Myprotein, owned by The Hut Group
* THG have supposedly pulled out of the contract which was due to start on July 1
* They are said to be concerned over the supporters anti-Glazers campaign


Manchester United have reportedly missed out on a new training kit deal worth £200million over 10 years due to concerns over the anti-Glazers campaign.

United were meant to replace AON with Myprotein, a Cheshire firm owned by Manchester-based company The Hut Group, as one of their sponsors.

According to The Observer, THG have pulled out of the deal due to concerns over the club's attempted boycott of the United owners and their partners.

The Glazers have recently been targeted by United supporters over the club's failed bid to join the now defunct European Super League.


The fans expressed their frustration at the American owners by storming Old Trafford ahead of United's clash with Liverpool.

Hundreds of fans protested outside the stadium, while a select few even made their way into the stadium.

As a result, Manchester United's Premier League fixture against the Reds was postponed.

THG were allegedly alarmed by the subsequent backlash against Manchester United's partners on social media.


Manchester United have reportedly missed out on a new training kit deal worth £200million. United were meant to replace AON with Myprotein, owned by THG, as their new partner

An anonymous group took to Twitter to call for a boycott of the club's major partners - Adidas, TAG Heuer and Cadbury - using the hashtag NOTAPENNYMORE.

Having seen the campaign on social media, THG were worried they would be targeted by fans in Greater Manchester.

Therefore, the multibillion pound company - who are located near Manchester Airport - pulled out of the deal.

The decision will come as a blow to United - who will see their contract with AON expire on 30 June.

According to the Observer, both THG and Manchester United have declined to comment.

Code:
https://www.dailymail.co.uk/sport/football/article-9558059/Manchester-United-lose-200m-training-kit-deal-fans-anti-Glazers-campaign.html
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Old 18-06-2021, 09:48 AM   #923
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Default Re: Manchester United - Biz, Financial news 'n rumors

Man United only suffer a FOUR PER CENT drop in overall revenue for the first three months of 2021 despite the Covid pandemic keeping fans out of Old Trafford

* Man United made £118.3m compared to £123.7m for the same period last year
* Matchday revenue fell from £29.1m to £1.6m with games behind closed doors
* The Premier League club reported a £32.6m increase in broadcasting revenue


Manchester United's overall revenue only dropped by four per cent despite the ongoing effects of the pandemic, according to the club’s third quarter financial results released on Thursday night.

Figures for January to March show that United made £118.3million compared to £123.7m for the same period last year.

Matchday, commercial and sponsorship revenue were all down by £27.5m, £10.5m and £8.9m respectively, but that was partly offset by a £32.6m increase in broadcasting revenue.


Manchester United are still counting the cost of the ongoing effects of the pandemic. Manchester United’s executive vice-chairman Ed Woodward remains optimistic about the prospect of fans returning to Old Trafford

United’s executive vice-chairman Ed Woodward said: ‘The absence of fans over the past year has proved that they are the lifeblood of the game.

‘Following the successful return of limited numbers at the end of last season, and continued trials of increased crowds at sports events this summer, we remain optimistic about the prospect of fans returning to Old Trafford in larger numbers going forwards.

‘With the foundations for long-term success in place, including significant initiatives to strengthen engagement with our supporters, we look forward to the upcoming season.’

The Old Trafford giants finished second in the Premier League in 2020-21 and lost the Europa League final to Villarreal on penalties.

Matchday revenue fell from £29.1m to £1.6m compared to the previous equivalent quarter, with matches being held behind closed doors playing a part in the operating loss of £21.6m for the period.

The financial results also showed a £10.7m dividend payment to shareholders – payments United co-chairman Joel Glazer defended at a recent fans’ forum.

Financial results showed net debt stood at £443.5m.

Code:
https://www.dailymail.co.uk/sport/football/article-9698957/Manchester-United-report-losses-21m-three-months-2021.html
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Old 28-08-2021, 03:41 PM   #924
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Default Re: Manchester United - Biz, Financial news 'n rumors

Manchester United gain over a MILLION Instagram followers in the two hours after the club announced that they had agreed a deal to re-sign Cristiano Ronaldo from Juventus

* Manchester United have confirmed they will be re-signing Cristiano Ronaldo
* It comes after it had looked like Ronaldo would join rivals Manchester City
* United fans are delighted with his return, 12 years after he left for Real Madrid
* They got a boost on Instagram with more than a extra million followers


Cristiano Ronaldo's shock return to Manchester United has seen the club get a huge boost on social media.

At the start of the day it looked the legendary player would join rivals Manchester City, before the news that Pep Guardiola's side had pulled out and United had agreed a deal to sign the 36-year-old.

The £19.4m deal has excited fans of the Red Devils, with Ronaldo returning home to the club he left for a record-breaking career at Real Madrid back in 2009.

United's announcement has picked up a lot of attention and seen the club pick up a huge amount of followers on Instagram.

Before the announcement was made the club had 43.1 million followers on the social media side and a little over two hours later that number had risen up to 44.3m.

Ronaldo is one of the biggest names in football and the most-well known players in the history of the sport.




United have received a huge boost on social media since announcing Ronaldo's return. United's follower count on Instagram grew by over a million in the two hours after the announcement

By signing the world superstar is expected that United will get a commercial boost as well as an improvement on the field.

Ronaldo's agent had been in talks with United's bitter rivals City after the Portugal star decided to leave Juventus, but it emerged on Friday afternoon that Pep Guardiola's side were set to pull out of the race to sign him.

The 36-year-old will now join United subect to a visa, a medal and agreeing personal terms,

United paid the fee Juve wanted from City which equates to £19.4m, with a two-year contract on the table for Ronaldo of around £480,000 per week.

Ole Gunnar Solskjaer after United's 5-1 victory over Leeds, said it would have been a boost to sign anyone else this summer after already signing Jadon Sancho, Raphael Varane and Tom Heaton.

Ronaldo's arrival will provide a big boost as United look to win their first Premier League title since Sir Alex Ferguson retired in 2013.

Code:
https://www.dailymail.co.uk/sport/football/article-9934217/Man-United-gain-MILLION-Instagram-followers-two-hours-signing-Cristiano-Ronaldo.html
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Old 18-09-2021, 03:51 PM   #925
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Default Re: Manchester United - Biz, Financial news 'n rumors

Manchester United's new wage bill could ECLIPSE the British record of £387MILLION after summer arrivals of Cristiano Ronaldo, Raphael Varane and Jadon Sancho as club chief says total salaries have increased 'by around 20 per cent'

* Manchester United's wage bill could eclipse the British record, it is understood
* Cristiano Ronaldo, Jadon Sancho and Raphael Varane all arrived in £135m spend
* United's latest financial figures show an approximate 20 per cent rise in wages
* The club's debt fell from £474m to £419m with the wage bill increasing


Manchester United’s wage bill is expected to leap by a fifth this season and could eclipse the British record at around £387million.

Cross-town rivals Manchester City reported record salaries of £351m in their latest set of figures, accounting for the 2019-20 season and published earlier this year.

United’s chief financial officer Cliff Baty forecast on Friday that the club’s wages for last season, which were below City and increased to £322m by virtue of Champions League qualification, will go up by ‘around 20 per cent’ this time around.

That is owing to the major summer recruitment drive that saw Cristiano Ronaldo return to Old Trafford alongside the signings of Raphael Varane and Jadon Sancho.


Manchester United could eclipse the British record for wages. Cristiano Ronaldo's sensational return to Old Trafford has inspired belief they will win trophies. Old Trafford is full again this season after Covid-19 restrictions kept supporters away

Ronaldo is believed to have become the highest-paid player in Premier League history when arriving from Juventus for almost £20m. The new faces will contribute to wages soaring by around £64m this term.

‘In terms of costs, we’d expect wages to increase by around 20 per cent which reflects the increased investment in the squad following the summer transfer window,’ Baty said as United released their annual accounts.

City, United and Liverpool make up the top three spenders on salaries in England. Whether United break the record set by City will become clear next year when the 2020-21 accounts of the Premier League champions are revealed.

United recorded an operating loss of £36.9m last season, put down to the financial impact of the coronavirus pandemic.

But Ole Gunnar Solskjaer was still backed in the transfer market as they attempt to fight for silverware. Ed Woodward said they are primed to take the next step when announcing the club’s latest financial figures.

Woodward said: ‘We have been clear in our strategy to build a squad with a blend of top-class recruits and homegrown talent, comprising a balance of youth and experience, with the aim of winning trophies and playing attacking football the Manchester United way.

‘As part of this, we have continued to strengthen our recruitment and scouting processes, and we have also increased our investment in the academy, to ensure that this success is sustainable.

‘While squad-building is a constant process, we are more confident than ever that we are on the right track.’

Despite the losses, Woodward believes United’s strong commercial arm has allowed them to move forward in the transfer market.

‘It is not an accident that we have been able to invest this summer at a time when many clubs have been retrenching,’ Woodward added. ‘This reflects the strong commercial model we have built over many years, ensuring that our spending is always underpinned by revenues that we generate ourselves.

‘However, while we are confident in our relative strength, it remains clear that football as a whole faces major financial challenges caused by years of material inflation in wages and transfer fees, exacerbated by the impact of the pandemic.’

Meanwhile, Mino Raiola suggested Paul Pogba could be tempted to swap United for Juventus next summer.

United are hopeful of agreeing a new contract with the 28-year-old, who is yet to decide his future. Raiola raised the prospect of a return to Turin on a free transfer.

‘Paul Pogba is out of contract in June, so we’ll talk with Man Utd and we’ll see what happens,’ the agent told Corriere dello Sport.

‘Juventus? Paul still loves Turin. There’s a chance that Pogba will return to Juventus, yes - but it also depends on Juventus plans.’

Code:
https://www.dailymail.co.uk/sport/football/article-10001339/Ed-Woodward-says-Man-United-right-track-win-silverware-Cristiano-Ronaldo-return.html
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Old 06-10-2021, 10:37 AM   #926
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Default Re: Manchester United - Biz, Financial news 'n rumors

The Glazers put another 9.5MILLION shares in Manchester United up for sale on the New York Stock Exchange - worth £137m - just months after Avram Glazer pocketed £70m from another sale... but the club will not see a single penny of it

* Man United's owners have put more shares on the New York Stock Exchange
* The Glazers have endured a fractious relationship with the Red Devils fanbase
* Tensions boiled over last April due to the European Super League disaster
* The Americans' collected shares will be reduced to a 69 per cent total
* Utd will not receive any proceeds and the Glazers reportedly remain committed


The Glazers have put another 9.5million shares in Manchester United on the New York Stock Exchange - worth US$186.86m (£137.12m) - although a statement makes clear that the club 'will not receive any proceeds from the sale'.

United supporters have endured a tumultuous relationship with their American owners since their 2005 takeover of the club, with frustrations reaching a boiling point five months ago with the formation of the European Super League.

Co-chairman Joel Glazer was at the heart of the disastrous plot to shake up the football landscape which triggered huge backlash from fans, ex-players and Prime Minister Boris Johnson.

The Red Devils' Premier League game against arch rivals Liverpool was postponed last April due to fan protests, with a number of supporters breaking into Old Trafford before the behind-closed-doors fixture.


The Glazers have put 9.5million shares in Manchester United on the New York Stock Exchange. The Americans have long been unpopular with supporters and tempers spilled over in April following the club's botched attempt to form a European Super League. United supporters stormed Old Trafford, leading to their Liverpool game being postponed

And on Tuesday night, United notified the New York Stock Exchange of the sale in the names of club directors Kevin Glazer and Edward Glazer.

Last March, Avram Glazer sold £70m worth of shares in the club. On that occasion, United did not receive a penny from the sale either. This latest sale of shares represents eight per cent of the family's total combined ownership of the club.

Despite putting another large number of shares on the market – valued at approximately £14.43 per share - the Glazers still retain a combined 69 per cent of shares in United and the BBC reports that the unpopular Americans remain committed to the Red Devils.

Due to the large volume of shares being sold, it is believed that the Glazers will not pocket the Stock Market's value of £137.12m for the 9.5m shares and will expect a lower total.

The Glazers have sought to make amends with United fans following the European Super League debacle. Joel Glazer has since twice attended Fans Forums and has pledged to implement a supporter share scheme.


The New York Stock Exchange were notified of the sale by United on Tuesday evening. The sale was put under the names of club directors Kevin Glazer and Edward Glazer. The under-fire Americans have sought to make amends and backed manager Ole Gunnar Solskjaer in the transfer market this summer

He said the scheme was 'rather complex' and that the club would 'jump those hurdles' in a bid to bring fans closer to the club.

'I was pleased to join the Fans' Forum to listen to the views of supporters, address their questions, and share ideas on how we can improve the way we work together,' Glazer said following his first meeting with supporters.

'As owners, we want exactly the same thing as the fans – a successful team and a strong club – and we want to work in partnership to achieve those objectives.

'Fans are the lifeblood of Manchester United and I am personally committed to ensuring that they are given an enhanced voice, through the creation of a Fan Advisory Board and a Fan Share Scheme.'

United also spent heavily in the summer transfer window to bolster Ole Gunnar Solskjaer's squad for the 2021-22 campaign. A combined total of £135.3m was spent on Jadon Sancho, Raphael Varane and Cristiano Ronaldo, the latter’s return providing a shot in the arm for the club’s fanbase.

However, United have made a mixed start to the season with lacklustre displays against Aston Villa, Everton and Young Boys frustrating supporters, with patience in Ole Gunnar Solskjaer running thin.

The Norwegian was rewarded with a new contract this summer, running until 2024, while Sportsmail revealed on Monday that assistant manager, Mike Phelan, had been handed a contract extension in a major vote of confidence in the United boss.

Avram and Joel have been co-chairman since the death of their father Malcolm in 2014. Earlier this summer, the club's overall revenue only dropped by four per cent despite the ongoing effects of the coronavirus pandemic.

Code:
https://www.dailymail.co.uk/sport/football/article-10063023/The-Glazers-9-5MILLION-shares-Manchester-United-sale.html
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Old 07-10-2021, 09:34 AM   #927
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Default Re: Manchester United - Biz, Financial news 'n rumors

The Glazers sell 9.5million Manchester United shares valued at £137m on the New York Stock Exchange... with their value jumping by £15.7m since Cristiano Ronaldo's return in August

* The Glazers put up 9.5m Manchester United sales up for sale on Tuesday night
* The shares on the New York Stock Exchange are set to be worth £137million
* United's share price has gone up by £1.65 since Cristiano Ronaldo returned
* That means the Glazers' shares are worth £15.7m since the August 27 transfer


The 9.5million Manchester United shares put up on the New York Stock Exchange by the Glazer family were worth £15.7m more due to Cristiano Ronaldo's return to the club.

The Glazers, who own the Premier League club, put up £137m worth of shares up for sale on Tuesday night under the names of club directors Kevin Glazer and Edward Glazer.

A statement from the Red Devils stated that the club 'will not receive any proceeds from the sale' but United's share price has increased by £1.65 since Ronaldo's return to the club was announced on August 27, meaning the Glazers are profiting financially following Portuguese icon's move back to Old Trafford.

Before Ronaldo's return was announced, United's share price sat at $17.38 (£12.82), with that figure rising to $19.62 (£14.47) when the Glazers' share sale was made public this week.


The 9.5million Manchester United shares put up on Tuesday were worth £15m more due to Cristiano Ronaldo's return to the club. The Glazers have put 9.5million shares in Manchester United on the New York Stock Exchange. Ronaldo sealed his return to Old Trafford on August 27, which has seen United's share price increase by £1.65 since then (pictured: United fans wearing Ronaldo shirts)

Ronaldo, known as one of the greatest players in United's history, returned to Old Trafford 12 years after departing for Real Madrid for a then-world record £80m fee, with the Red Devils paying just £20m to his former club Juventus for the transfer.

The 36-year-old was brought back to help United challenge for the Premier League and Champions League titles and even took a pay cut to a £385,000 a week salary to make the Old Trafford move.

On the pitch, Ronaldo has scored five times in six matches since making the move in late August, but the way he has helped the club grow in such a short space of time will be equally helpful to the Glazers.

Ronaldo is not United's only high-profile signing of the summer, with the Red Devils splashing out a combined total of £135.3m in the summer transfer window, including Ronaldo, with £73m Jadon Sancho and £40m Raphael Varane also brought in.

United supporters have endured a tumultuous relationship with the Glazers since their 2005 takeover of the club, with frustrations reaching a boiling point five months ago with the formation of the European Super League.

Co-chairman Joel Glazer was at the heart of the disastrous plot to shake up the football landscape which triggered huge backlash from fans, ex-players and Prime Minister Boris Johnson.

The Red Devils' Premier League game against arch rivals Liverpool was postponed last April due to fan protests, with a number of supporters breaking into Old Trafford before the behind-closed-doors fixture.

Last March, Avram Glazer sold £70m worth of shares in the club. On that occasion, United did not receive a penny from the sale either. This latest sale of shares represents eight per cent of the family's total combined ownership of the club.

Despite putting another large number of shares on the market – valued at approximately £14.43 per share - the Glazers still retain a combined 69 per cent of shares in United and the BBC reports that the unpopular Americans remain committed to the Red Devils.

Due to the large volume of shares being sold, it is believed that the Glazers will not pocket the Stock Market's value of £137.12m for the 9.5m shares and will expect a lower total.

Code:
https://www.dailymail.co.uk/sport/football/article-10065963/The-Glazers-9-5m-Man-United-shares-sale-worth-15m-Ronaldo-return.html
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