Manchester United is undoubtedly one of the biggest fans based soccer clubs in the world, and to further extend their hold over global fans, United has decided to pay a friendlier in Honk Kong. This is the first time they are playing a match in this region in last eight years; they will meet a local club Kitchee FC on July 29 as their pre session practice friendlier in HK. The match will take place in Hong Kong Stadium which is expected to be full house on the DDay. Notably, United enjoys more than 650 million fans across the world and 100 million fans of them belong to China; hence this match is expected to be jam packed with cheering spectators. ManU stated about this match on their website where its chief executive David Gill said, “The club has tremendous support throughout China and especially in Hong Kong. We have visited on a number of occasions and after an eight-year gap it's a pleasure for the team to be able to return to Hong Kong again this year. We are looking forward to … [Read more...]
US asset manager BlackRock buys 8 percent stake in Manchester United
English soccer club Manchester United seems to be a growing blue chip investment off late, especially after it became the most valued soccer club of the world. In recent developments, a US investment firm BlackRock has bought around 8 percent of the club’s Class A shares through open market. Glazer family, controlling stock holder, will still hold the controlling powers in the club coz they have Class B share which have ten times more voting power than Class A shares. In reality, ManU stocks have been volatile in recent few weeks in London stock exchange whereby their value has already been surged by around 35% in past three months, and after this buyout, coming days are also supposed to be money carrier for the club. Financially, it is one of the biggest investments in the club after it went public last August. The formal information to Securities and Exchange Commission will be communicated by Wednesday. Actually, English club has made many significant financial decisions where it … [Read more...]
Manchester United become first to cross 3 billion valuation
Manchester United enjoying its roaring stock for the first time since it went public in August last year; its stock has soared by more than 24% in two weeks to redefine the valuation of English club. Record wise, it has now crossed the 3 billion mark and become the first sport’s club in the history to reach that level. NFL’s Dallas Cowboys are closely following it with little more than 2 billion and Real Madrid is third closely following soccer club with just under 2 billion in valuation. World known investor George Soros, who bought around 3.1 million shares of Red Devils when it was listed in the stock exchange, would now be a happy man by looking at his rising stocks. Initially, his move to invest in a soccer club was heavily criticized from every corner; perhaps many labeled him as an insane business tycoon who is risking his millions of dollars on an unstable sporting club. America business magazine Forbes issued the latest valuations of top soccer clubs; it also mentioned the … [Read more...]
Jonny Evans is keen to stay at Old Trafford for rest of his career
Manchester United is among the most looked after soccer clubs in the world, and rightly so each of its contracted players wants to retire from Old Trafford despite of his skill and aptitude to fit in one of the most talented football teams. Irish 25-year-old defender Jonny Evans, who has been with ManU since last 18 months, is keen to further extend his contract for Sir Alex Ferguson; he is looking for a term that could make him an abiding ManU player. However, his earlier spell of 18 months has already been extended for another three and a half years in December, yet he looks forward for another term for the premier league club. Actually, despite being in their site for most of the matches in last one and half year, Evans could not ensure his permanent place in its A-Team; perhaps he also had two loan spells in-between: one for Royal Antwerp and another for Sunderland. Moreover, his recent injuries also could not let him be a stable central defender along with Nemanja Vidic and Rio … [Read more...]
Manchester United find new Chinese sponsors
Manchester United is perhaps the best business minded soccer clubs in the world which has the finest skills to explore every given opportunity in its favor. Besides leading the EPL leaderboard, there are commercial ventures too where Alex Ferguson’s team is looking to dominate via their mega spinning sponsorship deals. Manchester United is among the most popular soccer clubs amid global soccer fans and that is why it is right on target to encash each of its fan based regions. China is also one of the most sports loving nations, perhaps China occupy more than 300 million United fans, hence two biggest Chinese business corporate groups have now entered into a sponsorship deal with EPL club. These two business ventures are: China Construction Bank (CCB) and soft drinks manufacturer Wahaha. For now, the deal is said to be for a three year term, but it can be extended if the outcomes are in favor of all the parties involved. As par the deal, CCB will have the rights to produce Manchester … [Read more...]
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