Nike will have to pay up to extend Manchester United deal

Nike will have to dig deep to extend Man United sponsorship deal

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UPDATED:

19:00 GMT, 14 November 2012

Nike face having to shell out huge sums of cash if they want to maintain their association with Manchester United.

The American sportswear giants are due to sit down with Red Devils officials in February at the start of an exclusive six-month negotiating period with United over their 303million kit supply deal.

And whilst United officials were giving little away today during a conference call to provide information on their first quarter results, it seems obvious Nike will have to come up with an enormous sum to satisfy the club’s owners, the Glazer family.

Swoosh: Manchester United's current kits are made by Nike

Swoosh: Manchester United's current kits are made by Nike

In July, United announced a staggering 357million deal with General Motors for the Chevrolet logo to be worn on their shirts for seven seasons from 2014.

That figure prompted United to buy-out the present deal with DHL for United’s training kit, which will now come to an end at the climax of this season.

'We feel we know, with some clarity, the value of our rights, and we are bullish about the abundance of opportunities available to accelerate the growth of this business,' said Woodward.

'The planning on DHL started post-GM deal. We are always monitoring the value of our rights. We can improve the amount, duration and rights-package about that deal.

'Our six-month negotiating window with them (Nike) starts in February. We look forward to sitting down with them then.'

Privately, United officials do not see the way the Nike deal is structured fits with the more commercially aggressive Glazer regime.

When the present deal was negotiated in 2002, United were a publicly floated company and preferred to take as much risk as possible away from any sponsorship tie-up.

Therefore, a profit-share arrangement was put in place which ensured United received only a proportion of the cash generated from worldwide shirt sales in exchange for a guaranteed sum.

The Glazer family have not gone down the same route. They have even stopped the policy of contracting out pre-season tour arrangements, believing they can negotiate better deals themselves.

Costly: If Nike want to extend the deal they will have to cough up

Costly: If Nike want to extend the deal they will have to cough up

As a battle is presently taking place
between Sydney, Brisbane and Melbourne for two proposed matches in
Australia during 2013, the value of such an attitude is obvious.

It has also been noted Nike now pay the
French Football Federation almost 40million-a-year, without a
profit-share arrangement, for a seven-year period which began at the
start of last season.

Sponsorship certainly appears to be a lucrative revenue stream for United given they posted a 32% increase to 27.8million for the three months to September 30, 2013.

Including the General Motors contract, United did 10 sponsorship deals during that time, confirming an increase in workforce from 670 to 735 was almost exclusively connected to the marketing sector.

They now have mobile phone partnerships in 44 countries, with Woodward claiming the three-year deal with Japanese soft drinks manufacturer Kagome came as a direct result of opening an office in Hong Kong.

He added that the USA was the 'next natural place' for the club to open a regional centre given as many supporters watch United live there as do so in the United Kingdom.

Lucrative: From 2014 United will be sponsored by General Motors

Lucrative: From 2014 United will be sponsored by General Motors

It was also confirmed United received 2.5million as a result of being an Olympic Games football venue, plus 1.3million in compensation for players appearing at Euro 2012.

In addition, United used proceeds of IPO to reduce total debt by 17% to 359.7million.

This is unlikely to appease the vast numbers of anti-Glazer United supporters though.

An ‘exceptional item’ of 3.1million related to professional advisor fees in connection with the IPO, part of what is estimated to be an overall spend of 550million in interest and fees since the Glazer takeover in 2005.

Glazer family won"t sell Manchester United, says vice-chairman Ed Woodward

Glazers are here to stay! United owners refuse to cash in despite fans backlash

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UPDATED:

15:03 GMT, 23 October 2012

Manchester United's owners will NOT sell the club for 'many, many years' despite ongoing interest, according to vice-chairman Ed Woodward.

The sell off of 10 per cent of the Glazers’ shares in the club in the IPO sale in August raised some questions over the American family’s long-term involvement but Woodward said they had no interest in cashing in the rest of their holding.

Woodward admitted though that he could not rule out one of the six Glazer siblings selling their holding at some point in the future.

Staying put: The Glazer family won;t sell Manchester United for 'many, many years' according to the club's vice-chairman

Staying put: The Glazer family won;t sell Manchester United for 'many, many years' according to the club's vice-chairman

Woodward said: 'There is always interest in this business. It is a phenomenal brand and club, but

they are not willing sellers at all, they won’t even engage, they are long-term investors.
'It's a very popular business that people have interest in. The answer is: ‘not for sale’.

'I talk to them [the Glazers] every day and the excitement they have in this club is undiminished and I don’t see them selling completely more many, many years.'

Pressure: The Glazers have faced protests from supporters in recent years to sell the club

Pressure: The Glazers have faced protests from supporters in recent years to sell the club

Talking a good game: Sir Alex Ferguson has always shown support for United's American owners

Talking a good game: Sir Alex Ferguson has always shown support for United's American owners

Woodward did accept however that one of the Glazers could dispose of their shares at some point.

He added: 'They could – they are a family of six siblings and from time to time, seven to 10 years, who knows if one wants to sell a small piece or not.'

Woodward revealed that India and Australia are both on a shortlist of countries for United to tour in the summer.

The club are also to open an office on the east coast of the USA to try to cash in on growing interest in football in North America.

Expanding the business: The Old Trafford outfit are to open an office on the east coast of the USA

Expanding the business: The Old Trafford outfit are to open an office on the east coast of the USA

Manchester United want cash curbs because they are scared of City: Martin Samuel

Here's why Manchester United want cash curbs… they are scared of City

PUBLISHED:

22:00 GMT, 11 September 2012

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UPDATED:

23:02 GMT, 11 September 2012

He’s got a big mouth, Dave Whelan. Comes in handy on occasions, though. Like last week, when he used it to reveal the driving force behind the move to impose financial limitations on clubs in the Premier League.

Manchester United are the architects here. Who would have thought it Whelan, as chairman of Wigan Athletic, supports the plan. Some smaller clubs’ owners do because they think it will mean spending less and lead to greater competition at the lower end. What did Whelan give as United’s motivation for such a game-changing move, however An altruistic wish to safeguard club finances The desire to move towards competitive equality Not exactly.

‘I think Manchester City have shaken them up a little bit,’ said Whelan. Oh, Dave. Bigmouth strikes again. You’ve said the loud thing quiet and the quiet thing loud. People aren’t meant to know that. They must continue believing that football’s established elite want financial controls for the good of the game; not to maintain a cosy monopoly. If they realise that United fear City on the pitch, so must legislate them out of contention instead, the whole plan falls down.

Telling it straight: Dave Whelan (right) had some forthright views about financial limitations

Telling it straight: Dave Whelan (right) had some forthright views about financial limitations

It is increasingly tough at places like Wigan, we know that. Yet Manchester United don’t care about the little guys. David Gill, the chief executive, simply intends upping the drawbridge on the clubs challenging United’s supremacy. He wants one specific element of football finance — yearly profit — to be analysed and used as the marker.

Gill won’t lobby for other forms of debt to be considered because, thanks to the business models of the Glazer family and of Sheik Mansour, United are hundreds of millions of pounds in the red and City don’t owe a bean.

Various proposals are being considered and some club owners favour salary curbs. Not United. They can afford big salaries and want to keep it that way. City can match them, too, and more. It is this power that frightens their rivals. There was no talk of curbs when United were the Premier League’s biggest beasts, unopposed.

The new financial rules focus on one element of a balance sheet, as if that is the entire economic picture. And football in 2012 is a snapshot, a mere moment in time, some clubs are up, some are down, some are in flux. The clubs pushing hardest for controls are those who have the largest capacity stadiums already in place, Manchester United and Arsenal.

Manchester rivals: City's Sergio Aguero rocks United in last season's 6-1 drubbing at Old Trafford

Manchester rivals: City's Sergio Aguero rocks United in last season's 6-1 drubbing at Old Trafford

Why Liverpool would support such a
measure, who knows They are limited by the size of Anfield and behind
many of their rivals commercially. Nobody heard about financial fair
play from Arsenal when they were boxed in at Highbury.

And,
if limitations on spending linked to revenue are introduced, how
quickly can any club grow An elite cabal would map the landscape in
English football for decades.

More from Martin Samuel…

Martin Samuel: I sat in the locker room thinking, 'What if I lose this'
11/09/12

Martin Samuel: Olympic spirit Andy forged maiden Grand Slam win over long years
11/09/12

Martin Samuel: Want to know Roy's secret Don't cut out the middle men
09/09/12

Martin Samuel: Cool-headed Lampard puts us all at ease
07/09/12

Martin Samuel: No mess, no fuss, Roy… be a master of the unfamiliar, just like Capello
06/09/12

Your organic goose is truly cooked, Hugh
06/09/12

Martin Samuel: In the era of the owner-manager, you'll never work alone
04/09/12

Martin Samuel: The real Team GB is all of us – let the Olympics be a game-changer
12/08/12

VIEW FULL ARCHIVE

Every
club have at some time spent money they did not have. Manchester
United started that way. In January 1902, Newton Heath had debts of
2,670 and were served with a winding-up order. Harry Stafford, the
captain, recruited four local businessmen to invest 500 each and on
April 24, Manchester United were born.

This
may seem like ancient history, but there is not a club in existence who
have not at some time used money that was not generated by the business
to propel their advancement. One of the most outspoken critics of owner
investment in Europe is Borussia Dortmund chief executive Hans-Joachim
Watzke. Yet roughly a decade ago Dortmund received 1.6million to keep
them afloat from — get this — Bayern Munich. The deal was so wholesome
it has only just come to light.

Dortmund
were close to being the Leeds United of the Bundesliga. Spending money
they did not have almost killed them; yet it also brought great success
initially. Now the club are financially solvent and on top again, was
part of their vast and lucrative support not maintained by the days when
Dortmund won trophies by flouting economic logic

And
is it therefore not the greatest hypocrisy now to campaign against
clubs who use legitimate owner investment, without going into debt, when
Dortmund benefited from a considerably more dubious practice

The
Premier League clubs will now consider the various regulatory
proposals and a majority vote of 14 is required for change. First, they
may wish to consider who is doing the proposing and why. Ask what’s in
it for them. For Manchester United, that’s the bottom line, always.

US Open needs an Italian job

Andy Murray won the US Open on a New York workday in an arena that was mostly full, abiding by a schedule mapped out to conform to the demands of Monday Night Football.

This is the fifth consecutive US Open men’s final that has missed its Sunday primetime slot due to poor weather.

The tournament makes good money, but its haphazard nature means many now regard it as the fourth Grand Slam in terms of occasion. Something needs to be done, either a roof or a shift in location back to the west coast, but it cannot continue like this. Organisers say structural complications concerning the foundations at Flushing Meadows make a roof impossible.

Grand designs: Flushing Meadows needs a makeover or the US Open must find a new home

Grand designs: Flushing Meadows needs a makeover or the US Open must find a new home

Digressing slightly, Filippo Brunelleschi designed the dome that sits atop the Basilica di Santa Maria del Fiore in Florence. To do so, he used more than four million bricks and pioneered engineering techniques of breathtaking technical and mathematical genius.

He invented a new hoisting machine and was granted the first modern patent for his design of a river transportation vessel. If he could do that in 1419, the greatest engineering minds in America can scheme a way out of this in 2012.

After the Games, clarity begins at home

‘The greatest show on earth’ read the headline in the New York Post on Monday morning. Yet, before we embark on another round of self-congratulation, it must be pointed out that the story concerned is not Britain’s glorious Olympic summer but the New York Jets’ 48-28 win over the Buffalo Bills in the NFL.

For Olympic news, specifically Paralympic news, you had to turn to page, er, you had to turn to page, um, actually, forget it. There was no Paralympic news in the New York Post. Not in the New York Times, either, despite a dedicated sports pull-out and the boast of ‘all the news that’s fit to print’.

There were shorts on cycling, Nascar motor sport and a whole page of roof ideas for the tornado-blighted Billie Jean King National Tennis Center but of London’s grand Olympic finale, nothing.

Who are you Tony Schumacher is in high spirits

Who are you Tony Schumacher is in high spirits

USA Today found room for six paragraphs in the Update section, above the death of the president of the National Amateur Athletic Union and Tony Schumacher recording his ninth Top Fuel victory in the Mac Tools US Nationals. No, me neither.

And this is not to knock the American media. They have to sell newspapers, too. If the British public had not embraced all aspects of the Games so magnificently, it would not have received blanket coverage on these pages, either.

Realise, though, that while we think our Olympics has been the most wonderful life-changing event of the 21st century, events always feel bigger when they take place on your doorstep.

Melbourne promotes itself as sport’s capital because it has nine Australian Rules Football teams, hosts Australian Open tennis, the Australian Grand Prix, Test matches, rugby internationals and the Melbourne Cup. What’s the Melbourne Cup It’s a two-mile horse race dating back to 1861. Australia stops for it. Beyond their shores, however, it has about as much significance as the Grand National does in Bulgaria. But Melbourne thinks the world is watching. All hosts do.

So we cannot simply presume that progress will follow London’s Olympic triumph without affirmative individual action. People thought China’s Olympics were going to revolutionise that country, too. Then, less than three years later, the artistic consultant for the Bird’s Nest stadium, Ai Weiwei, was arrested and held for months without charge.

‘It sends out the message that nobody is immune,’ said Nicholas Bequelin of Human Rights Watch. Some change.

We take nothing for granted from here. Sport makes a difference in people’s lives but real social change is achieved in the years when the circus isn’t in town. Grass roots involvement, whether sporting or political, is the key.

Basically, if you really want to make an impact on disability, start with a foreign policy that doesn’t require so many young men to have their legs blown off.

Crazy gets you nowhere, Paolo

Madness: Paolo Di Canio's Swindon lost their first game at the County Ground for over a year

Madness: Paolo Di Canio's Swindon lost their first game at the County Ground for over a year

Swindon Town lost their first home game for a year last weekend. Paolo Di Canio knew instinctively whose fault it was. Not his. ‘Maybe I overestimate some of my players,’ he said.

Maybe the players aren’t the only ones enjoying generous evaluation. The week previously, Di Canio had told Swindon’s supporters to support Oxford United if they disagreed with his treatment of goalkeeper Wes Foderingham.

Di Canio had substituted the player after only 22 minutes of a defeat against Preston North End following a mistake. It sparked a furious reaction from Foderingham, who kicked a water bottle and went to sit in the stand.

‘Come to the ground and I will give you your season ticket money back,’ Di Canio told dissenters. ‘But then don’t return. Swindon don’t need these types of supporters.’

An attendance of 8,072 for Saturday’s game against Leyton Orient suggests they do. Swindon need every supporter they can get. What they don’t need is crazy. Crazy gets you nowhere. First the manager does crazy, then his players do crazy, and then everybody gets crazy and the next thing you know you’ve lost at home to Leyton Orient.

Foderingham is a 21-year-old goalkeeper going through a rough patch. That happens. He does not need to be publicly humiliated or derided as ‘the worst pro ever’.

Sir Alex Ferguson’s hairdryer is part of football legend but he turns it on only in the dressing room. Big man Di Canio won’t have won the respect of his players by making a rookie keeper look small, which might explain why Swindon then presented Orient with their first points of the season. Crazy.

Rory's heading for GB

It can be no surprise that Rory McIlroy is edging towards declaring for Great Britain, not Ireland, when golf becomes an Olympic event in 2016.

Although north and south are united in international golf, McIlroy’s leaning is ever more apparent.

Having won the 2011 US Open at Congressional, he was marching towards the scorer’s hut to sign his card when a member of the crowd triumphantly threw a tricolour around his shoulders. Two steps later it lay discreetly on the ground.

Not the action of a man who sees himself celebrating Olympic gold with a few rebel songs.

Get real, Rafa

Launching a book called Champions League Dreams, Rafael Benitez said he was surprised not to be offered the Liverpool job in the summer.

So, having sacked Kenny Dalglish, Liverpool were supposed to replace him with another former manager trading on distant glories

The Fenway Sports Group have made some mistakes, but they’re not completely without marbles.

Sir Alex Ferguson to quit Manchester United in two years

Fergie to quit Old Trafford in two years as United boss lines up swoop for Baines

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UPDATED:

21:45 GMT, 18 August 2012

Fantasy football 2012

Sir Alex Ferguson has planned his exit strategy from Manchester United and will quit in two years' time after building his last great team around Wayne Rooney and last week's 24million capture from Arsenal, Robin van Persie.

And the legendary Old Trafford manager, who begins his 28th season in charge of United at Everton on Monday night, claims the Glazer family will back him again if he makes a formal bid for England left-back Leighton Baines before the end of the transfer window on August 31.

On his way Alex Ferguson (left) is believed to be ready to leave Manchester United after the next two seasons

On his way Alex Ferguson (left) is believed to be ready to leave Manchester United after the next two seasons

Ferguson, 70, took personal control of the Van Persie signing and called Arsenal boss Arsene Wenger directly to ensure his final chapter at Old Trafford is successful, having lost the title to Roberto Mancini's Manchester City on the final day of the season in May.

And he persuaded the Glazers, against the advice of other senior figures at the club, to rubberstamp a 64m investment in transfer fee and wages for Van Persie, even though the 29-year-old Dutchman will have a limited re-sale value.

A source said: 'Alex will only be manager for a couple more years so it was time the owners gave him what he wanted. That's Van Persie.'

Ferguson might even enter the market again to land Baines, who is valued at 17m by his club Everton.

Lining up another: The Glazer family are ready to back the manager's bid to sign Leighton Baines from Everton

Lining up another: The Glazer family are ready to back the manager's bid to sign Leighton Baines from Everton

'There is only one position in particular we are looking at,' the manager said. 'We've splashed out quite a bit of money this summer but I'm sure if I went to the Glazers, they'd say ''yes''.'

Ferguson will decide on the evidence of Van Persie's first two training sessions before deciding whether his new signing will start in Monday night's Barclays Premier League visit to Goodison Park.

Ferguson was at Craven Cottage on Saturday to run the rule over Fulham, next weekend's opponents.

United have received two solid inquiries from Italian clubs for Dimitar Berbatov.

Darren Fletcher, 28, who is battling ulcerative colitis, continued his comeback on Saturday with a 90-minute run-out in United's 1-0 win at Stoke in the Barclays Under-21 Premier League.

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Why Robin van Persie was a 64m farewell present to Sir Alex Ferguson

Why Van Persie was a 64m farewell present to Fergie

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UPDATED:

21:45 GMT, 18 August 2012

Fantasy football 2012

Sir Alex Ferguson will step down as Manchester United manager in two years after building his final great team at Old Trafford around the talents of Wayne Rooney and Robin van Persie.

Ferguson went to unprecedented lengths to push through the deal for Van Persie, believing it was the only way for him to leave a fitting legacy when he retires aged 72 in the summer of 2014.

Many inside United, including chief executive David Gill, questioned whether a 64million investment in Van Persie – a 24m transfer fee plus 200,000-a-week wages for four years – was prudent.

On his way Alex Ferguson (left) is believed to be ready to leave Manchester United after the next two seasons

On his way Alex Ferguson (left) is believed to be ready to leave Manchester United after the next two seasons

There will be no resale value
on the 29-year-old Holland
striker to help ease the club's
debts, which run into hundreds
of millions of pounds.

But having given the Glazer family
his public support over the years,
against the wishes of many United
fans, the owners gave Ferguson payback
by bankrolling the deal.

Ferguson even rang his counterpart
Arsene Wenger directly to make sure
it happened, and the owners accepted
a higher fee than United ideally wanted. The truth, however, is that if the Glazers had not backed Ferguson on this one, his much-needed backing for them might have wavered.

Friends of the United manager, who remarkably begins his 28th season in charge of the club with a Premier League opener against Everton tomorrow night, are aware that he is now beginning the countdown to his retirement in earnest.

He certainly did not want to spend the next 24 months as an irrelevant sideshow to what was happening across town at Manchester City.

A source said: 'Alex will only be
manager for a couple more years so it
was time the owners gave him what
he wanted. And that was Van Persie.
'What is a few million It could be
the difference that helps Alex win the
Champions League again.'

Having missed out on Lucas Moura
to the new European moneybags of
Paris St-Germain this summer, Ferguson
knew his club's status would be
tarnished if United lost Van Persie for
financial reasons when the striker
was desperate to join them.

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Ferguson revealed: 'The boy wanted to come to us. That was important. That made it possible. If he hadn't come out forcibly to Arsenal and told them he wanted to come to Manchester United, negotiations would have been over. 'I spoke to David Gill and he spoke to the Glazer family and they got the ball rolling. But that was some months ago, it was a long haul.'

That haul only ended when
Ferguson – not Gill, who normally
conducts transfer policy – spoke to
Wenger directly.
'It wasn't an easy one because,
understandably, Arsene Wenger
didn't want to sell to Manchester
United,' said Ferguson.

Even so, he was only successful
because the Glazers agreed to
increase their original 15m
bid for Van Persie to 24million
- not a decision taken
lightly given the gloomy
forecasts for a recent United
share issue in New York.

Van Persie is, in effect, an
expensive leaving present
for Ferguson, one that he will
be expected to utilise by making
United the best team in Europe before he
hands over to Jose
Mourinho or Pep
Guardiola.

What is beyond doubt
is that the short-term
impact of the Van Persie
signing has been incredible.
Despite being pipped
to the title by Manchester
City in the final minute of
last season, United go into
their opening game at
Goodison Park buoyant.

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

Got his man: Ferguson signed Robin van Persie from Arsenal for 24million

City, in contrast, are
decidedly downbeat for
champions.
They start their defence
against Southampton with
their manager Roberto Mancini
demanding ready-made signings
like the one Ferguson has just
made, rather than youngsters with
potential like Jack Rodwell, City's
only summer purchase.

Two seasons ago, Wayne Rooney
handed in a transfer request at
Old Trafford claiming he felt the
club lacked ambition – exactly
the same charge levelled by Van
Persie against Arsenal this week.
Following Van Persie's arrival and with United boasting plenty of attacking
options, including Javier Hernandez,
Shinji Kagawa and Danny
Welbeck, Rooney could not be
happier on the 10th anniversary of his
first league game for Everton.

'It's a great time for us,' he said. 'To
sign a player of Van Persie's quality
and ability keeps us all on our toes.
The two of us are quite intelligent
players and we'll train together to get
it right.

'But it's really about the four or five players chipping in with goals when
we can. Everyone was excited to meet
Robin, now everyone is excited for
the first game.

'This provides great competition for
forwards, we all need to try to do everything
right so the manager picks
us.'

Ferguson has long championed the
signings of young, hungry players at
United. But with his own managerial
clock running down, he had no
hesitation in signing the finished
article.
He is pacing himself now as he
moves towards replacing Sir Bobby
Robson as the oldest ever Premier
League manager, a record he will take
in July.

Ferguson has even skipped a couple
of pre-season friendlies abroad to
save himself for the season.
In his time, the streetfighter from
Govan has seen off countless bitter
managerial rivals, including Kevin
Keegan, Kenny Dalglish, twice, Jose
Mourinho and Wenger.
He doesn't want to be beaten on his
final couple of laps by Mancini.

Which is why the Glazers had to
answer the 64m question that was
Robin van Persie in the affirmative.

Manchester United boss Alex Ferguson dismisses claims he will profit from Glazers" share offer

My only motivation is United! Fergie fury over claims he could profit from Glazers' share offer

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UPDATED:

16:33 GMT, 2 August 2012

Fantasy football 2012

Manchester United manager Sir Alex
Ferguson has said he is 'insulted' by claims his recent backing of the
Glazer family is motivated by personal gain.

Andy Green, a financial analyst and an adviser to the Manchester United Supporters
Trust (Must), had suggested that
Ferguson could profit from the controversial 204million initial public offering
(IPO), which the Glazer family are now saying will only partly go
against United's 437m debts.

A clearly angered Ferguson hit back: 'There is not a single grain of truth in this allegation.

'This is an accusation that insults me.'

Backing: Sir Alex Ferguson says he need support of Glazer family to be successful

Backing: Sir Alex Ferguson says he need support of Glazer family to be successful

Ferguson said he felt the need to address the issue to prevent a schism developing between him and the United fans.

A clause within the prospectus for the IPO, which the Glazer's signalled an official intention to launch in New York on Monday evening, suggests senior management figures will receive shares.

Almost immediately, some of those opposed to the Glazer family's ownership of United wondered whether Ferguson was amonst them.

'Being aware of the media coverage that is currently ongoing I felt, on this occasion, that I should make my position clear to the Manchester United fans,' said Ferguson in a statement.

'In regards to suggestions that I have praised the Glazer family because I stand to financially benefit from the proposed IPO, there is not a single grain of truth in this allegation.

'I do not receive any payments, directly or indirectly, from the IPO.'

Unrest: United fans demonstrate against the Glazers

Unrest: United fans demonstrate against the Glazers

Ferguson's recent praise of the Glazer family raised eyebrows in some quarters. Many United fans dislike the Americans for running up massive debts during their leveraged buy-out of the Old Trafford outfit in 2005.

It has been claimed the debts prevent Ferguson from spending big money in the transfer market and competing with the likes of Manchester City and Chelsea.

'Ultimately, I run the football side of this club and in order to do this, you need backing from above,' he said.

'The Glazer family have let me get on with my job, there is no interference or obstruction, only support.'

The most successful British manager of all time, Ferguson indicated that he could have left United for more money if cash had been his prime motivation.

It is why he has been so annoyed at the slur on his character.

'My decisions and beliefs are not based around what is best for my personal financial gain,' he said.

Money matters: United have so far made only major signing this summer, Shinji Kagawa

Money matters: United have so far made only major signing this summer, Shinji Kagawa

'That is an accusation that insults me. If that was the case I would have left Old Trafford a long time ago.

'I am speaking because I do not want a situation to develop whereby the media and other parties create a rift, however small, between myself and Manchester United.

'I've spent 25 years of my life pushing this club forward and not only could I not have done that without those fans, I do it for them.'

Ferguson's statement offers a clear challenge to meet the accusations, raised, amongst others, by the Manchester United Supporters Trust, head on.

The Scot has repeatedly claimed he has always been given the money he wanted to spend in the transfer market and the reason for his relative inacitivity is that there is no value in certain targets.

This Sunday United take on Norwegian outfit Valarenga in the latest stage of their pre-season tour, which also includes matches against Barcelona and Hanover.

The Red Devils are still being linked with Robin van Persie, Leighton Baines and Brazilian Olympic star Lucas Moura, although so far, the only summer arrivals have been Japan playmaker Shinji Kagawa and Crewe's England Under-18 international Nick Powell.

Manchester United postpone stock market flotation

United 'temporarily' postpone stock market flotation amid Eurozone fears

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UPDATED:

00:05 GMT, 26 July 2012

Manchester United have temporarily postponed their flotation on the New York Stock Exchange amid market fears caused by the Eurozone crisis.

The Glazer family, who own the club, are believed to have been spooked by the volatile US markets – forcing them to reconsider their 193million flotation in New York.

The plan had been to begin trading United's shares from early August, but this has been put on ice.

Owners: Avi (left) and Joel (right) Glazer, along with their father Malcolm, have opted to postpone Manchester United's flotation

Owners: Avi (left) and Joel (right) Glazer, along with their father Malcolm, have opted to postpone Manchester United's flotation

Advisers at the club are reassessing the plan to list the company's shares after another dismal week in the eurozone, causing the markets to slide.

United were taken over by Malcolm Glazer and his sons for 790million in 2005. The deal was met by protests from angry fans, who took up the mantra of 'Love United, Hate Glazer' from the off.

Fans were opposed to the US businessman taking over because of his reliance on debt financing, which appears to be playing a part in their consideration of a flotation.

United boss Sir Alex Ferguson recently told fans of the club to lay off the Glazer family

United boss Sir Alex Ferguson recently told fans of the club to lay off the Glazer family

It has been reported than some of the 1billion raised in the flotation would be used to pay down the club's massive 420million gross debt.

Manchester United fans have welcomed the news of the flotation – not only will it dilute the Glazers grip on the club's finances, it could also pay off some of the huge debt their noisy neighbours, Manchester City, persistently remind them of.

Sir Alex Ferguson defends Manchester United owners The Glazer family

Fergie: Back off the Glazers. They're doing a great job! Supporters are still angry over United owners putting club 425m in debt, but manager denies problems

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UPDATED:

23:59 GMT, 21 July 2012

Fantasy football 2012

Sir Alex Ferguson has launched a passionate defence of the Glazer family, insisting: ‘They have always backed me whenever I have asked them for anything.’

In a far-reaching interview here at the first phase of the team’s strenuous pre-season programme, the Manchester United manager rubbished suggestions that the mountainous debt incurred by the American owners of the club was hampering his buying plans.

‘I’m absolutely comfortable with the Glazers situation. They’ve been great,’ he said. ‘So if you’re asking me for my views, I don’t have any complaints.

Relaxed: Sir Alex Ferguson has no concerns about the Glazer family

Relaxed: Sir Alex Ferguson has no concerns about the Glazer family

‘I’ve never encountered opposition. They’ve always been as sensible as they can be in terms of financing the team, and they have to invest in the team to maintain the value of their asset.’

The fiercely strong anti-Glazer feeling among United’s rank and file following has grown with the recent revelation that the family are trying to float the club on the New York Stock Exchange in order to raise about 200million to help relieve the debt built up in buying United seven years ago.

That currently stands at 423m, with the club having spent more than 500m on interest, debt repayments and fees since 2005.

‘I think there are a whole lot of factions at United that think they own the club,’ said Ferguson. ‘They will always be contentious about whoever owns the club, and that’s the way it has always been.

‘When I came to the club, Martin Edwards was always getting pelted because he was going to sell to [Robert] Maxwell, then to [Rupert] Murdoch, Michael Knighton, and when they became a plc there was disaffection.

In the background: Glazer brothers Avram and Joel shun publicity

In the background: Glazer brothers Avram and Joel shun publicity

‘Then, when the Glazers took over, there was disaffection, so there have always been wee pockets of supporters who have their views… and there’s nothing wrong with that. But I think the majority of the real fans will look at it realistically and say it’s not affecting the team. We’ve won four championships since they’ve been there, one European Cup.

‘I think the problem is they [the Glazers] are not publicists. They don’t go out of their way to seek good publicity. They are quite happy to stay in the background. Roman Abramovich is the same.’

United are valued as the richest sports franchise in the world, at 1.5billion, mainly as a result of the efforts of Ferguson, whose haul of 48 trophies since he took over 25 years ago has made him the most successful football manager in British history. And now, giving little indication that his tenure is even close to ending, the 70-year-old Scot is as enthusiastic as ever about the future.

Citing the vast improvements to make the Carrington training complex one of the best in the world as evidence of the Glazers’ investment, he said: ‘Look at what they are spending on the training ground.

Investment: The Glazers have invested 30m into improving United's Carrington Training Ground and new players such as Shinji Kagawa have come into the squad

Investment: The Glazers have invested 30m into improving United's Carrington Training Ground and new players such as Shinji Kagawa have come into the squad

‘It’s going to be fantastic. At the moment it’s a bit of a bombsite, but it’s supposed to be completed by October and we just hope it’s ready on time. They’ll be spending about 30m and its all down to them.’

Ferguson responded to fans’ frustration at the lack of summer transfer activity by insisting he was not prepared to fork out inflated transfer fees. Responding to the fans’ clamour for a 30million-plus signing, he said: ‘Well they can wait!

‘We buy in the right way and that’s the difference between United and the rest — we can play 18-year-olds because it’s part of our history. It’s like a destiny for us that when a young player emerges we play him, and that has never failed us.

Coming to the rescue: Bebe celebrates scoring deep into injury time against Ajax Cape Town

Coming to the rescue: Bebe celebrates scoring deep into injury time against Ajax Cape Town

‘No other clubs can do that. City won’t do it. They definitely won’t play any young players who have come up through the system. Their buys are all 25, 26, 27-year-old established players with a good maturity, experience and good ages. They won’t go away because the age group tells you that. They don’t have any over-30s in their team.

They don’t play any young players and the fans don’t expect any youth players to come through the way we expect them to at United.’

While Chelsea have spent huge amounts to sign the likes of Eden Hazard, the United boss has spent a total of about 20m to bring in Japan forward Shinji Kagawa and teenage midfielder Nick Powell.

Inexperienced side: Antonio Valencia is one of Manchester United's senior players on the pre-season tour as 13 players are still away

Inexperienced side: Antonio Valencia is one of Manchester United's senior players on the pre-season tour as 13 players are still away

‘There is a borderline in terms of what you would think is a good signing for United,’ said Ferguson. ‘I see some values on players, like Hazard for instance. To me it was a lot of money. He’s a good player, but 34m

‘What we’re finding anyway, the climate for buying these top players — not just the transfer fees, [but] the salaries, agent’s fees — is just getting ridiculous now. In the Hazard deal, Chelsea paid the agent 6m. The Nasri situation was the same.

‘It’s all about what you think is value for a player. I am not envious of those deals at all. We placed a value on Hazard which was well below what they were talking about. So if it doesn’t work, well we’re not worried about that. We think we’ve got good value in Kagawa.

Young hope: United spent 4m on Crewe's Nick Powell

Young hope: United spent 4m on Crewe's Nick Powell

‘We scout well. Sometimes we do the scouting for other clubs. The minute the agent knew we’d spoken to Powell, I think every club was in with offers. But we’d done the deal.

‘Whenever we show interest in a player it activates the situation with other clubs. But we’ve done well over the years. We’ve bought well, one or two bad ones, no doubt about that, but you handle that.

‘The big difference is when the academy started 10 years ago we had to change our scouting in terms of abroad. So that’s increased. Looking at countries like Brazil, Mexico and through South America. France, too, we’re all over Europe now.’

Fergie on Retirement

Sir Alex Ferguson has insisted that Manchester United will still continue to enjoy great success even after he decides to end his reign as manager.

Asked if he thought there would be life after him at United, he said: ‘Of course. Manchester United are an institution and the history here forces everything.’

Ferguson hinted that any successor would have to have had a wealth of experience managing at the top level. But he scoffed at the idea that following him would be a daunting prospect.

Not ready to go just yet: Ferguson says he still enjoys working at Manchester United

Not ready to go just yet: Ferguson says he still enjoys working at Manchester United

Would he like to follow himself into this job ‘Yes, definitely. Why not It cannot be an impossible job with the structure we have at this club.

‘I don’t think the club will choose a young manager because it is a job that demands experience. The future is absolutely solid. If you look at the team I could play all under 22 or 23, De Gea, Rafael, Smalling, Jones, Evans. Cleverley, Powell, Chicharito, Lingard, Welbeck, Kagawa. These players will become the United team for the next three or four years.

‘It would not be a daunting prospect to follow me.’

On holiday: Wayne Rooney is not expected back at training until July 26 after playing at Euro 2012

On holiday: Wayne Rooney is not expected back at training until July 26 after playing at Euro 2012

Fergie on Rooney

Wayne Rooney and United’s other top players may not be fully tuned up for the start of the new season because of their summer international commitments.

The club have a comparatively inexperienced squad on their pre-season tour to South Africa and the Far East, with many regulars not due to return to training until later this week.

‘We’ve got 13 players who are not here from the squad,’ said manager Sir Alex Ferguson.

‘Evans, Jones and Vidic are still recovering from operations and treatment for their injuries.

‘With the Euros, Nani, Rooney, Young, Jones, Evra won’t be back until July 26. Then we’ve got four more players (Giggs, Cleverley, De Gea and Rafael) at the Olympic Games. So it is difficult.

‘We’ve bought Shinji Kagawa and we don’t even know who he’s going to be playing with.

‘The rest of the squad won’t be playing until the game against Valerenga on August 5. It’s definitely an awkward feeling.’

Manchester United Champions League failure last season cost club 13m

Champions League failure cost United over 13m (but winners Chelsea raked in 48m)

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UPDATED:

14:58 GMT, 13 July 2012

Manchester United's early exit from the Champions League last season cost the English club almost 13.4million in payments from UEFA compared with the previous year.

United, who are set to be listed on the New York Stock Exchange by the controlling Glazer family, received around 28m in 2011-12 as their share of Champions League TV and sponsorship income.

Hit in the pocket: Manchester United's early Champions League exit costs the club over 13m in payments

Hit in the pocket: Manchester United's early Champions League exit costs the club over 13m in payments

They received a further 986,000 from playing two rounds in the Europa League, the less lucrative competition which they joined after their shock elimination from the Champions League.

United had been paid 42m the previous year when they were runners-up to Barcelona in the Champions League.

In the money: Chelsea raked in a fortune after winning the final in Munich

In the money: Chelsea raked in a fortune after winning the final in Munich

They failed to qualify for the last 16 of the Champions League last season, the first time they had missed out on the knockout stages since 2006.

Chelsea, however, were richly rewarded for their Champions' League victory in May with payments of 48m.

Bayern Munich, beaten by Chelsea on their home ground in the final, earned 33m.

Sir Alex Ferguson should have spoken out about Manchester United owners the Glazer family: Patrick Collins

400 million reasons why you should have spoken out, Sir Alex

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UPDATED:

00:20 GMT, 8 July 2012

Once upon a time, Manchester United’s
balance sheet told a happy tale. An ambitious club, they pursued the
game’s great prizes, paid the largest fees for the finest players and
generally enjoyed a level of prosperity that others could only envy. Yet
they did not owe a single penny.

Then, in the summer of 2005, the
Glazer family of Palm Beach, Florida, acquired this admirable enterprise
by means of a leveraged buy-out. The process was totally legal and, to a
lay person, utterly mystifying. It involved borrowing some 525 million
to complete the purchase, then promptly dumping that sum on the club’s
hitherto pristine books. In seven years, the ingenious family spent
about 500m of the club’s income on servicing that debt, with its
enormous interest charges and professional fees.

Last week, we learned that United are
to be floated on the New York Stock Exchange, via the tax haven of the
Cayman Islands. This is not an unusual way of raising finance but here
it is being done as a faintly desperate means of reducing the Glazers’
debt without diminishing the family’s control. Some thought it an
incongruous operation; the most renowned institution in the domestic
game being treated as if it were a dice to be rolled or a card to be
dealt. But the people who administer English football took the whole
affair in their comfortable stride.

Flotation: Bryan and Avram Glazer, sons of Michael, pictured on a rare visit to Old Trafford

Flotation: Bryan and Avram Glazer, sons of Michael, pictured on a rare visit to Old Trafford

It needs something seismic to shake
the smugness of the Premier League. At the time of the United takeover,
the league’s chief executive Richard Scudamore dismissed the concerns
about debt: ‘The most important thing for us when we met with the
Glazers was to talk about their aspirations regarding television rights
and collective rights generally,’ he declared. And he sounded less
reassuring than he intended.

Five years later, when United’s debts
had passed 700m, he remained unruffled: ‘Manchester United have
continued to be one of the top clubs and since the Glazers have owned it
have continued to deliver huge success,’ he said. ‘It is absolutely one
of the best-run clubs in the world.’

More from Patrick Collins…

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01/07/12

Patrick Collins: Pirlo the master shows how far behind England truly are
30/06/12

Patrick Collins: Sadly Chambers must be chosen, but he could at least end the petulance
23/06/12

Patrick Collins: That touch of Sir Alf is why there is such trust in Roy
23/06/12

Patrick Collins: Fans will be the last to gain from Premier League's 3bn jackpot
16/06/12

Patrick Collins: Now for the real test… but Hodgson's men travel to Euro 2012 in hope
03/06/12

Patrick Collins: Is it any wonder preening Pietersen is so hard to like
02/06/12

VIEW FULL ARCHIVE

Now whenever Scudamore is challenged
about the way in which the various clubs of his league are run, he
usually insists that he is ‘ownership neutral’. It is a formula which
allows his organisation to shrug aside the antics of such as Thaksin
Shinawatra at Manchester City, as well as some of the rascals who have
helped destroy poor Portsmouth. And so long as he can carry on
delivering 3billion television deals, the various owners will not
worry. This is, after all, the ‘Barclays’ Premier League, a
serendipitous title which reminds us that a sensitive conscience can be
an expensive luxury.

But if Scudamore and his chums have
been predictably indifferent to the situation at United, the silence of
the Football Association is far more concerning. The most renowned club
in English football are in debt to the tune of 423.3m. Even the Glazers
admit that: ‘Our indebtedness could adversely affect our financial
health and competitive position.’ Yet the FA, the custodians of the
national game, have nothing to say on the matter.

But there are two other figures whose
silence is both perplexing and regrettable. David Gill, the accomplished
chief executive, was part of the United board who opposed the Glazer
takeover. In the ensuing years, he has defended the owners at every
turn, insisting that the soaring debt has not damaged the club’s ability
to invest in the team.

Then there is Sir Alex Ferguson. Since
2005, he has delivered his employers four League titles and a Champions
League. In addition, he has declined to complain about player
investment and described the Glazers as ‘excellent owners’.

Surprisingly silent: Both Sir Alex Ferguson and David Gill have backed the Glazers since their takeover

Surprisingly silent: Both Sir Alex Ferguson and David Gill have backed the Glazers since their takeover

Yet he, more than anybody, was responsible for that original, unblemished balance sheet. It was his work which had made the club such an inviting financial target. But now he is required to run harder than at any time in his career, simply to stay level. While the famously noisy neighbours make merry with Abu Dhabi’s endless largesse, Ferguson must try to flourish on more slender resources.

He has never complained, since that would be construed as weakness, but ideally he would not have chosen to go against City with Paul Scholes (37) and Ryan Giggs (38) in his engine room. Both have been extraordinary players but the fact that United should have come so close to success with such a venerable cast represented a minor miracle of management.

With City’s ruling family expected to invest still more lavishly in their project — leverage is not a term they recognise at the Etihad — Ferguson’s task becomes painfully daunting. He will give it his best shot, since that is his nature, but deep down he must know that the die was cast on the day when Family Glazer arrived at Old Trafford, bearing promises of a brave new world and around half a billion pounds of debt.

He was the one person who might have altered events. Had he publicised his protests and articulated his opposition, public anger might have been aroused and a more suitable purchaser might have emerged. But he said nothing and now the club who have consumed his energies and talents have become the Cayman Islands-registered Manchester United Ltd. Just another ‘brand’, another commodity, another hopeful gamble on the New York Stock Exchange.

Why I wish AVB well

The last time I saw Andre Villas-Boas, he was about to be sacked. It was March and Chelsea had just lost at West Bromwich Albion. He had concluded, correctly, that several of his players were way past their peak and that drastic surgery was required.

For their part, the old lags recognised their continued employment depended on the manager’s departure. So they got rid of him.

The process was curiously repugnant: they shrugged, pouted and went through the motions, apparently indifferent to the outcome. They made it clear that they would not play for the manager.

An honourable man: Andre Villas-Boas

An honourable man: Andre Villas-Boas

Just a few weeks later, they would mass their defences and ride some outrageous luck to win the Champions League. But by then, AVB would be gone.

He left with great elegance, refusing to blame those who had let him down, and we sensed he still had much to offer. He now has his chance at Tottenham. I hope he takes it.

No room for cheats

Deluded: Stewart Regan

Deluded: Stewart Regan

At the risk of intruding upon private grief, it would seem that demotion to the Scottish Third Division is the very least of the penalties which Rangers should expect for their sustained exercise in financial doping. However, Stewart Regan, the chief executive of the Scottish FA, is trenchantly opposed to such a punishment.

He pleads for the softer option of relegation to the Scottish First Division, apparently on the grounds that Rangers are too big to fail. Indeed, he has issued preposterous warnings of ‘Armageddon’ and ‘social unrest’ if the club should get what they truly deserve. Rangers in the Third Division, warns Mr Regan, would ‘kill the game’ in Scotland.

I suspect he is mistaken, for civilised sanctions will not kill the Scottish game. That task can safely be left to systematic cheats like Rangers. And deluded prattlers like Stewart Regan.

PS

Liz Nicholl is chief executive of UK Sport. This is the excellent body who have invested vast amounts of Lottery and exchequer funding into Olympic sport. Unfortunately, they have a bizarre obsession with bogus targets.

After staging ‘close consultations’, they bravely forecast that GB would win between 40-70 medals. Ms Nicholl has now announced the ‘official’ medal target. ‘Our commitment is to 48,’ she declares.

The figure is as meaningless as the process which produced it. Next time, she should choose the scientific option. And ask a bloke down the pub.