Tag Archives: motors

Alex Ferguson electric car: Manchester United boss drives new Chevrolet Volt

After blowing his gasket on Boxing Day, Fergie's new electric car is right up his street…

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UPDATED:

13:36 GMT, 31 December 2012

He may have turned 71 today, but Sir Alex Ferguson has never been afraid to modernise, as his latest new signing shows.

The Manchester United manager has been purring about his latest investment, the energy-saving electric Chevrolet Volt.

When running in its near-silent electric mode the Volt has a range of around 50 miles, capable of getting Fergie to and from United’s training ground at Carrington.

Buzzing: Fergie drives his new Chevrolet Volt to training every day

Buzzing: Fergie drives his new Chevrolet Volt to training every day

Blowing his gasket: Fergie loses his cool with referee Mike Dean

Red faced: Fergie loses his cool with referee Mike Dean

CHEVROLET VOLT
Maximum
battery
life performance – with option of charging at home
0-62 mph in 9 secondsCapable of running in pure electric mode for 40-80 km

‘I think the Volt is absolutely phenomenal,’ said Ferguson.

'A
friend of mine drove one in the States and kept going on and on about
it, so when I had the opportunity I said 'yeah I’m going to try it
because it’s the car of the future, really.

'I’m very pleased with it.’

An added bonus for the Scot is that the Volt only attracts a five per cent tax charge, meaning a higher rate taxpayer such as Ferguson will only have to pay 58.25 per month.

Ferguson isn’t the only man connected with United to enjoy cutting down on his carbon footprint.

Ex-United captain Gary Neville speaks proudly of the fact he owns a hybrid car and when he’s not driving his Vauxhall Ampera, he takes the train.

So how long before the rest of the team follow their manager's lead and swap their super cars for hybrid motors

Modest: Fergie's new car will stand in contrast to some of his star players

Modest: Fergie's new car will stand in contrast to some of his star players

Top gear! How Fergie's new car compares to the best of the rest…
Wheely good: Legendary George Best used to drive his Lotus Europa to Old Trafford

Wheely good: Legendary George Best used to drive his Lotus Europa to Old Trafford

All smiles: Brian Clough steps into his car outside his hom after Derby after he was sacked by Leeds in 1974

Moving on: Alan Ball starts up his Ford after being sacked by Blackpool in 1981

Start the car: Late greats Brian Clough (L) and Alan Ball make a getaway in their cars after being sacked by Leeds and Blackpool in 1974 and 1981 respectively

Villa Car Park: The 1983 Aston Villa squad had MG Maestro cars delivered after the club signed a two-year sponsorship deal with Austin Rover

Villa Car Park: The 1983 Aston Villa squad had MG Maestro cars delivered after the club signed a two-year sponsorship deal with Austin Rover

Wheeler dealer: QPR boss Harry Redkanpp is famed for giving interviews in his Range Rover

Wheeler dealer: QPR boss Harry Redkanpp is famed for giving interviews in his Range Rover

Staggering Chevrolet deal boosts United profits but debt remains an eye-watering 360m

United debt remains eye-watering 360m but Chevrolet deal boosts profits

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UPDATED:

13:16 GMT, 14 November 2012

Manchester United’s gross debt was reduced to 359.7million after the club’s owners ‘retired’ a further 62.6million-worth of bonds during the first financial quarter.

A 32.4 per cent increase in sponsorship revenues, underpinned by that massive shirt deal with Chevrolet, contributed to commercial revenues rising by 24 per cent to 43million over the quarter and an overall profit of 20.5million.

United estimate overall income will reach 350million and 360million over the entire financial year to June 30, 2013.

Reason to be cheerful Manchester United have reduced their debt

Reason to be cheerful Manchester United have reduced their debt

The results are bound to receive a negative reaction from some fans groups, particularly as reports in the United States overnight indicated the club had to be forced to disclose greater information than they initially wanted when they launched their IPO in the summer. But commercially, at least, the results underline how successful United have been.

In the last quarter alone, United entered into 10 sponsorship arrangements, including that incredible 357million deal with General Motors for the Chevrolet logo to be worn on their shirts for seven seasons from 2014.

That eye-boggling sum persuaded 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.

'Manchester United had a record first quarter driven by our commercial operation, which continues to experience extremely strong global revenue growth in new media & mobile, retail merchandising & sponsorship,; said United executive vice-chairman Ed Woodward.

Under pressure: Some United fans remain opposed to the Glazer family

Under pressure: Some United fans remain opposed to the Glazer family

'The team has also made a strong start to the 12/13 season – currently 1st place in the Premier League and 1st place (and undefeated) in our Champions League Group.'

United confirmed the 'exceptional item' of 3.1million related to professional advisor fees in connection with the IPO.

This sum will be seized on by critics of the Glazer family, who continue to point to the massive sums incurred by the club as a direct result of their controversial leveraged takeover in 2005.

Yet United now appear set on a campaign to maximise commercial revenues.

They have opened an office in Hong Kong and confirmed staff costs had risen to 40.3 million 'primarily due to growth in commercial headcount'.

Reverse: United bought out the deal with DHL to sponsor the training kit

Reverse: United bought out the deal with DHL to sponsor the training kit

United also confirmed they received 1.3million due to their players being selected for Euro 2012.

United's broadcast revenues have dipped substantially by 37.4 per cent, although most of this is being put down to the fact the Red Devils played only one home Champions League game during the period concerned compared to two 12 months ago.

And, as United have already qualified for the knock-out stages of the competition compared to their catastrophic group stage exit last term, further rises in revenue will be anticipated.

It also seems United pocketed around 2million as a result of Old Trafford being an Olympic venue given a 13.3 per cent rise in matchday revenue to 19.6million.

Manchester United buy out 40m DHL training kit deal in a bid to secure better deal

Man United buy out 40m training kit deal in a bid to generate more cash

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UPDATED:

22:03 GMT, 25 October 2012

Manchester United have bought back the sponsorship rights to their training kit.

When United announced they ahead done
a deal with DHL in 2010 worth 40million over four years, most experts
were astonished at the sum as it exceeded all the actual kits deals of
all their Premier League rivals outside of the elites group of present
and past Champions League qualifiers.

Big deal: DHL had paid 40m to sponsor training kit

Big deal: DHL had paid 40m to sponsor training kit

Since then though, United have done the eye-boggling 559m shirt deal with General Motors, who are paying a world record sum to replace AON as shirt sponsors in 2014.

And the Glazer family have taken the unusual step of buying out DHL, so certain are they of gaining even greater revenue.

'We have successfully negotiated an early buy-out of our training kit agreement with DHL effective 30 June 2013,' the club confirmed this evening.

Usual step: The Glazer family

Usual step: The Glazer family

'DHL will then continue as our global logistics sponsor.

'The significantly increased value of agreements concluded since entering into this agreement, such as our recent 559m world record shirt sponsorship with General Motors, leads us to believe that there should be strategic opportunities to further optimize the value of these rights.'