INVESTORS POISED FOR UNITED BID
By David Mcdonnell 26/05/2007
INVESTORS are on red alert for a potential £800million takeover after the revelation that the Glazers are willing to sell Manchester United.
As Mirror Sport exclusively reported yesterday, the Glazer family are ready to listen to bids less than three years after completing their takeover.
That has seen a flurry of activity in the City, with a number of parties ready to voice their interest.
Refinancing has made United's debt more manageable, while new TV and sponsorship deals and hikes in ticket prices have significantly increased revenue.
But City analysts say the Glazers are not making the returns they envisaged.
Investment group Delta Two, who inquired about buying ITV's stake in Arsenal, could be interested, as could Dubai International Capital, who failed to buy Liverpool.
But Chelsea chairman Bruce Buck has warned US investors the Premiership is not a guaranteed cash cow.
Americans George Gillett and Thomas Hicks have bought Liverpool but Buck, a former New York lawyer who has lived in the UK for nearly 25 years, said: "They will be surprised how difficult it is to make money in football."
http://www.mirror.co.uk/sport/football/tm_headline=investors-poised-for-united-bid--%26method=full%26objectid=19202388%26siteid=89520-name_page.html
By David Mcdonnell 26/05/2007
INVESTORS are on red alert for a potential £800million takeover after the revelation that the Glazers are willing to sell Manchester United.
As Mirror Sport exclusively reported yesterday, the Glazer family are ready to listen to bids less than three years after completing their takeover.
That has seen a flurry of activity in the City, with a number of parties ready to voice their interest.
Refinancing has made United's debt more manageable, while new TV and sponsorship deals and hikes in ticket prices have significantly increased revenue.
But City analysts say the Glazers are not making the returns they envisaged.
Investment group Delta Two, who inquired about buying ITV's stake in Arsenal, could be interested, as could Dubai International Capital, who failed to buy Liverpool.
But Chelsea chairman Bruce Buck has warned US investors the Premiership is not a guaranteed cash cow.
Americans George Gillett and Thomas Hicks have bought Liverpool but Buck, a former New York lawyer who has lived in the UK for nearly 25 years, said: "They will be surprised how difficult it is to make money in football."
http://www.mirror.co.uk/sport/football/tm_headline=investors-poised-for-united-bid--%26method=full%26objectid=19202388%26siteid=89520-name_page.html
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