11-03-2010, 05:45 PM
(This post was last modified: 11-03-2010, 05:47 PM by Phil-M.U.F.C..)
About the new sponsorship
Gill - Glazers good for United
United chief Gill insists Glazers are a positive influence
Chief executive David Gill has hailed the business influence of the much-criticised Glazer family on Manchester United, following the announcement of a new lucrative sponsorship deal for the club.
United supporters have made their feelings known in recent weeks with the highly-visible green and gold campaign, but sources close to the Glazers insist the American family will not sell the club to the Red Knights consortium despite debts of over £700 million.
The Red Knights have secured the services of leading global investment bank Nomura to help line-up a potential takeover and received global media exposure when former United star David Beckham donned a green and gold scarf after Wednesday night's
UEFA Champions League demolition of AC Milan.
Despite the protests, Gill reinforced the Glazer's position as he announced a new five-year deal with Telekom Malaysia to become the 'Intergrated Telecommunications Partner' of the Old Trafford outfit.
"There are protests," said Gill. "Everyone has the right to protest and there was certainly a lot of green and gold there on Wednesday night, you cannot deny that.
"But this partnership demonstrates the strength of the club. It is a long-term partnership for five years.
"We will be around for the length of this five-year deal and many more in addition to that.
"We have a sound business model and Telekom Malaysia is partnering one of the best teams in world football. That will always be the case."
Agreement
The sponsorship agreement is part of a new commercial strategy implemented by the Glazer family.
Instead of taking a global approach, United adopt a territorial stance, doing exclusive deals in specific areas to maximise income and make the most of an estimated 333 million supporters worldwide.
It was one of the facts the Glazers took into account when they launched their own takeover, which at the time even Gill felt involved too much debt. Now though he feels the evidence points to a streamlined business model that, in the day-to-day running of the club, delivers huge profits.
"The owners thought we were doing very well on the commercial front but that there were other opportunities out there," he said.
"This is the insight they have brought in.
"It doesn't get much media coverage but the very fact they have come in and are able to do these deals benefits us. We can reinvest that money back in the club."
source: skysports.com
Another article about the Nomura investment bank to work with Red Knights
Nomura to advise Red Knights
Leading investment bank to work closely with United suitors
The Red Knights group has seen its bid to gain control of Manchester United receive a shot in the arm with confirmation a leading global investment bank has agreed to advise on a possible acquisition.
Wednesday's night demolition job on AC Milanwas played out against a backdrop of supporter unrest as repeated chants against the Glazer family were aired inside Old Trafford.
The Glazers, through chief executive David Gill, have said it is business as usual and that they have no intention of selling despite United being over £700million in debt.
Investment back Nomura will work closely with the Red Knights, the Manchester UnitedSupporters' Trust and other potential investors to "coordinate and formulate the proposal to be put to the Glazer family".
The Nomura team will be led by Guy Dawson and Andrew McNaught, both of whom advised the Board of Manchester United plc when the club was sold to the Glazer family in 2005.
Nomura is beginning its role by contacting the many expressions of financial support the Red Knights have received to date.
A spokesman for the Red Knights has told Sky Sports News there are now "up to 70 expressions of interest" from wealthy investors.
Beckham boost
The Red Knights group could not have been handed a more favourable piece of publicity on the night, as returning old boy David Beckham donned a green and gold scarf to a rapturous reception.
Protesters against the Glazers have adopted the green and gold colours and they have been highly visible at United matches in recent weeks.
"I'm a Man United fan. I saw the scarf there. I put it round my neck, it's the old colours of Man United, that's all I knew," Beckham said.
"To be honest it's (the protest) not my business. I'm a Manchester United fan. I support the club. I always have done and I always will do.
"It's nothing to do with me the way everything is run, that's to do with other people but I'm a Man United fan and I support the team. I will always support them."
source: skysports.com
Gill - Glazers good for United
United chief Gill insists Glazers are a positive influence
Chief executive David Gill has hailed the business influence of the much-criticised Glazer family on Manchester United, following the announcement of a new lucrative sponsorship deal for the club.
United supporters have made their feelings known in recent weeks with the highly-visible green and gold campaign, but sources close to the Glazers insist the American family will not sell the club to the Red Knights consortium despite debts of over £700 million.
The Red Knights have secured the services of leading global investment bank Nomura to help line-up a potential takeover and received global media exposure when former United star David Beckham donned a green and gold scarf after Wednesday night's
UEFA Champions League demolition of AC Milan.
Despite the protests, Gill reinforced the Glazer's position as he announced a new five-year deal with Telekom Malaysia to become the 'Intergrated Telecommunications Partner' of the Old Trafford outfit.
"There are protests," said Gill. "Everyone has the right to protest and there was certainly a lot of green and gold there on Wednesday night, you cannot deny that.
"But this partnership demonstrates the strength of the club. It is a long-term partnership for five years.
"We will be around for the length of this five-year deal and many more in addition to that.
"We have a sound business model and Telekom Malaysia is partnering one of the best teams in world football. That will always be the case."
Agreement
The sponsorship agreement is part of a new commercial strategy implemented by the Glazer family.
Instead of taking a global approach, United adopt a territorial stance, doing exclusive deals in specific areas to maximise income and make the most of an estimated 333 million supporters worldwide.
It was one of the facts the Glazers took into account when they launched their own takeover, which at the time even Gill felt involved too much debt. Now though he feels the evidence points to a streamlined business model that, in the day-to-day running of the club, delivers huge profits.
"The owners thought we were doing very well on the commercial front but that there were other opportunities out there," he said.
"This is the insight they have brought in.
"It doesn't get much media coverage but the very fact they have come in and are able to do these deals benefits us. We can reinvest that money back in the club."
source: skysports.com
Another article about the Nomura investment bank to work with Red Knights
Nomura to advise Red Knights
Leading investment bank to work closely with United suitors
The Red Knights group has seen its bid to gain control of Manchester United receive a shot in the arm with confirmation a leading global investment bank has agreed to advise on a possible acquisition.
Wednesday's night demolition job on AC Milanwas played out against a backdrop of supporter unrest as repeated chants against the Glazer family were aired inside Old Trafford.
The Glazers, through chief executive David Gill, have said it is business as usual and that they have no intention of selling despite United being over £700million in debt.
Investment back Nomura will work closely with the Red Knights, the Manchester UnitedSupporters' Trust and other potential investors to "coordinate and formulate the proposal to be put to the Glazer family".
The Nomura team will be led by Guy Dawson and Andrew McNaught, both of whom advised the Board of Manchester United plc when the club was sold to the Glazer family in 2005.
Nomura is beginning its role by contacting the many expressions of financial support the Red Knights have received to date.
A spokesman for the Red Knights has told Sky Sports News there are now "up to 70 expressions of interest" from wealthy investors.
Beckham boost
The Red Knights group could not have been handed a more favourable piece of publicity on the night, as returning old boy David Beckham donned a green and gold scarf to a rapturous reception.
Protesters against the Glazers have adopted the green and gold colours and they have been highly visible at United matches in recent weeks.
"I'm a Man United fan. I saw the scarf there. I put it round my neck, it's the old colours of Man United, that's all I knew," Beckham said.
"To be honest it's (the protest) not my business. I'm a Manchester United fan. I support the club. I always have done and I always will do.
"It's nothing to do with me the way everything is run, that's to do with other people but I'm a Man United fan and I support the team. I will always support them."
source: skysports.com