[DaveSmith99]

(Original post by Saf94)
I thought it started from 2014 we wouldn't get the money until then right?

Don't see why we couldn't have negotiated to receive some of the money now.

[Kevmeister]

(Original post by DaveSmith99)
Don't see why we couldn't have negotiated to receive some of the money now.

Especially given they're a partner sponsor right now anyway. If GM are happy to do it then it's just a case of putting the details in the contract.

[DaveSmith99]

http://www.bloomberg.com/news/2012-0...begin-ipo.html

Bloomberg reporting that the IPO could be back on, and could be very soon.

[Kevmeister]

(Original post by DaveSmith99)
http://www.bloomberg.com/news/2012-0...begin-ipo.html

Bloomberg reporting that the IPO could be back on, and could be very soon.

If this is true then Andersred is a scaremongerer.

I seen some Utd fans on twitter moaning about signing a deal with Chevrolet. Who honestly gives a **** about the sponsors? Heck, 20 years ago we had none on the ****ing shirt. Some people just need something to moan about. *****.

Piece on deal, with figure put at £380m over 7 years, with £64m being paid up front. If true, that is astonishing.

[VQG]

Reuters) - General Motors Co signed a sponsorship deal with Manchester United valued at as much as nearly $600 million (382 million pounds) one day after the U.S. automaker's global marketing chief was ousted in connection with a deal with the popular English soccer club.

Under the seven-year deal, which makes Chevrolet the jersey sponsor starting in the 2014-2015 season, GM will pay $60 million to $70 million a year -- at least double the current fee paid by insurance broker Aon, said a person with knowledge of the contract who asked not to be identified. GM also will pay the club a $100 million activation fee, the person said.

GM and Manchester United officials declined to reveal terms of the deal, which is separate from another sponsorship agreement announced in May with Manchester United. Terms of that five-year deal were not disclosed, but analysts said it is likely worth at least tens of millions of dollars.

GM also declined to discuss why global marketing chief Joel Ewanick was pushed out on Sunday. A GM spokesman previously said Ewanick, who has declined to comment on why he left, "failed to meet the expectations that the company has for its employees.

A source told Reuters that Ewanick failed to properly report financial details about a recent sponsorship deal with the soccer club. It was unclear which deal that refers to as GM on May 31 said it would take over as Manchester United's automotive sponsor, replacing Volkswagen's Audi brand.

Manchester United's current jersey sponsorship deal is with Aon, which pays $30 million a year for the right to put its name on the front of jerseys worn by players during games. That practice is quite lucrative for soccer clubs around the world, but is not allowed by most U.S. sports leagues.

(Reporting by Ben Klayman; Editing by Gary Hill)

Unbelievable deal that is, ****ing hell.

[Tommyjw]

GM will pay $60 million to $70 million a year

GM also will pay the club a $100 million activation fee, the person said

So.. what? Surely this can't actually be true and that high?

[Kevmeister]

(Original post by Tommyjw)

GM will pay $60 million to $70 million a year

GM also will pay the club a $100 million activation fee, the person said

So.. what? Surely this can't actually be true and that high?

Biggest manufacturer in the world. Wouldn't be surprised if its true [ish].

[DaveSmith99]

No wonder they fired that bloke haha

[Kevmeister]

Can't wait for Zurich to come in here.

[VQG]

(Original post by Kevmeister)
Biggest manufacturer in the world. Wouldn't be surprised if its true [ish].

If that is true: Chevrolet deal + current DHL deal would be good enough to knock nearly all the debt off? That's not including the money we'll be getting in our new nike deal.

[Tommyjw]

(Original post by DaveSmith99)
No wonder they fired that bloke haha

Is that actually being linked as a reason?

Is it basically that, say this deal is true, something dodgy happened and/or he shouldnt have agreed to so much and thus he got fired for it?

[Kevmeister]

(Original post by VQG)
If that is true: Chevrolet deal + current DHL deal would be good enough to knock nearly all the debt off? That's not including the money we'll be getting in our new nike deal.

In simple terms it would be, but we won't get all the money upfront. Still need an IPO or to bring an investor on board. It will help lessen the blow, somewhat.

This announcement and frontloaded money could be designed to help the IPO.

[Kevmeister]

(Original post by Tommyjw)
Is that actually being linked as a reason?

I dont really understand it and cba to look into it lol. Is it basically that, say this deal is true, something dodgy happened and thus he got fired for it?

Nah, its just convenient - fired due to pulling advertising with facebook, those above started negotiations to get deal going again. For the world's biggest car manufacturer the exposure this deal, and the size of this deal, will bring is worth it.

Chevrolet is essentially an Asian manufacturer - we are the biggest club in Asia. Deal makes sense. They want worldwide exposure, with renowned brands, as evidenced by deals with us and Liverpool being agreed prior to this one.

The guy may have been pushed due to the partner deal with us, which clashes with this one.

[Akkuz]

Were going to sell shares at $16-$20, in a bid to raise £210m. http://www.bbc.co.uk/news/business-19057547

[Tommyjw]

(Original post by Akkuz)
Were going to sell shares at $16-$20, in a bid to raise £210m. http://www.bbc.co.uk/news/business-19057547

Only browsed what Andersred has said but he is basically saying it is **** and will only aim to take £75m off debt a few other crap things about it.

[Kevmeister]

Yes! Getting screwed over by the Glazers, yet again - they each stand to gain $25m from this IPO, if it sells at the top rate. ****ing *****.

It will save us approx £7m a year, but we'll be taxed more so it equates to about £4.5m. Awesomeness.

[DaveSmith99]

(Original post by Tommyjw)
Is that actually being linked as a reason?

Is it basically that, say this deal is true, something dodgy happened and/or he shouldnt have agreed to so much and thus he got fired for it?

Apparently he got fired because the deal doesn't include anything that makes us write Chevrolet on the kit, we just have to have the logo.

[Kevmeister]

(Original post by DaveSmith99)
Apparently he got fired because the deal doesn't include anything that makes us write Chevrolet on the kit, we just have to have the logo.

Its one of the most recognized logos in the world. Crazy yanks.

[Abiraleft]

(Original post by Kevmeister)
I seen some Utd fans on twitter moaning about signing a deal with Chevrolet. Who honestly gives a **** about the sponsors? Heck, 20 years ago we had none on the ****ing shirt. Some people just need something to moan about. *****.

What exactly are they moaning about?

[SciFiRory]

meh, at least I know what Chevrolet are, lol, didn't have a clue with AoN, still don't really!

I also quite like our new home kit, I know a lot of people are moaning about that too, but I think it's pretty cool

can't believe it's less than 3 weeks till the new season gonna be watching a lot of it I expect, have surgery next week and after that I basically have to rest for like a month!