• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

ownership of manchester united

Extracts from this document...

Introduction

Ownership of Manchester united Manchester united was a plc but even before that it was a partnership it changed to a plc in 1989, it was a partnership of 4 people. The Hillsborough disaster in 1989 lead to The Taylor Report witch is a document, whose development was overseen by Lord Taylor of Gosforth, concerning the aftermath and causes of the the disaster. The Taylor report demanded that all the top league clubs updated the seating and made it all safe and that everybody had to sit down. The problem for Manchester united was that they could not afford to make the changes needed, so Manchester united 4 owners had to sell sharers of the company making it a plc. Plc stands for public limited company. The features of a plc are ... that its shears can be sold on the stock market and people of the public can own it. Advantages of been a plc is that money can be made quickly and that the owners can not loose belongings if the business falls into debt, they just loose what they own in the club. The firm is big there for easier to negotiate with suppliers Manchester United is now a private limited company (Ltd). ...read more.

Middle

He then managed to secure the stake of the third largest stakeholder, Scottish mining entrepreneur Harry Dobson, taking his share totals to 62% of the club. Just hours later, Glazer had bought a further 9.8% stake taking his total ownership to 71.8%. On 16 May 2005, Glazer took his shareholding in United to 75%, allowing him to end the club's PLC status and delist it from the London Stock Exchange, which he did on 22 June. On 14 June 2005, Glazer successfully increased his share in the club to 97.3%, sufficient for full control. On 28 June he increased his share to 98%, enough for a compulsory buyout of all remaining shareholders. The final valuation of the club was almost �800 million (approximately $1.47 billion). Features of Ltds. An Ltd is where there are at least 2 shareholders. Shares are sold privately to friends and family, who invest money into the business. The receive dividends in return dividends are where profits have to be sheared. Dividends are a name given to an amount of profit each shareholder receivers. Was Manchester united becoming an Ltd good or bad ... yes as it brought a lot of money to the club but the fans were not happy they did not welcome the glazer takeover. ...read more.

Conclusion

Also the fans would be a lot happier as they could own a part of the club. Allot of fans were unhappy with tae take over signs of this were another club were set up named football club f.c united and also attendances fell. But if Manchester united became a Plc once again then they would rise as fans would support the club more. The fans felt like taking the sprit they had put into the club and putting it into another club, a club they could be part of again. If united became a Plc there would be a great advantage for them as they would be able to pay off all there debts and with left over money they could buy new players for the club, by new coaches, new equipment, and new things for the fans such as better seating. In my opinion it would be best for united to turn back to a Plc because there are great advantages' and Malcolm Glazer will never be able to pay off the debt as he has to pay �60 million interest a year. But a disadvantage if united become a publicly limited company again is someone may try buy the club again like Glazer did. ?? ?? ?? ?? Josh szpara ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. Human Resources Management

    the numbers in an organisation who already posses certain category of skills. In Ford they count the amount of managers and workers in their organisation. * The skills available: Ford needs to identify the skills held by their labour force because then they can easily work out how much more

  2. English for business

    If company B does not want to be taken ober, the bid is hostile. There are other ways of saying that one company is taking over another one and it means that the company is acquiring another or making an acquisition.

  1. Business Ownership

    Marketing co-operative There are also the marketing co-operatives. Marketing has always been a problem for small businesses. It is where separate businesses join together so they can market all their products.

  2. Business Plan. After putting a lot of thought into what kind of business we ...

    * Some customers will find it time consuming filling out the questionnaire so they might reject the offer to do so. * Customers may not trust telephone interviews as they do not know who they are speaking to. In order to find out if my business would be popular with the general public I needed to do some primary research.

  1. world development

    They also ensure that everything has a full back-up system to restore data if there is a system failure. Finally ICT specialists assist others by repairing any problems and advise staff on the use of new software or any updates.

  2. Business Report

    Therefore Donald would be better off setting up a shop, which has a large population. * Population Wealth If people were wealthy, Donald would receive more customers spending more money on his products. Crawley is a wealthy location because it has a high employment rate.

  1. Importance of Human Resources Management

    the numbers in an organisation who already posses certain category of skills. In Ford they count the amount of managers and workers in their organisation. * The skills available: Ford needs to identify the skills held by their labour force because then they can easily work out how much more

  2. Business ownership.

    Each partner shares out the responsibility equally. There is a wider range of skills, which is available for holidays and illness where in a sole trader business cover isn't usually available. The disadvantages to starting up a partnership business are that disagreements can occur easily. Profits have to be shared out equally no matter what.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work