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ownership of manchester united

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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.

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