• 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

    A business, company or firm is an organization that sells goods or services. A business may be referred to formally as a concern. Then, it may be referred to approvingly as an enterprise in order to emphasize its adventurous, risk taking qualities and business in general may be referred to

  1. Business Studies

    will undoubtly tell others, financial strain and personal costs may lead to break downs in areas of the employees life > Social costs may be heightened with prolonged disputes Political costs: > Govt may play a role in resolving disputes > Govts may be damaged by adopting a particular view

  2. Business Ownership

    Partnerships have unlimited liability, so they are responsible for all the debts of the business. Co-operatives A co-operative is different from any other type of business. It is owned and run by the whole work force. The owners of the co-operative business try it on democratic principles and sometimes support local events.

  1. world development

    for recruiting new employees and making sure that every job is occupied with the right person who is trained and committed so the business can achieve its aims. It's important as it can be disastrous if the wrong person is hired to do something for the company and the person, it can also be very time consuming and expensive.

  2. Importance of Human Resources Management

    Discrimination also exists where there is a requirement (a rule, policy, practice or procedure) that is the same for everyone, but which has an unfair effect on particular groups. If the manager of Ford said that employees who had worked continuously for the company for 20 years would receive a

  1. Types of Ownership

    * The owner has unlimited liability for any debts. This means that if the business is unsuccessful the owner may have to sell personal possessions to pay the debt. * The owner may be poor at accounting, marketing, administration activities etc...

  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