• 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. Functional Areas Report

    Most firms have their name, address and business symbol (logo) printed at the top or bottom of their headed paper. It is also common to include the name of the company chairman or main directors, for example Tesco's would be Sir Terry Lee.

  1. English for business

    long and short term notion of gain, profit and sustainability, cash and accounting concepts of value, democracy and authority, power and accountability. This model is more common in continental Europe and Japan. The micro approach to corporate governance refers to shareholders. This is concerned with maximizing wealth creation for shareholders.

  2. Business Studies

    to achieve its goals * The marketing planning process refers to the process of developing implementing and then controlling a series of processes that involve the development of marketing strategies and goals aimed at a select group of consumers * The marketing plan will differ between businesses * The stages

  1. Business Ownership

    Members are in control, not outside shareholders, though some workers co-operative employ a general manager. The workers co-operative would reduce conflicts because the worker and the owner is the same person. Members would have a greater sense of responsibility and work harder to make the business succeed.

  2. Business Studies Edexcel Coursework

    The above the line strategy employs current traditional media: television, newspapers, magazines, radio, outdoor, and internet. We have already discussed the inessentials of above the line advertising in relation to Errol Anderson Motors; in brief, Errol is a relatively small garage (sole trader)

  1. Types of Ownership

    In some partnerships there may be what are called sleeping partners that have invested money into the business but do not work in the business on a day-to-day basis. They usually receive a smaller profit than the active partners do.

  2. world development

    A credit controller monitors overdue payments and takes action to recover bad debts. Finance staffs maintain the accountants by keeping financial records, chasing up late payments and paying for items purchased. Mostly all businesses use computer accounting packages to record financial transactions and organize their accounts as well as spreadsheets to evaluate financial data.

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