Glazer 'gains 75% Man Utd stake'
來源: BBC http://news.bbc.co.uk/2/hi/business/4550141.stm
Malcolm Glazer has secured a 75% share in Manchester United, enabling
him to take charge of the club, the Reuters news agency has reported.
Reuters quotes a source close to the matter saying that the billionaire
US sports tycoon has now purchased the additional shares he needed.
Reaching the 75% figure would enable Mr Glazer to take Manchester United
private and delist its shares.
Man Utd fans have promised to continue to oppose his takeover of the club.
"We're through 75%," the source told Reuters.
Television rights
Although no formal announcement was made that Mr Glazer has gone over
the 75% figure, a large block of 1.2 million shares changed hands within
90 minutes of the stock exchange opening in London.
If Mr Glazer was the buyer this would be enough to take him over the
75% mark. At that level of shareholding, as well as delisting, he would
be able to transfer a large amount of debt onto the club's books.
With a 75% stake, Mr Glazer would also leave the holders of the
remaining stock with next to no power.
Short of receiving copies of the company's accounts and the right to
attend annual meetings, their shares will affectively be worthless,
as Mr Glazer would be unlikely to pay them dividend payments.
And if Mr Glazer can get 90% of the remaining shares block that are
left, he would then be able to make a compulsory purchase to buy up
the final 10% slice.
Premier League chief Richard Scudamore has played down suggestions
that Mr Glazer may now try to break out of a collective TV deal to
start raising more cash at Man Utd.
Mr Scudamore said it would be "almost impossible" for Mr Glazer to achieve.
'Pandemonium'
Meanwhile United fans angry at the takeover have threatened to stage
more protests at Saturday's FA Cup final at the Millennium Stadium
in Cardiff.
Shareholders United vice-chairman Oliver Houston told the Observer
there was "an appetite for creating pure pandemonium".
"Two people running on the pitch caused problems when Liverpool played
Chelsea recently, so imagine what will happen if there are hundreds of
people on the pitch in Cardiff," he said.
Demonstrations at the club's game at Southampton on Sunday were not
on the scale expected, but some fans displayed banners.
There were three arrests and one black banner read "you were my life,
goodbye Manchester United football club, RIP".
Anti-Glazer chants were also heard at the game, which was overshadowed
by the home team's relegation from the Premiership.
Debt worry
Supporters say the club, which became a plc in 1991, will be saddled
with huge debts because of the way the takeover has been financed.
Some pundits believe Mr Glazer will start to look into the Premier
League's TV bargaining arrangement, which is due for renewal, in an
effort to increase the club's profitability.
The clubs currently makes about ￡50m a year from the collective
agreement, but that could increase if they were allowed to negotiate
independently.
To make a change, Mr Glazer would need another 13 clubs to side with
him on the issue.
Mr Scudamore told BBC Radio Five Live's Sportsweek programme: "The
Premier League is blessed with a very conservative constitution.
Fourteen clubs out of 20 need to vote to do anything.
"So it is almost impossible, and we have seen it in the past, for a
small group of clubs to come along and achieve an alteration to what
has been a very successful formula, both in terms of the way we do
the TV deals and also the way we distribute the money."
Campaign group Shareholders United has urged supporters to stop buying
club merchandise and the products of sponsors, such as Vodafone, Nike,
Anheuser-Busch and Audi, if the club changes hands on Monday.
The group said its membership had increased to 30,000 from 20,000 in
the last few days.
Mr Glazer's son Joel is expected to take an active role in running
the club and claims his family are "avid" Manchester United fans.
He has said they intended to work with the current management, players
and fans.
曼聯一夜之間從最富變最窮 紅魔參加冠軍杯都成問題
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http://sports.sina.com.cn 2005年05月16日12:35 體壇週報
曼聯易幟之後，有個切爾西球迷在論壇裡留下了這麼一句：「我們曾一屁股債，曼聯
則是世上最富的球隊。但嗖的一聲滄海桑田，阿布還清了欠賬，格雷澤的一個收購電話卻
讓曼聯陷入巨額債務。」這句話從一定程度上揭示了格雷澤收購曼聯和阿布收購切爾西之
間的本質不同。
根據格雷澤上週五(5月13日)在股市公佈的收購文告，格雷澤家族收購紅魔的8億多英
鎊的資金中(註：收購資金8.12億，比7.9億多2200萬，是財務顧問的費用)，有2.72億是他
們自有的現金(這比阿布收購切爾西全部時付出的2億現金要多)，2.75億是以向金融投資基
金發放優先股換取的，2.65億英鎊則是向摩根大通銀行借的貸款。也就是說，總計借款達
到5.4億。難怪有曼聯球迷高呼，曼聯一下子背上了「世界上最誇張的房貸」。
從理性分析上來說，格雷澤是個商人，商人的唯一目的就是賺錢。而格雷澤更是一個
摳門到極點的葛朗台(見「格雷澤其人」)，他不會把自己一輩子賺的血汗錢一股腦兒投入
到一個注定會賠本的生意中去。因此，格雷澤不會希望曼聯垮臺。在投入了8億英鎊資金
後，只有俱樂部越成功，他才越有錢可賺。
可是，另外一方面，你無論如何撥拉算盤，都百思不得其解：格雷澤如何才能夠妙筆
生花還清貸款？因為從曼聯的財務報表可以看出，紅魔每年的利潤不過在2000萬英鎊之間
，而格雷澤5.4億「超級房貸」，每年僅利息一項就需4000萬到5000萬英鎊來填窟窿，更
別說還本金了。而這樣高的債務，正好撞在了歐足聯俱樂部執照計劃的槍口下，曼聯甚至
未來參加冠軍杯都會有資格問題。
像在海盜隊那樣提高門票價格肯定是不行的了，先別說這會觸怒已經僵化的球迷關係
，而且從現實來說下賽季的球票銷售漲價計劃已出台，很多季票已銷售，格雷澤頂多也只
能提高一些包廂票價，但那對於這筆債務來說簡直是杯水車薪。
更改球場冠名權？有反曼聯的球迷在網上落井下石：「我們以後或許會看到『老麥當
勞福德』球場？或者『沃達豐谷』？然後就在一個看臺裝飾一個仿真海盜船，配備滿舷火
炮？」但這樣，又能刮到多少金子？
從亞洲和北美球迷那裡收錢？這一點格雷澤雖然是老手，但別忘了：曼聯雖然號稱全
球5000萬球迷，但每年營收中只有10%來自英國本土之外。
從目前來看，最為現實的無疑是從電視轉播費入手。英超目前是20傢俱樂部集體談合
同，這導致了曼聯這樣收視率很高的俱樂部，在電視轉播費收益方面被小俱樂部分肥。但
這也有難度：和天空電視台的合同要到2007年才能到期，如何才能打破現有合同？即使合
同到期，按照英超章程，也需要20傢俱樂部的2／3多數同意，才能打破集體談判的現有模
式。而紐卡斯爾主席謝潑德認為，要讓英超其它球隊支持電視廣告個體談判，就像「讓火
雞投票支持感恩節」一樣困難。
當然，格雷澤可以通過法庭上訴來解決這個問題，從而給早就對英超轉播合同集體談
判不滿的歐盟委員會創造介入空間。但無論如何，那也是曠日持久的鬥爭，兩年內不會在
這個方面有實質性進展。
格雷澤有句名言：「賭博者最後總是死於破產。」仔細幫他算了一筆賬後，我們疑惑
了：難道他要死在自己的格言之下？
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作者: Fergie (弗Sir) 看板: ManUtd
標題: Re: [唉~] Glazer 'gains 75% Man Utd stake'
時間: Mon May 16 20:17:25 2005
美國大亨收購曼聯股份超過75% 紅魔帝國易幟
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http://sports.sina.com.cn 2005年05月16日18:38 新浪體育
新浪體育訊
北京時間5月16日曼徹斯特消息。倫敦股市週一開盤，美國商人格雷澤手中掌控的曼
聯股份已經超過75%。也就是說，成立於1878年的曼聯已經徹底淪為格雷澤的私有財產。
據悉，格雷澤此次收購行動總共花費7億9000萬英鎊(10.47億美金)。
在得到了75%的股份以後，格雷澤已可以將本是股份制公司的曼聯從倫敦證券市場的
交易名單上抹去，同時，他已經可以根據自己的喜好宣佈俱樂部的任何計劃，不需要任何
其 他股東的批准。
現在有一點依然不清楚，格雷澤是否有興趣繼續他的收購，將自己持有的股份從75%
上升到90%，如果達到這個數字意味著他可以把曼聯其他持有股份的小股東驅逐出董事會。
在上週四，格雷澤宣佈自己從曼聯俱樂部的兩名最大股東，兩名愛爾蘭賽馬大亨馬格
涅爾和麥克馬努斯手裡得到28.7%的股份，從而使自己手中的股份達到了56.9%，隨後格雷
澤趁熱打鐵，通過股票市場和其他手段不斷吸納股份，並最終到星期一達到了75%。
英國《標準晚報》曾形容，週一對曼聯來說如同審判日，如今格雷澤終於來了，紅魔
球迷需要面對這樣的現實，一個他們認為不懂足球的外行，一個負債三億以上收購曼聯的
「揚基佬」卻坐到了老闆的辦公室裡。
曼聯一些球迷曾號召要以超過格雷澤提供的每股300便士的價格收購股票抵制格雷澤
爾，但他們的資本無法和美國人相比。分析師認為，格雷澤成功控股75%的情況下，其他
人已經無能為力。
英國足壇的旗幟，無比輝煌的紅魔帝國在格雷澤的不斷猛攻下終於「淪陷」，格雷澤
已經表態，自己要挽留弗格森，保持曼聯隊的完整性，他表示，自己會每年拿出2000萬英
鎊來幫助弗格森購買球員，同時通過轉讓老特拉福德球場的冠名，單獨出售電視轉播等方
案為俱樂部光進財源，不過如何彌補自己收購曼聯欠下的3億英鎊，將是他需要面對的第
一難題。
等待曼聯的，是一個未知的命運。
(PIPPO)