Contact Us

Manchester United Stock Misfires For Glazers

Getty Images

An interesting trend is developing internationally as a number of American sports owners are trying their hand in the ownership of international soccer teams. The Fenway Sports Group has their fingerprints on Liverpool, Denver Nuggets owner Stan Kroenke has a stake in Arsenal, and the Glazer family (owners of the Tampa Bay Buccaneers) own Manchester United.

This has led to a tension filled dynamic between owner and fans, with many fans accusing ownership of these clubs of not knowing how to build a team and just being in it for the money.

The Glazers have done nothing to disprove that sentiment, failing to spend enough money on Manchester United to keep them at the level their fans have come to expect. They also released an IPO on the New York Stock Exchange two weeks ago, a stock which has failed thus far, down $0.58 in that time frame.

Purchasing the stock wouldn’t pay in the way of dividends and buying every share available for purchase would only give you a 2% share in the team, but anyone who buys it knows it is the same as buying stock in the Green Bay Packers in that it’s just another way to show you are a fan.

However, despite a worldwide following, the stock has failed so far, despite being held at its opening price of $14.00 after its first week by its underwriters Jefferies Group Inc, much to the dismay of the Glazers, who were hoping to use the money to wipe out the remainder of the debt they incurred by purchasing the club.

It makes sense, as you are essentially donating money to the team by purchasing the stock. You don’t get tickets, you don’t get team gear. It’s more or less a really terrible Manchester United fan club. This latest profiteering attempt by the Glazers is not off to a good start.

Would you buy stock in your favorite team so they had more money to work with? Leave your thoughts in the comments section below.

More from 104.5 The Team

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://1045theteam.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 104.5 The Team ESPN Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on 104.5 The Team ESPN Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!