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Mike Ashley – The Billionaire Who Owns Newcastle United

When one talks about the richest English men, Mike Ashley is among the first few names that pop up in one’s mind. One of the smartest entrepreneurs in the world, Mike Ashley is the owner of the popular English football club, Newcastle United.

Ashley is looked at as an introvert who hardly makes public appearances or gives interviews. As per the latest issue of the Forbes magazine, he is the 12th richest man (worth £1.7 billion) in Britain. However, with his club’s, Newcastle United, tickets are once again selling like hot cakes, and he is expected to break into the Top 10 soon.

Ashley grew up in Buckinghamshire and studied at Burnham Grammar School. He married Linda, an economic graduate, in 1988 and has three children with her. However, the two quietly divorced in 2003. The divorce was a major blow to Ashley that changed his financial positions to a huge degree. The settlement, worth £50m, is still among the biggest settlements in the history of the United Kingdom.

Ashley is hardly seen in public, which is why not much is known about his private life. He used to make regular appearances in Newcastle matches when Kevin Keegan was a part of the club. However, since his departure, Ashley is rarely seen attending the matches either.

He is known as a man with a lot of integrity. Some like to call him the whistleblower due to his role in the 2000s industry rival case. He handed evidence to the Office of Fair Trading and played a major role in improving the industry situation that was going out of hands.

This move brought him in the limelight and people started taking notice of his every action. However, one move that caught the most attention was his decision to buy 41.6% stake in Newcastle United in 2007.  He bought the shares from Sir John Hall for one pound each under his company, St. James Holding Limited’s, name.

He was later offered by the club to buy more shares, which he ultimately did when Freddy Shepherd sold his 28% shares to him on 7th June, 2007. By mid 2007, Ashley owned over 75% of the club’s shares, which give him the right to withdraw the company from public trading.

With this move, it was cleared that he was interesting in owning the club, which he ultimately did by paying a total of £134 million within a few months of withdrawing the club from the SE.

He was both praised and criticized for the move when he announced that he was not well aware of the club’s debts when he bought it. However, his involvement proved to be very good for the club as he cleared the club’s liabilities, which allowed the club to grow once again and achieve its long-lost status.

Ashley has stated on several occasions that he is willing to sell the club if he can find a competent seller. He had even put the club on sale in 2008 for a short period of time. Many people believe that he does not enjoy owning the club mainly because he does not have an understanding of the game. He has been criticized on several occasions for moves, such as selling Andy Carroll to rival clubs.

However, Ashley has full support of fans who love his way of handling things. It is clear that Newcastle United is recovering gradually and is aiming towards the top again. Ashley, who is more of a fan of his club, is often seen partying with fans and enjoying the match in the stadium or bars. All these qualities make him one of the most loved club owners.

If you are also Ashley or Newcastle United’s fan then you can get tickets from http://www.onlineticketexpress.com/sports/football/newcastle-united-tickets to watch the team live in action.

 
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Posted by on October 22, 2012 in Uncategorized

 

Manchester United Ownership: From Glazer to Glazer

The Manchester United Football Club has seen it all – ownership changes, bankruptcy, name changes, peak, and downfall. The club has always passed the test of time and is today among the richest, most loved, and prestigious football clubs.

The MU club entered the stock market in 1990s. At that time there was a major power struggle between the manager, Alex Furgeson, and his horse-racing partners, J.P. McManus and John Magnier, who had become the club’s major stock holders.

The situation required directors to intervene and approach more investors so that MacManus and Magnier’s share could be reduced. This is when the Glazer family, which still owns the club, came into the picture.

Avram Glazer was looking for investment in the UK at that time period. He looked at MU as a good option and purchased the family’s first tranche of MU on 2 March, 2003 for around £9 million on a 2.9% stake.

Glazer family took more interest in the club as it saw a lot of potential in it. It slowly started increasing its investment by buying more shares. Glazer’s shares finally reached 3.17%, which required an immediate action from the board as the club was already facing the danger of a takeover.

However, Glazer continued to buy more shares clearing his intention. By December of the same year, he owned around 15% shares of the club. He also met the club’s chief executive, David Gill, to discuss his intention with him. Things started to get clearer when rumors of Glazer interrogating about a possible takeover became public.

By October 2004, he owned 30% shares, a threshold that required him to formally announce a takeover bid. Glazer continued to take interest in the club by buying shares from other major share holders, such as McManus and Magnier.

2005 saw a major change as Glazer successfully got 75% shares, allowing him to delist the club from the London Stock Exchange. Glazer continued to buy more shares reaching a 98% that gave him the ownership status and full control over the club. This also caused a compulsory buyout of all the remaining shares, making Glazer the only owner of the club.

Following the takeover, the club continued to thrive. Glazer continued to work hard and lead the club to the path of success. After this phase, the club won some major competitions and also signed a lucrative sponsorship deal with AIG.

As everything improved, so did the ticket sales. Manchester United FC tickets started selling like hot cakes resulting in a huge increase in the club’s revenue. Glazer family’s other members, Kevin, Edward, and Darcie also got appointed as non-executive directors in 2006, making it clear that the Glazer family had full control over the club.

However, regarding ownership, there was also a major issue of the loan that the Glazer family had taken to finance the club. The loan that was taken against the club’s assets was divided between the club and the family. In 2011, there were rumors of the family having to sell its share to payback a PIK loan, as the official statement announced that none of the club’s assets were used to do so.

All the changes resulted in several hate clubs too with “Love United Hate Glazer” becoming a famous slogan of fans who loved the club, but wanted different owners to run it. Rumors are that a club called “Red Knights” is planning to overtake the club by pooling in billions of dollars from the supporters. People are waiting breathlessly to see what the future holds for MU, which without a doubt is a hot club.

Nevertheless, those who wish to enjoy their time watching their favorite players bring their best can still buy tickets from http://www.onlineticketexpress.com/sports/football/manchester-united-tickets.

 

The Man Who Owns Chelsea, Roman Abramovich

People know Roman Abramovich as one of the richest persons in the world. As per stats he is the 9th richest person in Russia and the 68th richest person in the world. His total wealth is estimated to be around US $12 billion.

Abramovich is a business tycoon whom no one thought would be that big one day. Orphaned at a very young age, he was brought up by his uncles and was never among the brightest students at school.

Not much is known about his education and he is considered to be one of the most contentious personalities. Famous as the Chelsea F.C. owner, he in his autobiography mentioned that he is a law school graduate; however, rumors seem to deny it.

In Russia, he is famous for his handling of the business. The man used his great tactics and strategies to control the Russian markets. However, all this is very controversial as he has a history of wrongdoing and has also been arrested on several occasions.

Some of his most famous scandals include the 1992 case when he was arrested for theft of government property. He was blamed of stealing oil by changing the agreements and using his influences. The man co-operated with the authorities, which result in the charges getting dropped.  The situation was solved when the aggrieved party got compensated for the loss suffered.

Other infamous incidents include his bribe and law violating stories. On several occasions, he has been caught giving bribe to officials to get his work done. Bribery, an illegal act, has got him in trouble several times. Another example of him breaking the rules is his company overcharging customers for coking coal. This falls under the monopoly rules.

He has a strong team of lawyers who are always ready to help him when he gets in legal trouble; however, his rendezvous with such activities isn’t going down.

He is not only rich and influential, but is also among some of the most notorious personalities. The man who on several occasions has proven that nothing can take him down is famously known as the big mouthed Chelsea football club owner.

He became the Chelsea owner in 2003, shocking fans and the world. The club post the change took a different turn and moved towards global fame and prosperity.

With his decisions, Abramovich proved why he is considered a genius. The changes he brought turned out to be really good as the Chelsea tickets sales increased and so did the ranking. He also announced plans of introducing state-of-the-art training club to produce new talent who can take over from those who were at the twilight of their career.

If you also are a fan of Chelsea and want to watch the team perform live, then you can buy here Chelsea tickets http://www.onlineticketexpress.com/sports/football/chelsea-tickets.

Now, that Chelsea has the finances, it is on a roll. Recently, it hired one of the most expensive players, Fernando Torres, for a free rumored to be close to £50 million. Under his ownership the club has only grown and won the Champions League last year.

The fact that Abramovich is controversial cannot be denied, but at the same time the genius in him is hard to neglect too. He has proven himself to the world as a trustworthy owner who knows how to take the right decisions.

 
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Posted by on July 16, 2012 in Uncategorized

 

Liverpool Club Owner-1 Review

Another victim has been added to the list of people claimed by the Liverpool football club owner. Fenway Sports Group fired Kenny Dalglish in May this year. It was a shocking and unexpected development that attracted a lot of attention. Likewise Damien Comolli the director of football and Peter Brukner the head of medicine and sport science were also fired earlier this year.

Kenny Dalglish has departed suddenly at a press conference, without making anything obvious. His colleagues were shocked when they came to learn about the unfortunate unfolding of events. They all expressed their concerns about the unexpected scenario. However, Liverpool tickets are still being sold. Fans are still looking forward to the next match.

The reason for his sudden exit from the club remains unclear. It does seem however that his being fired was a price he paid for the anticipated damage to the club’s reputation. Kenny Dalglish was not able to handle the race row (Luis Suarez-Patrice Evra) this season.

Recently the FSG seems to have gotten a little ruthless. However, a lot of morale-boosting has been going on after Kenny Dalglish’s departure. We are yet to see if chanting the name of their manager helps the players. Besides, the big question we need answers to whether the FGS is listening to these chants. What is the FGS going to do about it?

It is quite obvious that Liverpool has fallen back this season, whatever the reason may be. The FGS will have to seek answers for the under-achievements so far. What is the source of the problem? Will the problem be rectifiable even if the reason for demoralization is found? There are lots of speculations about what fans should expect to see this season.

The last thing the FGS needs right now is an upheaval from the players. Giving Kenny Dalglish a new contract for three years doesn’t seem to be the right choice at the moment. The risk with this is that he might get more time to build a future with his own choice of players (that are bought). Even though they will have potential he will need 12 months to get the players back on the path to success.

It is better in the interest of FSG to examine the problem at hand rather than playing the blame game. This leads us the big question: “Who is Kenny Dalglish’s replacement and where is he?”

Damien Comolli (the director of football) was fired three days before the match against Everton. The FA Cup semi-final was one of the most important events of the season and Comolli’s getting fired just then came as a huge blow. This led to the need to find a replacement within the shortest time. The decision was taken instantly to ensure that the replacement can adjust in good time.

Even after a month, the post still remains unfilled. At the same time, we cannot ignore the most disturbing fact. It’s been nineteen months since the takeover. There still is no significant sign that the stadium that the Reds need will be arranged anytime soon. Without this the Reds cannot compete with their rivals financially.

Besides all this, it is yet another fact that a pitch is not the only thing needed to improve the state of the team. The team has talent, and has proved time and time again that despite all these challenges they are winners.

You can get Liverpool tickets at http://www.onlineticketexpress.com/liverpool_tickets

 
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Posted by on July 3, 2012 in Uncategorized

 

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Malcolm Glazer: The Controversial Owner of Manchester United FC

Malcolm Irving Glazer is an American businessman and the owner of the Football Club Manchester United. He is also the president and chief executive officer of First Allied Corporation and owns Tampa Bay Buccaneers, a National Football League team in Tampa, Florida.

Glazer belongs to a Jewish family and is fifth among seven siblings. He inherited his father’s jewelry business and at that time he had just $300. He started to expand his business by buying mobile homes in 1970 in Florida. He then became the president of First Allied Corporation, a company in US. Glazer’s first attempt at a corporate takeover was in 1984, when he failed to buy a bankrupt freight rail company for a bid of $7.6 billion. After two more consecutive failures in buying a corporation, he finally succeeded to buy a bankrupt company name Zapata formerly owned by George H. W. Bush.

Malcolm Glazer, due to his interest in sports purchased the Tampa Bay Buccaneers, a National Football League franchise for a record $192 million after the death of Hugh Culverhouse, the former owner.  For the first several years, the Buccaneers experienced improved success on the field during Glazer’s ownership before going through a decade of continuous losing seasons. Bucs won the first Super Bowl in 2002 under Coach Jon Gruden. But when Glazer purchased Manchester United FC in 2003 all his funds and concentration diverted towards it and the Bucs went into a TV blackout. The blackout streak continued into 2011.

Between 2003 and 2005, Glazer gradually bought out the shareholders in the English Premier League soccer team in a deal that valued the club at around $1.47 billion. The takeover was fiercely opposed by many fans of Manchester United, who organized themselves in the form of independent Manchester United Supporters, partly because the Glazer takeover saddled the club with a large debt and interest that comes with it.

Many of these fans got together to set up a new club called F.C. United of Manchester. The new protest club has had success which including three successive promotions in three years while attracting gates of well around 2,000 fans each week, with a record attendance of 6,023.Anti-Glazer songs and chants are still regularly heard at Manchester United and F.C. United games.

More support for the protest movement came from David Beckham when he put on a green and gold scarf which had been lying on the pitch. Although Beckham subsequently denied that his action had any significance, it was taken by many to indicate that he was in support of the anti-Glazer protest and was described as “an iconic moment” by the Manchester United Supporters Trust.In early 2011, Glazer refuted a rumor that he was going to sell Manchester United for a reported £1.6 billion to the Qatari royal family, stating that the club was not for sale at any price.

Malcolm Glazer now lives in Palm Beach, Florida. He is married to Linda and has five sons and one daughter. Three of them (Joel, Bryan and Edward), are vice-presidents in First Allied. He runs a wide-ranging business empire that includes shopping centers and nursing homes.

On April 16, 2006, Glazer suffered a stroke causing impaired speech and loss of mobility in his right arm and leg. After spending much of the intervening period in the hospital, Glazer suffered a second stroke in May 2006. Controversies might go on and on but the love of fans for Manchester United FC will make them buy more and more Manchester United FC tickets.

To buy a ticket online please visit:  http://www.onlineticketexpress.com/sports/football/manchester-united-tickets.

 

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Chelsea’s Owner Roman Abramovich wants Pep Guardiola as the New Chelsea Manager

After the sacking of Andre villas Boas, the hot question for everyone has been who will be the next manager of Chelsea?

There has been a lot of debate and experts have put forward their opinions about the ideal candidate. However, Roman Abramovich, the owner of Chelsea FC ended all speculations when he expressed his desired of singing the current manager of Barcelona.

The chances are extremely slim that Pep Guardiola will leave Barcelona but you never know in the world of football. Roman Abramovich is a headstrong person and he won’t back away so easily. He will continue his efforts to sign the manager of Barcelona till Guardiola himself signs a contract extension with Barcelona.

The current contract of Guardiola will expire at the end of June and he is currently talking about taking a year break from football. This will be seen as a positive sign for Abramovich who will try to convince Guardiola to join his team.

If we think about it, the most obvious choice for Abramovich seems Jose Mourinho. The special one knows the team and it was under him that the team truly thrived. However, in the battle of egos, the decision of Abramovich will be tantamount to admitting his mistake of sacking the Portuguese earlier. This may very well be the case as Chelsea really has been struggling ever since Jose Mourinho left and the Chelsea tickets sale has also declined. During the era of Mourinho, Chelsea fans used to rush to get their Chelsea FC Tickets to see their team at the top of their form. It was under him that the team thoroughly dominated the league for two straight years.

Perhaps, the reason that Abramovich is seeking Guardiola is to prove that Guardiola is the superior coach since Mourinho has struggled tremendously in their head-to-head matches against Barcelona. Furthermore, if Guardiola joins Chelsea and elevates it to a new level of success, this will overshadow the earlier achievements of Mourinho.

The most interesting part of this debate is that Guardiola himself has confessed to his friends that he finds the prospect of being a Premier League manager to be attractive. Guardiola speaks fluent English and is interested in living in England. He finds the political environment of Barcelona and the high expectations at Barcelona a strain and is currently considering taking a year off from football.

He is an adored personality in Barcelona and hence, there has been increased pressure on him to stay with the club. This leaves him in an extremely good position as he has substantial bargaining power. Even though, he may not go to Chelsea but he will use that in his favor to improve his position.

It will be interesting to see how things will go from here. The club of Chelsea is at a crucial stage as many of the senior players are ready to leave the club. There has also been doubt casted over the future of players like Frank Lampard and Ashley Cole. Chelsea is chasing a lot of players and all set to revamp its team. However, will it wait for a new manager before making the signings or will it go ahead with the signings anyway? This remains to be seen.

You can see Chelsea live in action by getting here their Chelsea tickets http://www.onlineticketexpress.com/sports/football/chelsea-tickets.

 
 

Arsenal Holdings plc

Arsenal FC is particularly different in their ownership structure from the other clubs of English Football. The club is owned by their parent company which is called Arsenal Holdings plc and the reason they are different from other clubs is the fact that only a few shares of the club exist and that too, are not traded frequently.

The parent company of the club of Arsenal, Arsenal Holdings plc, completely, owns 12 subsidiary companies.  They function is a unique way as they are a public limited company which is non-quoted. The club has only issued a total of 62,217 shares up till now and they too are not traded publicly on the stock exchanges. Rather, they are traded on a specialist market infrequently.

Another noteworthy aspect about the club is the fact that up until 2007, they were owned by two families only. The ownership has passed on through the generations of the Hill-Wood and Bracewell-Smith families but after 2007, the club has been able to attract considerable outside interest. The biggest acquirers of the shares of Arsenal have been two rival tycoons.

Perhaps, it is the rivalry of the two that has sparked off the trading of the shares of the club but this fact can’t be denied that the profitability of Arsenal has increased remarkably in recent times. This major reason for this increase in profitability is the remarkable increase in revenue from the sale of Arsenal Tickets.

Arsenal has been able to achieve this increase in ticket sales because of their new stadium. They moved to Emirates stadium in 2006 which has a seating capacity of around 60,000. This was a major improvement from their previous ground at Highbury, Arsenal Stadium, which had a seating capacity of around 38,000. This was a major improvement if you take in account that the seating capacity increased by a staggering amount of 57%. This clearly reflected in the sale of Arsenal Tickets which already had a huge potential of improvement, thanks to their large fan base.

As a result of the increase in profitability of Arsenal, it can be said that it became a hot investment.  The American tycoon, Stan Kroenke owns around 67% shares of the parent company of the club. On the other hand, his rival, Alisher Usmanov who is a Russian-Uzbek tycoon has around 29% ownership of the parent company of the club.

The coach of Arsenal, Arsene Wenger, has played an important part in the overall success of the club. He has been forced to handle the club on an increasingly limited budget especially because of their new stadium. This restricted him from making big signings and he had a difficult time to recuperate the team after the legends of Arsenal like Vieira, Bergkamp, Pires, Ljungberg, and Thierry Henry, either retired or moved away.

Arsene Wenger should be commended for the way he has developed the youth and worked with the players that he had to develop them into world class performers. The most notable name here will be that of their captain, Robin van Persie.

The young captain of Arsenal has led his team from the front and has been instrumental in their fight back after having a dismal start to the season. His scoring off 35 goals in 36 games in the year of 2011 sets him up as the top candidate for the footballer of the year.

Certainly, the sale of Arsenal Tickets have benefitted from stars like these. Also, the fans of Arsenal are regarded as one of the most loyal fans in the world as they have supported their team through thick and thin. Such ardent following translates into heavy revenues for the business tycoons and this is perhaps the biggest reason for their growing interest in the club.

 
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Posted by on January 18, 2012 in Uncategorized