Featured Matches
Previous
Arsenal
Besiktas
0
0
LIVE 31'
Leg 2Aggregate: 0 - 0
Game Details
Athletic Bilbao
Napoli
0
0
ESPNDeportes LIVE 0'
Leg 2Aggregate: 0 - 0
Game Details
Bayer Leverkusen
FC Copenhagen
2
0
ESPN3 LIVE 30'
Leg 2Aggregate: 5 - 2
Game Details
Aston Villa
Leyton Orient
0
0
LIVE 30'
Game Details
Birmingham City
Sunderland
0
0
LIVE 30'
Game Details
Stoke City
Portsmouth
1
0
LIVE 31'
Game Details
Burton Albion
Queens Park Rangers
0
0
LIVE 31'
Game Details
Arsenal
Besiktas
0
0
LIVE 31'
Leg 2Aggregate: 0 - 0
Game Details
Athletic Bilbao
Napoli
0
0
ESPNDeportes LIVE 0'
Leg 2Aggregate: 0 - 0
Game Details
Bayer Leverkusen
FC Copenhagen
2
0
ESPN3 LIVE 30'
Leg 2Aggregate: 5 - 2
Game Details
Ludogorets Razgrad
Steaua Bucuresti
0
0
ESPN3 LIVE 3'
Leg 2Aggregate: 0 - 1
Game Details
Malmo FF
SV Salzburg
2
0
ESPN3 LIVE 19'
Leg 2Aggregate: 3 - 2
Game Details
Aston Villa
Leyton Orient
0
0
LIVE 30'
Game Details
Birmingham City
Sunderland
0
0
LIVE 30'
Game Details
Bradford City
Leeds United
0
0
LIVE 24'
Game Details
Burton Albion
Queens Park Rangers
0
0
LIVE 31'
Game Details
Stoke City
Portsmouth
1
0
LIVE 31'
Game Details
Los Angeles Galaxy
DC United
2:30 AM GMT
Game Details
León
Herediano
12:00 AM GMT
Game Details
Municipal
Pachuca
2:00 AM GMT
Game Details
Cobresal
General Díaz
9:00 PM GMT
Leg 2Aggregate: 1 - 2
Game Details
Independiente del Valle
Trujillanos
9:00 PM GMT
Leg 2Aggregate: 0 - 0
Game Details
Libertad
Nacional Potosí
11:30 PM GMT
Leg 2Aggregate: 0 - 1
Game Details
River Plate
Universidad Católica
11:30 PM GMT
Leg 2Aggregate: 1 - 0
Game Details
Internacional
Bahia
1:00 AM GMT
Leg 1
Game Details
Atlético Nacional
Deportivo La Guaira
2:00 AM GMT
Leg 2Aggregate: 0 - 0
Game Details
Alianza Lima
Barcelona
2:00 AM GMT
Leg 2Aggregate: 0 - 3
Game Details
Atletico Rafaela
Newell's Old Boys
8:00 PM GMT
Game Details
Rosario Central
Godoy Cruz de Mendoza
8:00 PM GMT
Game Details
River Plate
Defensa y Justicia
10:15 PM GMT
Game Details
Estudiantes La Plata
Boca Juniors
12:30 AM GMT
Game Details
Irapuato
U.A.N.L
12:00 AM GMT
Game Details
Morelia
Celaya
ESPNDeportes 12:00 AM GMT
Game Details
Oaxaca
Chiapas
12:00 AM GMT
Game Details
Atlas
Mineros de Zacatecas
2:00 AM GMT
Game Details
Correcaminos
Santos
2:00 AM GMT
Game Details
UNAM
Mérida
2:00 AM GMT
Game Details
Zacatepec
Guadalajara
ESPNDeportes 2:00 AM GMT
Game Details
América RN
Atletico Paranaense
10:30 PM GMT
Leg 1
Game Details
Cruzeiro
Santa Rita
10:30 PM GMT
Leg 1
Game Details
Botafogo
Ceará
1:00 AM GMT
Leg 1
Game Details
Bragantino
Corinthians
1:00 AM GMT
Leg 1
Game Details
Coritiba FBC
Flamengo
1:00 AM GMT
Leg 1
Game Details
Palmeiras
Atlético MG
1:00 AM GMT
Leg 1
Game Details
LDU Quito
Deportivo Quito
12:15 AM GMT
Game Details
FC Seoul
Pohang Steelers
0
0
FT-Pens
Leg 2Aggregate: 0 - 0FC Seoul win 3-0 on penalties
Game Details
Guangzhou Evergrande
Western Sydney Wanderers
2
1
FT
Leg 2Aggregate: 2 - 2
Game Details
Amazulu
Bloem Celtic
0
2
LIVE 89'
Game Details
Mamelodi Sundowns
Orlando Pirates
0
2
LIVE 68'
Game Details
Pretoria Univ
Free State Stars
0
1
LIVE 89'
Game Details
Silver Stars
Kaizer Chiefs
0
2
LIVE 85'
Game Details
SuperSport United
Mpumalanga Black Aces
0
2
LIVE 86'
Game Details
Saprissa
Santos
Postp
Game Details
Carmelita
Club Sport Uruguay
9:00 PM GMT
Game Details
Cartagines
Perez Zeledon
Postp
Game Details
Antigua
Marquense
9:15 PM GMT
Game Details
Petapa
Coatepeque
2:00 AM GMT
Game Details
Vida
Marathon
1:00 AM GMT
Game Details
Next

Serie A season preview: AS Roma

AS Roma about an hour ago
Read

Everton add cover for Lukaku in Eto'o

Everton about an hour ago
Read
Oct 9, 2011

United eye share potential

Manchester United chief executive David Gill has spoken for the first time about the "potential" in floating shares on the Singapore Stock Exchange with the Glazers seemingly now valuing the club at a staggering £2.57 billion.

• United top Forbes rich list at £1.65bn
• United post record operating profits
• Supporters urge Glazers to clear debt
• Singapore floatation edges closer

The Glazers paid £790 million to buy Manchester United - although the final bill amounted to £850 million including the legal and advisory costs - and they recently rejected offers of £1.5 billion from China and Qatar as, it is now clear, they fell well short of their valuation.

The Glazers are seemingly planning to float 25% of Manchester United on the Singapore Stock Exchange at a value of $1 billion (£643 million), which would value Manchester United at £2.57 billion. If the shares are sold, they could carry voting powers of only 12%, which would fall well below the 25% threshold that allows shareholders to contest decision-making.

"It's a potential," Gill told the Sunday Telegraph. "I think the finances of the club are in robust health in terms of the bond interest against the EBITDA [earnings before interest, taxes, depreciation, and amortization] that we do have, so in that respect I am not concerned.

"But it was an opportunity, and is a potential opportunity, to strengthen them even further. If the proceeds were by and large used to pay down the bond debt then that would take some of the interest costs out."

The Glazers' advisory team - including Morgan Stanley, JP Morgan, and Credit Suisse - will inform the owners when the time is right to press ahead with the plans and, given the parlous state of the global economy at present, it appears they will have to wait.

"It is not officially on hold but the owners will be taking appropriate advice from the advisors and determining what the markets are telling us," Gill added. "But I don't think it's the level of the market - it is the sheer volatility. That's the challenge."

Although United recently posted an operating profit of £110.9 million for the past financial year, paying down the bond debt would free up greater funds for investment into the squad. Gill, though, denies Sir Alex Ferguson has been significantly hindered.

"It [the debt] hasn't been a problem," Gill, who was in Senegal to support a UNICEF initiative, said. "There have been a lot of comments and a lot of criticism. On the one hand, you argue clearly our interest costs have gone up now as a limited company, but it is not 45 to 0 because as a listed company we had corporation tax payments, we had dividend payments.

"The owners have never been anything other than 100% supportive on delivering to Alex or me the players we need to keep ourselves going, but people don't believe us.

"If you look at it, we are spending £13 million revamping Carrington [the training ground] and we have just completed this summer at Old Trafford our box redevelopment. There has never been any money that we have needed to develop the club that hasn't come forward."

• Harry Harris' new book, 19: The Remarkable Story of United's League Championship Record, is available now.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.