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Glazers won't consider Manchester United sale despite £3bn valuation

Old Trafford 2

Numerous new deals see revenue stream skyrocket...

Increased commercial ventures rather than on-pitch successes are to thank for Manchester United's £363.2m revenue figures of June, earlier this year, a number which represents a 13.4% rise.

According to a report published by Independent, sponsorship deals with the likes of Chevrolet (who will adorn their logo on United's iconic kit next season) have been pivotal in seeing 'commercial activities rise by 30 per cent in the past year'.

Commerce now accounts for 42% of the club's total revenue; an astonishing amount when one fathoms the amount top clubs earn through broadcasting deals and gate receipts.

Deloitte ranked United second in it's most recent update of the world's richest and biggest football clubs, with a valuation of £1.97bn (over $3bn), however, the club's owners believe the true valuation to be far greater.

The Sunday Express claim the Glazer family regard the 12 sponsorship and partnership deals negotiated this year, one of which being a highly profitable one with Nike worth £1bn by itself, to have pushed the true valuation to a record-breaking £3bn mark, an appraisement that would see them far surpass world-leader Real Madrid's £2.06bn Deloitte valuation.

Despite that purported figure, the Americans have no intention of selling, even though it would earn the Glazer family a profit of almost 400%. The Daily Express highlight interest from Qatar, with potential bids believed to be around the £1.5bn mark, however, these fall far below a: the Deloitte valuation of the club and b: the Glazer's estimations of United's total worth.

The latest news comes just days after speculation of share sales. On a midweek conference call to investors, executive vice-chairman Ed Woodward said: 'We are always discussing the market and keep our finger on the pulse, looking at what products might make sense but we have the step down on the coupon in February 2014 so it is probably unlikely before then.

'There are no plans around refinancing final piece,' he reinforced.

As well as Chevrolet, other sponsorship deals United have confirmed include Casillero del Diablo, Bwin, Aeroflot and Mister Potato. Official finance partners, meanwhile, are the Commercial Bank of Qatar and Emirates NBD Bank. Both of whom, spokespersons announced, 'will have the rights to produce Manchester United branded credit, debit and prepaid cards'.

image: © brostad

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