Sources of Finance - ManUtd Look to Change their Formation
Perhaps not the best day to recommend a resource about Manchester United (after they were humbled by the mighty Leeds United), but this piece in the Times is excellent for more advanced students considering issues such as high gearing and the appropriateness of bank debt. The complex structure of the original deal to purchase the Club has left the Glazer family with a bit of a headache. The business is said to owe about £700m to banks, financial institutions and hedge funds - with some of the interest due not having been paid. So Man Utd are said to be looking at a bond issue as a way of replacing expensive debt with cheaper debt. The impact of high gearing is illustrated by the proportion of operating profits which are used to finance interest payments currently.
T2U and the Theatre of Dreams
Terrific news from Michelle that Manchester United have asked tutor2u to develop some Business Studies materials based on the club. The work will follow in the footsteps of our business management game (The Hot Seat) and our Business of Football tour for Chelsea FC. Looks like Michelle is going to have to brush up on her knowledge of Premier League football one more time… 
Video case study - football shirt sponsorship under pressure
A cracking good video report on the challenges faced by football clubs who look to generate revenue from allowing firms to sponsor their shirts…
read more...»AIG ends Manchester United sponsorship deal
What are your personal experiences of the credit crunch? For a while, most of us have remained unaffected and watched the stories unfolding without much of a sense of involvement.
That’s all beginning to change now. You don’t have to be selling a house or running a business to notice how things are getting tough. I hope you aren’t affected by unemployment yet or live in a place where the High Street is sprouting lots of empty shop units.
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