Will Ferguson’s retirement affect United’s finances?

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As the news about Sir Alex Ferguson’s retirement continues to reverberate around the globe, one area many will be looking at is the stock market.

With Manchester United registered on the New York Stock Exchange, the club was obligated to inform the NYSE about Ferguson’s decision to retire, which ultimately led to the news being leaked earlier than the club expected.

The news was actually announced while US markets were closed, but when trading began in New York this morning the club’s shares fell as much as 4.5%.

Since the Glazer family bought United in a controversial deal back in 2005, the debt laden club have soared to success commercially. The value of the Manchester United brand is approximately $3.17 billion. They should survive, with or without Ferguson.

(More: Ferguson retires, who will take his place at Manchester United?)

However recently there has been a concerted effort by the Glazers to drive down debt, with a bond issue in 2010 raising £500m, and a 10% flotation of the club on the New York Stock Exchange raising some £150m, half of that has gone towards reducing debt.

But with Ferguson on the way out and investors watching intently as to who will replace him, should Manchester United fans worry about future financial problems?

Yes and no. On the plus side, when you scroll through Manchester United’s website no fewer than 33 different sponsors appear and commercial revenue is through the roof.

United recently posted their financial results in sales for the third quarter, a record £91.7m ($143m) was generated through sponsorship deals and Champions League revenue. The clubs debt now stands at $571 million, a lot healthier than the $1.11 billion that rose to in 2009.

(More: Stability key to Ferguson’s success at Old Trafford)

But all those numbers don’t mean much, unless you have a winning team.

The Manchester United brand means winning. It has been associated with that since the early 90s, growing up in England during that time period, it seemed like you couldn’t walk down any High Street in the country without the famous “Glory, glory Man United” song blaring out, a Cantona No. 7 shirt being worn and just about every piece of merchandise you can think of adorning their Red Devil mascot.

Fred the Red, as he’s known, gets everywhere.

Sir Alex Ferguson was the main man behind all the on-field success that drove the financial success. Now he is gone, a replacement who can carry on his work seamlessly and without much upheaval is paramount to United’s success as a soccer team, and as a business. Jose Mourinho would ease concerns for United’s financial backers, while David Moyes in charge could send share prices into a spin, as investors panic about the Scotsman’s lack of experience on Europe’s biggest stage.

(More: Moyes to replace Ferguson in next few days?)

We can’t judge United’s commercial success over the next few years. But in 2022 we may look back and point to May 8, 2013, as the day the Manchester United brand started to go downhill.

But with Ferguson’s new role as both a director and ambassador for the club, that’s unlikely to happen. He helped build this club up, almost doubling the capacity of Old Trafford and spreading the club from the red half of Manchester to the far flung corners of the globe.

One final number. In the 1992-93 season Manchester United’s revenue was £25.2 million. During the 2011-12 season, it stood at  £320.3 million. Safe to say that Ferguson has left United in a much better position than when he arrived at Old Trafford in 1986.

Now it’s up to the new guy to carry on his good work.

Steven Gerrard didn’t want any part of Coutinho in training

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Steven Gerrard has issued some fairly hilarious comments regarding former Liverpool teammate Philippe Coutinho.

The Premier League legend admits there were days in training that the sight of the Brazilian wizard on the other side of the pitch made him lash out.

[ MORE: Palace fans must be patient ]

It seems Gerrard wanted nothing to do with marking Coutinho in small-sided games, and the idea of “Stevie G” spouting off in frustration when Brendan Rodgers posted Coutinho across from him is a wonderful mental picture.

From The Liverpool Echo:

“He’s impossible to defend against,” Gerrard told BT Sport after Saturday’s game.

“I mean when I used to train against him, I’d hate it if I was on the opposite five-a-side team. I wouldn’t go near him. And sometimes I’d say to him: ‘Keep away from me! He can embarrass you [as a defender]. He can stand you up, he can both ways, he’s got such a low centre of gravity. He’s sharp, he’s quick and he’s two or three steps ahead of defenders. He’s so, so clever.”

Again, the vision of Gerrard throwing his hands up with a “Nope, not having this today” is amazing. Even if exaggerated, we love it. We picture that old meme with the office worked tossing papers through the air.

Patience with Hodgson required by Palace

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Crystal Palace boss Roy Hodgson is 0-2 in his new gig and the light at the end of the tunnel isn’t exactly within touching distance.

The latest defeat is a 5-0 blowout at Manchester City, and the immediate road ahead is sobering: at Manchester United and home to Chelsea. Following a trip to Newcastle, who is in form, the Eagles have matches vs. West Ham, at Spurs, and versus Everton.

[ MORE: Premier League Sat. roundup ]

Palace is 0-6 overall and the first team in the history of the Premier League to go goalless through its first six matches.

Palace fired Frank De Boer after four league matches and a summer in which the club failed to add much to its squad.

And Hodgson is feeling his way through the dark. Perhaps the most difficult aspect of this is the timing of Palace’s change.

From the BBC:

“I am learning about the team all the time and they are learning,” said Hodgson.

“Our focus has to be in May. By the latter part of the season the players must know what we are looking for. They should feel stronger by then.”

To be shooting for May has to be overwhelming for the Selhurst Park faithful but may indicate their most reasonable promise of life in the Premier League.

Palace fans cannot afford to get caught up in how Sam Allardyce saved them a year ago, because his turnaround coincided with the Eagles’ purchases of Luka MilivojevicMamadou Sakho, and Patrick Van Aanholt. An influx of talent does not save a season alone, but we’re fairly sure Alan Pardew would’ve relished the chance to work with two new backs and a stabilizing center midfielder.

Remember that Allardyce then retired, which says something given his willingness to bask in any light in which he can claim a modicum of credit.

So Hodgson, known for his relentless training methods, needs to be given his time. Palace will likely have at-most one point after the next two PL matches, and they may have not scored yet. History can be daunting, but supporters need to exhale and realize the road ahead is long.

Kenya loses hosting rights to 2018 African Nations Championship

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ACCRA, Ghana (AP) Kenya has been stripped of the right to host the 2018 African Nations Championship.

The Confederation of Africa Football cited “accumulated delays” in Kenya’s preparations for the tournament, which is the continental championship for players playing in their home leagues.

[ MORE: Premier League Sat. roundup ]

CAF made the decision to take the tournament away from Kenya at an executive committee meeting in Accra, Ghana, on Saturday and opened the bidding process for a new host on Sunday. CAF says applications must be received by next Sunday and the new host will be announced in just over two weeks.

The African Nations Championship is scheduled to be played from Jan. 12-Feb. 4.

Kenya’s preparations for the 16-team tournament were already troubled before August when its presidential elections were nullified and a re-vote was ordered. That re-vote is scheduled for next month, and the political instability has meant preparations for the soccer tournament have been undermined.

CAF also says it is opening a tender process to recruit an audit firm to examine Cameroon’s preparations for the 2019 African Cup of Nations, Africa’s top soccer event.

Like Kenya, Cameroon’s readiness to host the Cup of Nations has been under scrutiny. CAF says it needs to examine the state of Cameroon’s “infrastructure to host the tournament,” with the 2019 Cup of Nations the first to be expanded from 16 to 24 teams.

MLS Snapshot: Red-hot RSL end Sounders’ unbeaten run at 13

Photo credit: Real Salt Lake / @RealSaltLake
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The game in 100 words (or less): With the Seattle Sounders’ 13-game unbeaten run now a thing of the past (and the final four of those games all draws), Real Salt Lake (two losses in their last two, including wins in four of their last five) might just be the hottest team in MLS not named Atlanta United (just one loss in their last 12, including wins in three of their last four; combined score: 17-3). Furthermore, Saturday’s 2-0 victory over Seattle at Rio Tinto Stadium boosts RSL into fifth place in the Western Conference, two points clear of the San Jose Earthquakes and Houston Dynamo, as Mike Petke’s side makes this year’s improbable, late charge toward the MLS Cup Playoffs, in much the same fashion Brian Schmetzer’s Sounders did a year ago. Jefferson Savarino, who scored one and assisted one on Saturday, has proven himself a star on the rise in recent weeks, and has RSL playing their best soccer of the year at exactly the right time.

[ MORE: MLS weekend preview — ATL host MTL; RSL desperate vs. SEA ]

Three moments that mattered

52′ — Savarino slams home Rusnak’s pass for 1-0 — RSL have themselves an attacking trio (Savarino, Albert Rusnak and Brooks Lennon) that loves to play together, and that joy really shines brightly in moments like this.

66′ — Mulholland slams home from Savarino’s cross for 2-0 — Savarino turned provider just 15 minutes later, getting in behind Joevin Jones, corralling Joao Plata’s through ball, and picking out Mulholland atop the six-yard box.

92′ — Rimando makes a stunning save to deny Dempsey — Clint Dempsey tried to sneak a quick free kick past Nick Rimando, but the all-time greatest goalkeeper in MLS history was over it.

[ FOLLOW: All of PST’s MLS coverageStandings | Stats | Schedule ]

Man of the match: Jefferson Savarino

Goalscorers: Savarino (52′), Mulholland (66′)