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.

Spanish police dismantle match-fixing scheme in 3rd, 4th tiers

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MADRID (AP) Spanish police have dismantled a match-fixing scheme involving players and clubs in the country’s lower divisions.

Authorities said more than 20 people have been detained as part of the police operation launched on Monday, including players, although no names were immediately disclosed.

The matches under suspicion were in the third and fourth divisions this season and last season.

The match-fixing scheme reportedly involved Chinese betting sites.

The Spanish league said the operation was based on information collected by its analysts about suspicious activities.

UCL preview: Chelsea host Barcelona; Bayern vs. Besiktas

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  • Chelsea vs. Barcelona, at Stamford Bridge
  • Bayern Munich vs. Besiktas, at Allianz Arena
  • Champions League round of 16 resumes on Tuesday

[ UCL: Spurs fight back to draw Juventus | Liverpool thrash Porto in leg 1 ]

Chelsea, mired in some of their worst form since the disastrous 2015-16 season, welcome a Barcelona side enjoying one of the best six-month runs of results in the famed club’s entire history. The Blues have won just four of their last 12 games across all competitions, while the Blaugrana have lost once in 38 games.

On the plus side, Chelsea enter Tuesday’s colossal clash as winners of their last two games — back-to-back wins for the first time in 2018 — having outscored the likes of West Bromwich Albion and Hull City by a combined 7-0. Star striker Alvaro Morata returned to action against Hull after five weeks out with a back injury, thus Antonio Conte has something of a selection dilemma on his hands with the Spaniard perhaps only partially fit, and Olivier Giroud racking up a goal and three assists in the last two games, his first starts for the club.

Barcelona, meanwhile, have conceded just two goals in their last nine games (all competitions) and even managed to overturn their lone defeat, to Espanyol, and advance to the Copa del Rey semifinals (and eventually final). Despite losing Neymar in the summer, Barca mostly cruised through their Champions League group, only dropping points in draws away to Juventus and Olympiacos. Lionel Messi has, strangely, never scored a goal in his eight career appearances against Chelsea, a record which has been spoken about at length in the build-up to Tuesday — similarly to the goal-less record which plagued him against Juve goalkeeper Gianluigi Buffon, whom he finally bested back in September.

[ MORE: Man City win big away to Basel | Real Madrid 3-1 PSG ]

In the other round-of-16 first-leg matchup on Tuesday, five-time (soon-to-be six) defending Bundesliga champions Bayern Munich host surprise winners of Group G, Besiktas, ahead of the likes of Monaco, RB Leipzig and Porto.

Since taking over on an interim basis (through the end of the season), Bayern boss Jupp Heynckes has won 21 of 22 games of which he’s been in charge, including four of six games during the group stage en route to finish second behind Paris Saint-Germain, while also racing out to a 19-point lead back home in Germany.

Aguero involved in clash with Wigan fan after FA Cupset

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MANCHESTER, England (AP) Sergio Aguero was involved in a confrontation with a Wigan fan as ugly scenes marred the end of the third-division side’s shock FA Cup win over Manchester City on Monday.

[ MORE: Wigan shock Man City, the world and themselves ]

Fans spilled on to the pitch at DW Stadium as the host celebrated its 1-0 fifth-round win against the runaway English Premier League leader.

Supporters from both clubs were involved in disturbances, while television pictures appeared to show a home supporter and striker Aguero involved in a physical exchange.

Aguero appeared to hit the supporter after the fan said something to the player, and Aguero had to be held back by his City teammates.

[ MORE: Money from Wembley replay “will support Rochdale for 2 or 3 years” ]

Advertising hoardings were also ripped out and thrown as a pitch invasion by Wigan fans got out of hand while the defeated City players were being escorted off the pitch.

Footage also appeared to show objects, including an advertising board, being thrown at police officers by fans in the City end.

Wigan shock themselves: “Not sure how it feels, hasn’t sunk in yet”

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Wigan Athletic didn’t just shock Manchester City with their FA Cup fifth-round slaying of the runaway Premier League leaders; nor did they merely shock the rest of the footballing world; they also shocked themselves into disbelief, according to defender Dan Burn.

[ MORE: Goodbye, quadruple! Wigan bounce 10-man City from FA Cup ]

Speaking following Monday’s triumph over Pep Guardiola‘s quadruple-chasing side at the DW Stadium, Burn admitted he himself didn’t know what to make of the night that would undoubtedly highlight and change his own professional career — quotes from the BBC:

“Not sure how it feels, hasn’t sunk in yet. It was a really tough game. The belief was always there. We’ve got Will Grigg, who does what he keeps doing.

“We pride ourselves on our clean sheets. We had a couple bad results before, so we wanted to prove ourselves, so a clean sheet against the best team in England is great.

“Once we scored, the fans really got behind us, just knew we needed to hang on. It was the longest 10 minutes of my life.”

[ MORE: Money from Wembley replay “will support Rochdale for 2 or 3 years” ]

Manager Paul Cook was able to articulate his happiness and pride only slightly better — “It feels great” — but offered the highest of praises to his players, whom “had to ride [their] luck at times” during the game, and gave everything they had to the cause, because that’s the only way you beat a team like Man City:

“It feels great. It’s such a severe test. They’re such a strong side and move the ball so well. We had to ride our luck at times and the sending off is always a big incident.

“Our lads deserve credit for their work and some of the blocks they made were outstanding, and to beat Man City you have to do that.”