Sports

Man United don’t need success on the pitch to make money — Club Owner Glazer

Man United don’t need success on the pitch to make money — Club Owner Glazer

Manchester United co-owner Avram Glazer has claimed that the club does not depend on positive results on the pitch to maintain its commercial success and enterprise value.
 


Speaking at Deutsche Bank’s inaugural Sports Investment Conference in London, the American businessman addressed questions regarding the correlation between on-field performance and commercial revenue.
 


Glazer argued that global brands like Major League Baseball's New York Yankees and the NFL's Dallas Cowboys have sustained high commercial valuations despite extended periods without winning major trophies. He asserted that Manchester United's brand strength similarly insulates its financial performance from fluctuating pitch results.
 


The comments echo statements made in May 2018 by former executive vice-chairman Ed Woodward, who told investors that playing performance does not have a meaningful impact on commercial operations.
 


"Playing performance doesn’t really have a meaningful impact on what we can do on the commercial side of the business," Woodward previously noted.
 


Glazer's remarks arrive during a tumultuous stretch for the club. Manchester United recently snapped a nine-match winless streak with a 3-2 Champions League comeback victory over AS Roma at Old Trafford. Despite the European win, the club remains near the Premier League relegation zone on goal difference.
 


Manager Michael Carrick faces continued pressure as Manchester United prepare to host Aston Villa in their upcoming Premier League fixture.

 

Most read

Last 3 days
  1. 1 Burna Boy, Soso Soberekon champion education, youth empowerment in Niger Delta
  2. 2 Chris Pappas makes history as first openly Gay man elected to US Senate
  3. 3 Update: Lady allegedly thrown from Owerri two-storey building by aunt’s boyfriend succumbs to injuries
  4. 4 Comic actor, Mr Macaroni, bags Master of Arts with Distinction from Mountview Academy of Theatre Arts
  5. 5 President Tinubu graduated with a first class. I met his classmates in the US- Education Minister, Tunji Alausa
  6. 6 Police recover car stolen from Kano church after three days
  7. 7 Three suspected traffickers arrested as police rescue 21-year-old Nigerian woman sold for N770,000 in Mali
  8. 8 I drove taxi to fund my education in the US– President Tinubu
  9. 9 Beyond the Asphalt: How Jetour’s High-Octane Lagos Convoy Brought Clean Water and Hope to Iwerekun Orile.
  10. 10 South African woman accuses husband of dumping her after she ‘used her savings to help build his business’
  11. 11 Bianaca Ojukwu pens emotional tribute on late husband, Odumegwu Ojukwu’s 93rd posthumous birthday
  12. 12 Convicted murderer Christa Pike diagnosed with rare cancer

Comments (0)

Add yours ↓

Comments expressed here do not reflect the opinions of lindaikejisblog.com or any employee thereof.

No comments yet. Be the first to share your thoughts.

Add your comment

News / Tip-off

Email: [email protected], [email protected]
Mobile: 08163941957

Advertise with us

Email: [email protected]
Phone: 08163941957, 08118879335

Share story