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Who else thinks the Manchester United IPO is a crock of?
...U know what? The Glaser family has done nothing but rape and pillage this sports franchise, running up $600 million in debt. Now they issue an overpriced IPO where half the proceeds will pay off debt and the other half go right into the Glaser's pockets. Plus the stock has no voting rights. People complain about how the stock market is rigged and the little guy can't make any money. This is a prime example about how the investment community and government allows investments that are nothing but rip-offs to flourish. Yes, everyone has the right (and obligation) to research the deals they buy into, but (as evidenced by the level of questions asked inYA Investing) many people simply don't know any better. That's how Facebook, Zynga and Man U succeed in lining the pockets of their executives at the expense of the little guy.
I'm curious to learn your opinions.
2 Answers
- Gwen LLv 49 years agoFavorite Answer
Yeah it doesn't really seem like the greatest deal in history. As always it's good to get a lot of research in on an IPO before you jump on board, or discount it completely... but given what I've read so far, I'm not quite bouncing off the walls with excitement. I guess we'll find out later this week.
- 9 years ago
It sounds like a bad deal from my opinion because it is risky you putting money to pay of debt and some of it will go into the glaser's pockets, personally i wouldnt do it .
