Manchester Utd Plc - MANU STOCK NEWS

Manchester United (NYSE:MANU) has announced a global partnership with Renewable Energy Group (NASDAQ:REGI) focused on enhancing environmental sustainability. This collaboration aims to raise awareness of renewable fuels and promote environmental change among the club's global fanbase. Since initiating a carbon reduction program in 2008, Manchester United has cut its annual emissions by 2,700 tonnes. The club and Renewable Energy Group will work together to further reduce their carbon footprint and advocate for a cleaner planet through innovative low-carbon solutions.

TeamViewer has been announced as the principal shirt partner of Manchester United for the 2021/22 season, marking the start of a five-year partnership. The collaboration aims to utilize TeamViewer's technology to enhance digital engagement with the club's global community of 1.1 billion fans. The new home kit featuring TeamViewer's branding will be showcased by all Manchester United teams, including men's, women's, and Academy squads. This partnership is positioned to strengthen TeamViewer's brand presence and drive digital transformations within the club.

Manchester United (NYSE:MANU) reported financial results for the third quarter ending March 31, 2021. Total revenue fell by 4.4% to £118.3 million, driven by a 94.5% drop in matchday revenue due to closed-door games, while commercial revenue decreased by 15.3%. However, broadcasting revenue surged 125.4%, reaching £58.6 million. The Company recorded an operating loss of £21.6 million and a net loss of £18.1 million. Cash reserves stood at £84.7 million, with a total net debt of £443.5 million. A cash dividend of $0.09 per share is scheduled for July 30, 2021.

Manchester United has announced plans for a new era of fan engagement, including the establishment of a Fan Advisory Board and a Fan Share Scheme. Executive Co-Chairman Joel Glazer highlighted intentions to invest significantly in Old Trafford and the team’s infrastructure, with over £100 million spent in the last decade. The club aims to enhance its global scouting network and support the women’s team. Additionally, the club has maintained affordable ticket prices for over ten years, with a focus on sustainable investment for long-term success.

Twelve top European football clubs, including Manchester United, have announced the establishment of the Super League, a new mid-week competition aimed at enhancing football quality and financial sustainability. The league will feature 20 clubs, with 15 Founding Clubs and a mechanism for five additional teams. Matches will occur midweek while teams maintain participation in national leagues. Financially, the league will provide over €10 billion in solidarity payments and €3.5 billion for infrastructure investments, amid ongoing discussions with UEFA and FIFA.

Manchester United plc has entered a five-year partnership with TeamViewer as its principal shirt partner, starting with the 2021/2022 season. This agreement leverages Manchester United's global platform to enhance TeamViewer's brand visibility and showcase its technology in remote connectivity. TeamViewer, which has over 2.5 billion installations, aims to create innovative fan experiences through augmented reality solutions. This collaboration is expected to significantly boost TeamViewer's market positioning while strengthening Manchester United's connection with its 1.1 billion global fanbase.

Manchester United announces a new five-year partnership with TeamViewer as its principal shirt partner, starting in the 2021/2022 season. This collaboration links one of the world's top football clubs with a leading software company, aiming to enhance the fan experience through innovative technology. TeamViewer's expertise in remote connectivity will be utilized to engage Manchester United's 1.1 billion global fans, providing access to augmented reality solutions and remote experiences. The partnership highlights TeamViewer's growth in brand awareness and market reach.

Manchester United plc has announced an offering of 5,000,000 Class A Ordinary Shares by the Avram Glazer Irrevocable Exempt Trust. The company will not receive any proceeds from this sale, which is expected to close on March 16, 2021. The shares are traded on the NYSE under the symbol MANU. J.P. Morgan is the sole underwriter for this transaction, which follows an effective shelf registration with the SEC. Investors are encouraged to review the prospectus and related documents for full details.

Manchester United (NYSE: MANU) reported financial results for the second quarter of fiscal 2021, ending December 31, 2020. Total revenue reached £172.8 million, up 2.6% from the prior year, but down 7.2% for six months at £281.8 million. Commercial revenue fell 11.3% to £62.6 million, while broadcasting revenue surged 68.0% to £108.7 million. Matchday revenue plummeted by 95.5% to £1.5 million due to closed-door matches. Net debt increased to £455.5 million, a 16.4% rise year-over-year. The club has not provided revenue or EBITDA guidance for fiscal 2021 due to ongoing uncertainties related to COVID-19.