MANU
The National Football League raised more than $600 million in US high-grade private bonds, tapping a market...
Article Summary
HOLD- The National Football League raised more than $600 million in US high-grade private bonds, tapping a market that is a go-to source of funding for major sports franchises.
- The NFL borrowed roughly $338 million in private placement bonds in June through its NFL Ventures LP subsidiary and returned to the market more recently with a debt deal of about $300 million through another subsidiary, according to people familiar with the matter.
- Bank of America Corp. arranged both transactions, with Fitch Ratings assigning an A+ rating to senior notes issued at the end of last year reflecting the NFL's position as the most popular professional sports league in the US and its strong and highly regarded economic model, backed by multi-year national media contracts, revenue sharing among member clubs, and collective bargaining agreement with players union that involves hard salary cap through 2030.
- NFL Ventures debt is typically highly rated in part because it is backed by the NFL commissioner's assessment rights over member clubs effectively giving him the ability to ask NFL teams for money to service the debt according to Fitch.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 11.5% | 25% | 50.0 ptsMeets Minimum (11.5%) - Passes screener |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 4.8% | 20% | 20.0 ptsMinimal Upside (4.8%) - Target: $23.63 vs Current: $22.55 |
| Gross Margin % ? | 0.2% | 15% | 10.0 ptsRazor-Thin (0.2%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -6.9% | 15% | 20.0 ptsBarely a Dip (-6.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About MANU
- Manchester United plc, together with its subsidiaries, operates a professional sports team in the United Kingdom.
- The company is involved in marketing and sponsorship relationships with international and regional companies to commercialize its brand.
- It also markets and sells sports apparel, training and leisure wear, and other clothing; and other licensed products, such as coffee mugs and home accessories featuring the Manchester United brand and trademarks through Manchester United branded retail centers and e-commerce platforms, and through partners' wholesale distribution channels.
- In addition, the company distributes live football content directly, as well as through commercial partners; television rights relating to the Premier League, Union of European Football Associations club competitions, and other competitions, as well as delivers Manchester United programming through the MUTV television channel to territories worldwide.
- Further, it operates Old Trafford, a sports venue, as well as owns or leases, and invests in properties.
- The company was formerly known as Manchester United Ltd. changed its name to Manchester United plc in August 2012.
- Manchester United plc was founded in 1878 and is headquartered in Manchester, the United Kingdom.