United's owners seek New York IPO
4th July 2012
THE Glazer family which owns Manchester United Football Club is planning to float shares on the New York Stock Exchange.Documents filed with the US's Securities and Exchange Commission show that the club, whose registration has moved to the Cayman Islands, is planning to raise an initial $100m which will be used to pay down debt. It does not indicate how many shares will be offered and the valuation being placed on the club by the family.It does state, however, that the 'A' shares being offered will be of a different class to the '......for the full story register now for free or login below...
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