Football

MUST demand full United flotation

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MUST demand full United flotation (©GettyImages)
MUST demand full United flotation (©GettyImages).

The Manchester United Supporters Trust have called on the Glazer family to launch a full flotation of the Old Trafford outfit, amid reports that their planned initial public offering (IPO) launch in New York has been shelved.

First in Hong Kong and Singapore, then New York, it has seemed the Glazer family have been looking to raise additional capital through a partial sale of the club.

It is estimated the debt incurred during their leveraged takeover in 2005 has so far seen in excess of £500million taken out of United to pay assorted fees and charges. And within their prospectus, it was admitted the club's present debt of £423million could hamper them in the transfer market.

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Topics:
Football
Premier League
Manchester United
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