United stock flotation kicks off

Published Add your comment

Manchester United are set to kick off their stock market flotation in a move which could value the club at more than £2billion.

The club, bought by the Glazer family in 2005 for about £800million, will offer 16.7million shares, equal to a 10 per cent stake, which are set to price later at between 16 and 20 US dollars (£10-12) before listing on the New York Stock Exchange on Friday.

United, who claim to have a global fanbase of about 660million and have won a record 19 English league titles, would be valued at £2.1billion at the top range, making it one of the world's most valuable sports teams.

Copyright (c) PA Sport 2012, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League
Manchester United

Read more

back to top