Football

Gill confident of United growth

Gill confident of United growth (©GettyImages)
Gill confident of United growth (©GettyImages).

Chief executive David Gill believes Manchester United will continue to grow despite a disappointing share price when the club was listed on the New York Stock exchange on Friday.

United, bought by the Glazer family in 2005 for about £800million, offered 16.7m shares on Thursday - equal to a 10% stake - at a price of 14 US dollars (around £9) each before listing on the New York Stock Exchange on Friday, but there was little price movement in early trading.

The offering was substantially lower than the 16 to 20 US dollars originally proposed by its advisers - which would have valued the club at £2.1 billion at the top end, but Gill told Sky Sports News: "The level of debt that we've had at the club since they've taken over hasn't impacted what we've done as a team."

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

Topics:
Football
Premier League
Manchester United

Article Comments

Trending

Read more