United flotation 'may lead to sale'

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Football News

Manchester United's proposed flotation on the New York Stock Exchange could be a precursor to the club's eventual sale, according to a financial expert.

United have applied to be listed in the US in the hope of raising US dollars 100 million (£64million) from selling shares in the club. But while the Glazer family have structured the plan to ensure they retain priority voting rights over any new investors it could ultimately open the door to the Americans relinquishing control.

"Most clubs are available at a price if the truth be told," Karish Andrews, senior associate in the Sports Group at Lewis Silkin LLP, told Press Association Sport.

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

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