>

Man U Seeks NYSE Listing

July 4, 2016

celebrity, finance, news

 

Manchester United F.C. has applied to join the New York Stock Exchange, seeking a share sale of $100m (£64m).

The decision comes nearly a year after its plan to raise $1bn on the Singapore stock market, which was approved and later put on hold due to overall market instability.

Source: google.com via Stuart on Pinterest

 

The club is currently owned by the Glazer family, who hope to use their stock exchange earnings to reduce the club’s £423m debt.

According to this BBC report, analysts see the family’s low IPO share sale figure as a sign of just how burdened the club is with large debts and high interest rates. However, the $100m share sale is thought to be only a ‘placeholder’ and it’s expected that the club is actually seeking to raise a far greater amount down the pipeline.

Now, let’s honour the occasion by watching this clip of Rooney from back in his bald days:

What are your thoughts on Man U’s plans to join the New York Stock Exchange? Let us know what you think in the comments section below.
Share

Related posts:

  1. Youthful Yelp yields NYSE, yippee
  2. Part exchange: the key to a new home
  3. Competition Commission order BAA to sell-off airports
, , , ,