Man U Seeks NYSE Listing

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.

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.

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