Manchester United hoping to raise $383 million
The flotation, which has been expected to happen in Singapore earlier this year, could value the most successful English club of the modern era at close to three billion dollars.
Investors are likely to scan the mounting competition that United now faces for the most rewarding trophies from Premier League rivals Manchester City and Chelsea, The Telegraph reports.
The Glazer family, which acquired the club for 790 million pounds in 2005, will keep control of all the major decisions.
Details of the initial public offering came as the club finalized a record seven-year shirt sponsorship deal with US carmaker General Motors estimated to be worth 28 million pounds a year or almost 200 million pounds over its lifetime.
election 2014: latest
Leaders thronged the polling booth to exercise their franchise on Thursday on the second-biggest day of the 16th Lok Sabha polls. Journalist... More Leaders thronged the polling booth to exercise their franchise on Thursday on the second-biggest day of the 16th Lok Sabha polls. Journalist, N Ram after casting his vote in Chennai said Indian voters keep changing his or her mind where is volatility of the situation. India's junior sports minister, Jitendra Singh cast his vote in Alwar district of Rajasthan and said that high turnout is going to favour Congress. Meanwhile, Finance Minister P Chidambaram and DMK President M Karunanidhi also cast their votes from respective constituencies.
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