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.
The 7th Annual Tamchon Football tournament, a 15-day carnival of football and cultural extravaganza, was inaugurated on November 16 at Dr. A... More The 7th Annual Tamchon Football tournament, a 15-day carnival of football and cultural extravaganza, was inaugurated on November 16 at Dr. Ambedkar Stadium in New Delhi. A total of 16 teams from different North-Eastern States participated in the tournament to promote peace, friendship and unity among the youth of the country.
Date 28-11-13, Duration 4:12, Views 35