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
Bollywood director Karan Johar surprised everyone at the 'Bombay Velvet' wrap up party with a new edgy hairdo. Marking a departure from the ... More Bollywood director Karan Johar surprised everyone at the 'Bombay Velvet' wrap up party with a new edgy hairdo. Marking a departure from the safe and slicked back hair that he had been sporting for a long time, Karan looked quite cool in his new avatar. The new hairstyle has definitely made Karan look younger and edgier than ever before.Karan, who is making his full fledged debut as an actor in 'Bombay Velvet', says he had great time shooting for the film. Karan will be seen as a rich businessman who plays a crucial role in Ranbir Kapoor's life in the film, with shades of grey.
Date 13 hrs ago, Duration 1:50, Views 14