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.
Supreme Court on Friday pronounced that Sunil Gavaskar will replace N Srinivasan to take up the post of interim president of the BCCI. The S... More Supreme Court on Friday pronounced that Sunil Gavaskar will replace N Srinivasan to take up the post of interim president of the BCCI. The Supreme Court gave three interim orders to the BCCI, that is, Rajasthan Royals and Chennai Super Kings will not take part in IPL 7 tournament, Gavaskar replacing Srinivasan, and all India Cements employess be removed from BCCI.
Date 27-03-14, Duration 1:52, Views 684