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.
Assam, Feb 22 (ANI): These youngsters have gathered at the Jorhat Districts Sports Association Field to participate in a recruitment rally b... More Assam, Feb 22 (ANI): These youngsters have gathered at the Jorhat Districts Sports Association Field to participate in a recruitment rally being conducted by the Indian Army. Thousands of youth from different districts of Assam as well as from Arunachal Pradesh took part in the process. Through this recruitment drive, hundreds of people will be selected and absorbed into the different regiments of the Indian Army. The army officials were impressed by the large turnout. The Indian army and other security forces regularly conduct such recruitment programmes in the region with an aim to increase the presence of youth from the Northeast in the armed forces.
Date 22-02-14, Duration 1:54, Views 66