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| Manchester United |
Manchester United hope to have US $ 1 billion of IPO in Singapore. Premier League clubs Manchester United is planning to get funds to the stock offering (IPO) in Singapore. Some media reports Wednesday (17/8), Manchester United wanted to sell a 30 percent stoke and hoped to be able to get funding up to US $ 1 billion.
Singapore newspaper The Straits Times announces representatives Manchester United have met officials of the Singapore Stock Exchange (SGX). A family representative Glazers, whose Manchester United, also had a meeting with the bankers Singapore. This newspaper adds Temasek Holdings was interested in buying shares of MU when such share offer plans get the go-ahead.
The debts of the Club
The value of US $ 1 billion for the 30% stock means valuations Manchester United in the range of US $ 3 billion, far higher than the calculations of analysts. Forbes magazine some time ago called the Manchester United Football Club as the most valuable and worth US $ 1.86 billion. Analysts said the share offer in Singapore aimed to exploit Asian markets where Manchester United had an estimated 190 million supporters.
Dow Jones reported, before chose Singapore, United chose Hong Kong as a place to sell the stock. Funds obtained from the sale of these shares is utilized to reduce debts of Manchester United, which according to some reports reaching US $ 1.18 billion.
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