Skip to main content

Glazers Looking To Float Manchester United On Hong Kong Stock Exchange

The Glazer family, who owns Manchester United are reportedly looking to list Manchester United on the Hong Kong stock exchange.

If done, the deal could see United being valued at £1.7 billion and could also provide a profitable exit for the Glazers who bought the club in a highly leveraged £790m, although the Glazers may retain a stake in the club and use some of the cash from a share offering to reduce the debt of £490m.

This news might excite fans who have moved against the Glazers for saddling the club with over £500m debt and caused a marked reduction in transfer spending.

Comments

Popular posts from this blog

Ryan Giggs In Dressing Room With All His Trophies

Ryan Giggs Is the most decorated player in the UK and he shows off all his achievements sitting in the dressing room with 12 Premier League trophies, 2 European Cups, 4FA Cups, 4Carling Cups, 1Super Cup, 1World Club Cup And 1Intercontinental Cup.

How to Destroy a Giant: The Downfall of Manchester United

The Glory Days Manchester United in the 1990s was the epitome of footballing excellence. Under the legendary management of Sir Alex Ferguson, the club dominated English football and made significant strides in European competitions. The zenith of this era was the historic treble in the 1998-99 season, where United won the Premier League, FA Cup, and the UEFA Champions League. Players like David Beckham, Ryan Giggs, Roy Keane, and the iconic Class of '92 brought glory and prestige to Old Trafford. The footballing philosophy, the relentless pursuit of excellence, and the unyielding spirit of the team were unmatched. The Glazer Takeover In 2005, the landscape of Manchester United changed dramatically with the takeover by the Glazer family. The acquisition was controversial, primarily because it saddled the club with a significant amount of debt. The Glazers' leveraged buyout meant that the club, previously free of substantial debt, now had to manage enormous interest payments. Thi...

Wayne Rooney Celebrates 19th Title With Antonio Valencia And Chicharito

Wayne Rooney in the dressing room with Antonio Valencia and Javier "Chicharito" Hernandez after their 1-1 draw with Blackburn Rovers at Ewood Park. Manchester United had just clinched their record 19th Premier League title. Source