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.

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