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.
Labels:

Comments

Post a Comment

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.
Post a Comment
Read more

Manchester United Players In Their Champions League Final Suits

If you follow the popular thought Manchester United will need all the help they can get to beat Barcelona in the Champions League finals and here they get help with looking good for the trip to Wembley in their well put together suits. It probably won't have an impact on the match results but, if you lose at least you will lose looking good and even better if you win.
Post a Comment
Read more

John Terry Hurt By Man United Premier League Triumph

John Terry has vowed to ease the pain of watching Manchester United lift the Premier League trophy in May by claiming the title for Chelsea this term. The Blues captain, speaking on Sky Sports News at an event in London to launch the new season, feels the top-flight will be the most evenly contested in years. Alongside 19-times winners United and the Stamford Bridge side, Manchester City, Arsenal, Liverpool and Tottenham can all be regarded as contenders for the crown. "When I saw them lift this trophy last year it still hurts today. I want to get my hands back on this and lift it. " And England skipper Terry has admitted the Old Trafford outfit's obvious desire for continued success is what motivates him to achieve glory for Chelsea. "We all see the quality they (Man Utd) have got, the hunger they have still got and the manager has," said Terry, as he sat in front of the gleaming Premier League trophy.
Post a Comment
Read more