Manchester United Sells Shares on the Singapore Stock Exchange

It was no surprise that Manchester United had their proposal to sell of $1 Billion (£650m) ,but ManU must now decide whether they can actually raise the money that they need to reduce their debt (ManU’s net debt is over £300m).

The Glazer family is aiming to raise £650m from selling off somewhere between 25% and 30%. That brings the value of Man United to more than £2bn but is there even that much risk involved? There is no doubt there will be a line of wealthy, powerful people eagerly ready to buy a large chunk of the world's most valuable sports brand.  If the Singapore stock market happens to crash, then the Glazer family can buy back their share in the club at a discounted rate, and if the sale is successful, they will raise between £300-350 excess after paying off the debt.   
What is the next step?
Man United executives will start giving presentations to a few key, large investors who they hope will buy a good portion of the shares available.  They will present their vision for the future of the business side of the club.  Man U has until the year to get their initial public offering float their stock on Singapore exchange, which fits their end of November target date. 

J.B. 

http://www.bbc.co.uk/blogs/davidbond/2011/09/manchester_uniteds_singapore_s.html