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Manchester United IPO: Will Trade in the United States
Reuters was reporting that Manchester United has ditched its plans to list on the Asian Stock Market in favor of an IPO in the United States.
Man United has won a record 19 championships and is among the most wagered on club in all of football. They declined to comment on the report.
A study commissioned by the club showed its global fan base had doubled to 659 million people between 2007 and 2012, according to Reuters news agency.
"It is a brave move for Man U to try to list in the U.S. Good luck to them," said an investment banker in Asia.
The club’s proprietors are the American Glazer family, which owns the Tampa Bay Bucs NFL team.
- Aaron Goldstein, Gambling911.com
Submitted by Aaron Goldstein on Wed, 06/13/2012 - 12:27