Manchester United Files For IPO On New York Stock Exchange

Manchester United Ltd. has filed a registration with the U.S. Security and Exchange Commission (SEC) to offer stock to U.S. investors via an Initial Public Offering (IPO).

Manchester United intends to raise up to USD $100 million from the sale of Class A ordinary stock, which will be listed on the New York Stock Exchange (NYSE). Originally, the club had entertained going on the Singapore stock exchange, but changed its mind and has focused on the NYSE instead. Manchester United is expected to hold the U.S. offering later this summer.

According to the filing, Manchester United has moved the club’s registration to the tax haven of Cayman Islands.

“The principal intention, set out in a US Stock Exchange registration statement, is to sell enough shares to new investors to pay off an as yet unspecified portion of United’s £423m debts, which the Glazers loaded on to the club when they bought it in 2005,” said David Conn, in The Guardian. “To date the Glazers’ takeover has cost United more than £500m in interest, bank charges and fees, after they borrowed £525m to buy the club, then made it responsible for servicing their debts.”

25+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, Liga MX, MLS & World Cup
  • Includes ESPN, FOX, Univision, TUDN and more
Favorite Leagues At The Best Price
  • Starting price: $7.99/mo. for Live TV Package
  • Watch Argentine league, Brasileirāo and Copa Libertadores
  • Includes beIN SPORTS, GolTV, TyC Sports and more
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features LaLiga, Bundesliga, MLS, Copa del Rey & more
  • Also includes daily ESPN FC news & highlights show
Live TV, Soccer & Originals
  • Starting price: $4.99/mo.
  • Features Champions League, Serie A, Europa League & more
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more
Get All 3 And Save 30%
  • $13.99/mo. for ESPN+, Disney+ & Hulu
  • Includes Bundesliga, LaLiga, NHL & the home to UFC
  • Features Marvel, Star Wars + shows & movies for your entire family

9 Comments

  1. Bucky July 3, 2012
  2. jtm371 July 3, 2012
  3. Redrich July 3, 2012
  4. Paul July 3, 2012
  5. BA14 July 4, 2012
  6. R2Dad July 4, 2012
  7. Alex Wolcott July 4, 2012
  8. Dust July 4, 2012
  9. Jason Gatties July 4, 2012

Leave a Reply

Translate »