http://menmedia.co.uk/manchestereveningnews/news/s/1582554_manchester-united-to-float-on-new-york-stock-exchange
Quote:
MANCHESTER UNITED are to float on the New York Stock Exchange, it has emerged. The Reds filed a 283-page registration for an Initial Public Offering with the US government. Within the report a figure of $100m is muted but it is thought United will want to raise more than that and will revise at a later date. No figures are given for how many shares will be offered and at what price. The Reds describe themselves as 'an emerging growth' company and say that Red Football Shareholder Limited, the company through whom they conduct their business will become a 'wholly-owned subsidiary of Manchester United Ltd an exempty newly-formed company with limited liability formed under the laws of the 'Cayman Islands'. The report refers to the club's '659 million followers' based on a survey they paid for which asked people who their favourite football team was. It describes United as 'one of the most popular and successful sports teams in the world' and estimates a cumulative audience of more than 4bn watched their matches last season. The report also claims more than five million United products were sold in the last year including more than two million shirts. It also points out that United's facebook page has 26 million connections compared to the New York Yankees' 5.8m and the Dallas Cowboys 4.9m and points to a commercial revenue of £103.4m from the year ending June 30, 2011.
