Cookie consent

We use cookies to improve your experience on this website. By continuing to browse our site you agree to our use of cookies. Tell me more | Cookie preferences

Manchester United announce stock listing in New York

Manchester United has been listed on the New York stock exchange as "MANU"

Story highlights

  • Manchester United have announced their share listing on the New York stock exchange
  • Ten per cent of the club will be available for purchase
  • The Glazer family, the club's controversial owners, look set to pocket half of the money raised
  • The club is thought to be in roughly $663 million of debt

Manchester United has launched their listing on the New York Stock Exchange, Monday, with 16.7 million shares, representing 10 per cent of the club, up for sale.

Reports say that the shares should start trading somewhere between $16 and $20, with the club hoping to raise more than $300 million in the process.

However, the prospectus that accompanies the listing appears to suggest that the money raised will be split between the club and its owners, the Florida based Glazer family.

The Glazers have been controversial owners of the club, with fans angry at the family's leveraged buyout in 2005. There are reports that, as of March 31st this year, the complicated financial deals used to buy the club have left the 19-times league champions with around $663 million of debt.

Manchester United and shanhag Shenhua players enter the field

    Just Watched

    Manchester United lists stock on NYSE

Manchester United lists stock on NYSE 02:44
PLAY VIDEO

    Just Watched

    Man City's last gasp goal wins title

Man City's last gasp goal wins title 01:15
PLAY VIDEO

    Just Watched

    Del Piero's Juventus love affair

Del Piero's Juventus love affair 03:56
PLAY VIDEO

"Manchester United today commenced its initial public offering of 16,666,667 Class A Ordinary Shares," said a statement issued by Sard Verbinnen & Co, the public relations firm hired by the English club to oversee the initial public offering (IPO) of shares.

"The Class A Ordinary Shares will be listed on the New York Stock Exchange and will trade under the symbol "MANU.""

    Earlier in the day, the club announced a new sponsorship deal with General Motors. The seven year agreement will see the Chevrolet brand displayed on the front of United's shirts from the start of the 2014-15 season.

      Football Focus

    • After 20 years, more than 300 goals and a host of major honors, Thierry Henry has called time on his glittering football career.
    • He might be struggling to score goals for Liverpool, but Mario Balotelli's cheeky tweet about the British monarch hit the spot during the World Cup.
    • bpr south african soccor senzo meyiwa death _00000402.jpg

      Football world mourns South African captain Senzo Meyiwa who was shot and killed during a botched robbery in a township near Johannesburg.
    • German alleged jihadist Kreshnik B (R) listens to his lawyer Mutlu Guenal (L) as he arrives at the higher regional court in Frankfurt. His face is pixelated for legal reasons.

      Once part of Germany's largest Jewish sports club, now he's the first ISIS suspect to stand trial in a country left shocked by his alleged radicalization.
    • One goal in eight matches for new club Liverpool, and dumped by the Italian national team -- Mario Balotelli has yet to shine on his English return.
    • Ched Evans smiles during the Wales training session ahead of their UEFA EURO 2012 qualifier against England on March 25, 2011 in Cardiff, Wales.

      Should a convicted rapist, who has served their time in prison, be allowed to resume their old job? What if that job was as a high-profile football player?
    • Norwegian 15-year-old Martin Odegaard is the youngest player ever to feature in a European Championships qualifying match.