Manchester United are planning a fund raising share offer worth a stunning $1 BILLION (£610m) in Singapore by the end of the calendar year.
According to reports, the Premier League champions have recruited Credit Suisse to coordinate the deal.
Speculation had been rife in recent months about Manchester Unitedlisting in Hong Kong, which has become the venue of choice for global brands such as fashion house Prada SpA and cosmetics maker L'Occitane International.
With nearly two-thirds of its 300 million fans in Asia, the region has become an important growth area for the defending English champions.
Earlier this year, Forbes ranked Manchester United as the world's most valuable football team, valuing the club at more than £1.1bn.
That represents a healthy profit for the Glazers, who paid £800m.
The move would allow them to cut the club's £500m debts and reduce the £45m-a-year repayments they must make to service the debt.
And it will mean that the owners will be able to pay themselves and their investors dividends every year.
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