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Manchester United Will Offer Shares to Reduce Debts

Manchester United, the long-time English football power, intends to sell shares worth up to $100 million to the public.  The shares offered will be listed on the New York Stock Exchange.  

The following is a link to the preliminary prospectus filed with the U.S. Securities and Exchange Commission.

Considered one of the most valuable sports franchises in the world, Manchester United was acquired for nearly $1.5 billion in 2005 by Florida-based Malcolm Glazer.  Proceeds from the share offering will be used reduce the debts remaining from the acquisition of the club.

The Glazer family also own the Tampa Bay Buccaneers,
NEW YORK — Manchester United plans to go public. In the United States, to boot.
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