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,
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