Last week Manchester United fans once again saw their team’s name plastered over the business pages, as the club announced plans to float on the New York Stock Exchange (NYSE) via an initial public offering (IPO) that would raise at least $100 million of capital. This is the latest piece of financial engineering from the Glazer family, who have tried the patience of the club’s support ever since they acquired United in 2005 in a highly leveraged takeover that placed over half a billion pounds of debt on the club’s balance sheet. Swiss Ramble has more.
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