 Manchester United plan to raise $1 Billion by selling shares on Singapore Stock Market this winter... Manchester United owners The Glazer Family are plotting to sell shares on the Singapore Stock Exchange by the end of the year, in an effort to raise $1 Billion (£610 Million) for the club. The Wall Street Journal claims United's controversial American owners will carry out an Initial Public Offering (IPO) in Asia this winter, after the Hong Kong markets told The Red Devils they would not be allowed to float in China due to their current debt situation. The Glazers have burdened the Premier League Champions with loan repayments, following their £800 Million takeover in 2005. The total debt figure stands at just under £600 Million at the moment, meaning that the possible sale of £610 Million on the Singapore market (SGX) would eradicate the club's debt. Earlier this year, the Qatar Royal Family were linked with a takeover of The Reds, which valued the club at anywhere between £1.7 to £2 Billion. United remain the most valuable sports team worldwide - with 350 Million supporters worldwide - many of whom are in Asia, and more importantly Singapore. The Champions took the Premier League trophy on tour in the city-state this summer, as The Glazers pondered the exchange floatation of the club. Share sales could get underway by late 2011 to early 2012, with Credit Suisse in charge of guaranteeing the auction of one billion dollars in stock. The Manchester United Supporters Trust responded to the reports: "Until we have more details, we can’t give a full response, but what we do know is we want to communicate with as many Manchester United supporters as possible and make sure every supporter has the chance to share in ownership. It is quite possible that shares will not be available to ordinary supporters, and that MUST will have to provide a mechanism for supporters to buy shares." The club's press office has declined to comment on the story. CommentsTd1 16/08/2011 4:44pm
Lets hope all goes well and it pays some of this massive debt off l33bo 16/08/2011 6:05pm
sell up and fuk off u parasites glazers Rod 16/08/2011 6:17pm
That's why we can't spend big because of glazers scum Derek 16/08/2011 6:45pm
Will be interested to see how much if any is used to clear the debt rather than anything else. If they do clear the debt then think some apologies are due Fuck off glazers 16/08/2011 7:44pm
Fuck off blazers and sell up your not wanted at united. TRANSFER LATEST 16/08/2011 8:34pm
My sauce indicates tat de Sneijder deal is still a goer. Fee agreed with Inter, just negociating de terms 'n' condishions of de boy's condtract. De boy wanted de number 23 shirt but would be willing to settle for de number 22. Wants a penthouse appartment for his wife and his mistress. De boy also wants guarantees tat he will play in 90% of Unided's games dis calendar year. Dis info is coming from de verry top, so dont u dare doubt me. Sneijder will sing for Unided dis mont. Tat's all fe now. More newz as it becums available... TWITTER LATEST 16/08/2011 8:46pm
Transfer News Central TWITTER LATEST 16/08/2011 8:47pm
Transfer_Latest Transfer Latest Mike 16/08/2011 8:53pm
Sounds like it's back on. declan 16/08/2011 8:56pm
twitter is blowing up with sneijder news Sean 123 Mufc 16/08/2011 8:57pm
Cheers for the updates lads this one just won't go away TRANSFER LATEST 16/08/2011 9:02pm
"SNEIJDER WILL SIGN" - BBC man on Twitter Mikeyy 16/08/2011 9:38pm
Snijder is gunna sighn says itv 1 weather man wohooo must be true lads get ya wotsits out!! Clarky 16/08/2011 10:01pm
So where's this Schneider news? I can't see anything on Twitter. declan 16/08/2011 10:17pm
iz e singing or not? l33bo 17/08/2011 12:11am
any truth to this mihawk 17/08/2011 12:38am
Sneijder will sign????where is the related article???can't see it...Twitter???who said that?? TRANSFER LATEST 17/08/2011 3:36am
Right here: Face 17/08/2011 4:41am
Baidu....TOTALLY DISAGREE.... vicky 17/08/2011 6:24am
pls GLAZERS sell united to the qatar guys Sparky 17/08/2011 9:25am
It's in the papers sneijder is desperate for a move to us and willing to take a pay cut for the move Ian 17/08/2011 11:17am
Inter have said sneijder is staying as they will not sell, now can we move on please Mikeyy 17/08/2011 2:17pm
Well said ian bwt time dis shit stopped Nick 18/08/2011 8:35pm
Sneidjer and nasri quality but I think cleverly will be class this year in SAF believe Nick 18/08/2011 8:39pm
We could do with the qatar family that's been rumoured to buy united Red 4 Life 19/08/2011 2:09am
Sneijder WILL sign!!! - Sky Sports Italia l33bo 19/08/2011 11:45pm
nasri has said he wants to move to utd that's his prefered club Comments are closed. |  
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