Manchester United Weighing Up Singapore IPO, Could Raise $1 Billion

MANCHESTER, ENGLAND - APRIL 09: Manchester United Co-Chairmen Joel Glazer (R) and Avram Glazer talk during the Barclays Premier League match between Manchester United and Fulham at Old Trafford on April 9, 2011 in Manchester, England. (Photo by Michael Regan/Getty Images)

Manchester United is making yet another ploy in the Asian market, reportedly issuing an IPO on the Singapore stock exchange

Manchester United are ranked by Forbes as the most valuable sports team in the world. They are favorites to win the English Premier League title and spent a combined £60 million over the summer on Ashley Young, Phil Jones and David De Gea. They have a state of the art stadium with the largest capacity in English football and their revenues are higher than any other team in the world. Surely, what Manchester United needs more than anything in the world is another $1 billion in funding, right?

That's exactly what they're seeking, as the club plans to issue an initial public offering in Singapore in the fourth quarter of 2011. The club was reportedly considering a listing in Hong Kong, but has changed their plans and now plans to go through Singapore in their further attempts to tap the Asian market. The club was previously listed on the London stock exchange, but was delisted in 2005 when the Glazer family bought the club.

Between their sky-high revenues and their immense popularity in Asia - with Singapore being no exception - there's no reason to believe that this won't be a wildly successful venture for Manchester United. Between this, their frequent North American tours and their purchase of 'Chicharito' Javier Hernandez, United continues to pave the way in creating great revenue streams across the globe.

For more on the Red Devils, visit SB Nation's Manchester United blog The Busby Babe.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.