16 Aug '11, 12pm

Manchester United planning S$1.2 billion IPO in Singapore /via @tdysports

LONDON - Manchester United soccer club, the record 19-time English football champions, is planning a $1 billion (S$1.2 billion) initial public offering in Singapore, said a person familiar with the process. Credit Suisse Group AG is working on the transaction, which may take place this year, said the person, who declined to be identified because the process is private. No final decision has been made. Manchester United declined to comment. The club is examining how to lower financing costs, looking for extra money to expand and acquire more players, a person familiar with the matter said in June. This season, Manchester United won its fourth league title since the Glazer family's 2005 buyout. The Glazers, who also own the National Football League's Tampa Bay Buccaneers, bought United for £790 million pounds (S$1.6 billion) in a leveraged buyout. Forbes magazine estimates t...

Full article: http://www.todayonline.com/Sports/EDC110816-0001087/Manch...

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Manchester United plans $1.2b IPO in Singapore

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