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Singapore Stock Exchange Flotation?

Are there long term plans afoot for the Glazer family to relinquish control of Manchester United?

The reason I ask is that lurking in the pages of many a newspaper today is the inference that the Glazer family are seeking to float 25% of the club on the Singapore Stock Exchange.

Many view this move as providing two options for United.

The first would see our profile raised even higher in the Far East whilst the second would, if the theorists are correct, provide the Glazers with a long term exit strategy plan.

Currently, financial speculation values Manchester United at a cool 1.2 billion although those same calculations suggest our debt is a cool 500 million.

Talking about this share flotation, one analyst commenting in the media had this to say about the Glazers probable intentions,

"The Glazers will deny this is the first step in selling up, but the sale of shares is without doubt a partial exit. It`s the start of a process to sell but that process could end up being over a number of years, rather than any time soon."

Interesting times, interesting times!



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The Journalist

Writer: Red Boy Mail feedback, articles or suggestions

Date:Wednesday August 17 2011

Time: 4:32PM

Your Comments (oldest first)

Change to most recent first
I can't see it being an escape route. If anything selling 25% of the shares would strengthen their position at the club. The club ends up being debt free and the Glazers can begin making a juicy profit every year whilst sharing some of the profits with the other share holder and leaving the club some to continue to develop. No matter how much people hate the Glazers and want them out it's undeniable that the club under their reign has gone from strength to strength and Fergie has always been provided with money when he wants it. I would like clarity though over their intentions.
TheFamousNo7
Report Abuse
17/08/2011 18:25:00

I can't see it being an escape route. If anything selling 25% of the shares would strengthen their position at the club. The club ends up being debt free and the Glazers can begin making a juicy profit every year whilst sharing some of the profits with the other share holder and leaving the club some to continue to develop. No matter how much people hate the Glazers and want them out it's undeniable that the club under their reign has gone from strength to strength and Fergie has always been provided with money when he wants it. I would like clarity though over their intentions.
TheFamousNo7
Report Abuse
17/08/2011 18:25:00

Ahhh so its Singapore stock exchange - not Hong Kong - ah well - I reckon I know who will buy up those shares - like I said in my article - Qatari Royal Family are the ones that come foremost to my mind.
niteworlok
Report Abuse
18/08/2011 07:56:00

Ahhh so its Singapore stock exchange - not Hong Kong - ah well - I reckon I know who will buy up those shares - like I said in my article - Qatari Royal Family are the ones that come foremost to my mind.
niteworlok
Report Abuse
18/08/2011 07:56:00

 

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