What does Manchester United have in common with Prada? A special attraction at the Hong Kong Stock Exchange. After the Italian maison, the great English football club is also looking to the Asian market for its quotation. The Sunday Times reports rumors according to which the American owners of the team have discussed this possibility with various investment banks. Last season's Champions League finalist club is expected to be valued at around £1,7bn (about $2,8bn). On the other hand, there is no news on the share of the capital that will be put on the market. The US Glazer family bought Manchester in 2005 for £790m in a leveraged buyout. To date, the company's debts total approximately £490 million. Listing on the Stock Exchange would therefore bring a breath of fresh air.
Manchester wears Prada, United also looks to Hong Kong
The British football club is thinking about listing on the Asian stock exchange to repay part of its debts, currently 490 million pounds – The valuation should be around 1,7 billion pounds, but the share that will be put on the market is not yet known.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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