The devils, the real ones, land on Wall Street. The Manchester United is about to launch a listing on the New York Stock Exchange. The battleship of English football has already delivered the necessary documents to the SEC, the American Consob. The goal is raise at least $100 million through the IPO: a haul to be used entirely to reduce the club's oceanic debts, which at the end of March amounted to £423,3m.
The banks that will follow the placement are Jefferies, Credit Suisse, JpMorgan, Bofa Merrill Lynch, Deutsche bank securities.
The company, which is based in the Caiman Islands and has been owned by the American businessman Malcom Glazer since 2005, closed the nine months (31 March 2012) with a profit of 38,2 million pounds, revenues at 245,8, 203 million and total operating expenses of 71,9 million. Adjusted EBITDA amounted to 31 million as at 2012 March 109,689 and 30 million as at 2011 June 2011. Numbers to be compared with those taken home for the full year ended in June 12,9: profits of 331,4 million, revenues at 272,6 million and costs of XNUMX million.
