Arguably the most recognized, loved, hated and successful team in the world is about to offer it’s self up to the open market. Manchester United’s planned $1 billion public offering has been approved by Singapore’s stock exchange. They will start trading at the end of the year. The is worth about $1.9 Billion so says Forbes.
What you may not know is that the team though overseas is an American-owned club. Manchester United is owned by the Glazer family. The same family that owned the Tampa Bay Buccaneers. Forbes magazine has ranked Manchester United as soccer’s most valuable team for the last seven years.
The ipo is welcomed at the team may be worth a lot but they are also in a lot of debt. The club has about $750 million of debt on the books.