Breaking News

Adidas to Start EU1.5B Shareholder Return Program
Tweet TWEET

Glazers Prepare to List 25% of Manchester United in IPO, Mirror Reports

Manchester United’s U.S. owners are preparing to sell as much as a quarter of their stake in the English Premier League soccer champion through an initial public offering, the Sunday Mirror said.

The Malcolm Glazer family, the club’s Florida-based owners, are looking to sell between 15 percent and 25 percent of their stake in the club and raise over 400 million pounds ($656 million), the newspaper said, without disclosing how it got the information.

The family is consulting UBS AG for the planned public offering, the Sunday Mirror said.

Manchester United spokesman Philip Townsend told Bloomberg News the club doesn’t comment on speculation.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.