Aug. 7 (Bloomberg) -- 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.
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