Manchester United Is Said to Be Poised to Begin IPO

Manchester United Ltd., the English soccer team with a record 19 national championships, is poised to kick off its initial public offering and may set terms as early as today, said a person with knowledge of the matter.

The person asked not to be named because the process is private. United, whose players include England’s striker Wayne Rooney and Welshman Ryan Giggs, filed for the U.S. IPO July 3. The club planned to seek as much as $300 million in the sale, a person familiar with the matter said this month.