Manchester United, the legendary English soccer club, filed
plans to raise $100 million in an initial public offering in the U.S. According to the WSJ report the move by the
team's owners, the Glazer family, which also owns the National Football
League's Tampa Bay Buccaneers, wasn't unexpected, but the filing provided a
window into the finances of one of the most popular sports brands in the world.
According to the filing, United had $520 million in revenue
last year. However, the team is also carrying some $664 million in debt, a sum
that critics have said is preventing Manchester United from acquiring the top
players in the world…..
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full report st http://online.wsj.com/article/SB10001424052702304211804577505172266999742.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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