Glazers file for Singapore listing
Manchester United have filed a listing application at the Singapore stock exchange. They are expected to offer 30 per cent of the company for sale and hope to raise £600m. The listing is expected to take four to twelve weeks to complete.
Although some of the proceeds would be used to pay down the club’s £515m debt, it may also lead to additonal money being made available in the January transfer window. The club will not, however, compromise a pay structure that ensures that wages account for less than 50 per cent of turnover.
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