Manchester United goes for IPO in New York

Manchester United has revealed its financial strategy for keeping up with its wealthy neighbours, an initial public offering (IPO) on the New York stock exchange.

Manchester United has revealed its financial strategy for keeping up with its wealthy neighbours, an initial public offering (IPO) on the New York stock exchange.

The club has filed papers with regulators suggesting the IPO could be worth $100m but many observers expect this is just an opening salvo, and the actual amount being targeted could be as high as $1bn.

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