- Man Utd NY float could free up cash for players
Man Utd NY float could free up cash for players
04 July 2012 08:49
LONDON (Reuters) - Manchester United plans to cut its debt with a New York flotation that should free up cash for top players after a trophyless season in which it was replaced at the top of English soccer by rich rivals Manchester City. The American Glazer family, owner of the NFL team Tampa Bay Buccaneers, will keep its grip on the 19-times English champions after the planned U.S. float by using a dual share structure. The club wants to raise up to $100 million to reduce its debt pile of 423 million pounds. ...
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