Fancy owning a piece of a famous football club?
Now, you can.
Manchester United, one of the world’s most valuable football clubs, is planning a listing on our very own stock exchange, the SGX.
The club aims to raise $1 billion with an initial public offering (IPO) of 30% of the club’s shares by the end of this year.
Manchester United was once listed on the London Stock Exchange (LSE) as Manchester United PLC but were delisted in 2005 after the Glazers bought the club through a deal that was heavily reliant on debt financing. The Glazers had been very unpopular with United fans because the debt had caused the club to incur heavy interest payments year every year.