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Manchester United delays stock market offering
A person familiar with the situation says Manchester United has put its planned $1 billion Singapore stock market flotation on hold because of volatility in the global markets
AP Published in Ahram Online on 20 - 09 - 2011

Approval for the initial public offering has already been approved by Singapore's stock exchange, but the person says United's American owners are waiting for the market conditions to improve before going ahead with the listing.
The person spoke to The Associated Press on condition of anonymity because the club is not discussing its financial plans publicly.
The Glazer family wants to raise $1 billion to help to cut debts, which were 458.9 million pounds ($747) on June 30, by making between 25 percent and 30 percent of United available.
The IPO will involve ordinary and nonvoting preferred shares.

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