Friday, 10 August 2012

Manchester United to Float and Lower Value - 10th August 2012

The football club Manchester United due to float in the New York has had to lower its share price value below the original expected $16 to $20 per share.

It is now set at $14 per share the idea is that this will raise $233 million to pay off money and debt the club owes.

The owners the glazers who paid £800 million in 2005 will have double the value of the club if this share price holds.

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