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Saturday, August 20, 2011

United to join Singapore Stock Exchange

Manchester United owners, the Glazer family have decided to sell a significant share of the club to clear their debt of $515m or to help them minimise it.

BBC reported that the club has launched an application for joining the Singapore Stock Exchange, told to be completed early in November.

After a sale of 25-30 percent of those shares, it could raise upto $600m, meaning that no outsider can take over the club. Manchester United are willing to control their debt with their sales.


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