Manchester United on the (Hong Kong) stock exchange
in response to reports in the Sunday Times today that the Glazers may be considering floating Manchester United on the (Hong Kong) stock exchange a MUST spokesperson said:
"If this report proves to be well founded the prospect of a flotation of Manchester United is one that many supporters would cautiously welcome because it could be an opportunity for supporters to once again share in ownership of their club. However three immediate concerns spring to mind. Firstly that this would have to be a full IPO signalling a clean exit for the Glazers. Secondly the valuation would have to be realistic - something closer to 1bn GBP rather than the 1.5bn+ GBP that the Glazers seem to feel is possible. Thirdly shares should be freely available to all MUFC supporters and certainly floated on the UK market to maximise accessibility."
"Of course many supporters would hate to see the Glazers walk away with a huge profit but in the end it isn't about them. It is about what is best for Manchester United - the Football Club and its supporters. Until their drain on our finances is removed we will never be able to compete on a level playing field with the best in the world."
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