European Cup Sideshow: Manchester United to List in US

One of my favorite soccer clubs, Manchester United, is coming to the US for IPO. Jefferies Group, Credit Suisse and JP Morgan will underwrite.Manchester United originally planned a $1B IPO in Singapore with Morgan Stanley, but the Asian market has been volatile, causing the change in the plan. The new offering size is likely to be around $500M. Bankers previously valued the company at 2B pounds, even though, I know, the games they put on cannot be valued.The club is owned by the Glazer family, which is headed by the very energetic American businessman Malcolm Irving Glazer. National Football League’s Tampa Bay Buccaneers is another team the Glazer family owns.Thanks for staying with us at the Financial News Network when European Cup is in full swing. I’m Julia Sun and we’ll be right back.