Manchester United on verge of becoming world's most valuable club


• Flotation may see them valued at around $3bn• Glazer family hope to raise up to $332mManchester United are on the verge of being rated the world's most valuable sports team, as they prepare to reveal the pricing of their initial public offering on Thursday. The club announced last month that they would float their shares in New York and a two-week sales effort by Wall Street bankers appears to have paid off, with sources close to the flotation insisting that shares should start trading on the stock market tomorrow.A successful float would see United worth around $3bn (£1.92bn), about twice the value of Spain's Real Madrid once debts are factored in, according to data compiled by the financial media groups Bloomberg and Forbes. The offer would also make United about 10 times as expensive as publicly traded European teams such as Juventus...

Read the rest of this post (external)